How To Make A Company In Uganda

What is Company?

A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.

There are various things that you should do in order to start a company and they include the following: Decide on the type of company to start, for instance, partnership or limited liability company. Identify a company name. Register with the Registrar of Companies and be issued with a certificate of Registration

Process To Set Up A Company In Uganda

Business registration information guide

  1. Search for the business name.
  2. Reserve the Business Name.
  3. Obtain Certificate of Incorporation.
  4. Obtain an Investment License.
  5. Obtain a Taxpayer Identification Number (TIN)
  6. Obtain a Trading License.
  7. Register with National Social Security Fund (NSSF)
  8. Make a Company Seal.

The Requirements For Opening A Company?

Legal Guide to the requirements and formalities involved in starting a Company

  • 1) Deciding on a business name.
  • 2) Creation of a founder’s agreement.
  • 3) Acquire all the legal licenses and registrations.
  • 4) Be acquainted with the relevant tax regime and accounting norms.
  • 5) Be acquaint with labour laws.

The Right Ways To Start Your Own Company In Uganda From Scratch

  1. Make a business plan.
  2. Secure funding.
  3. Surround yourself with the right people.
  4. Follow the right legal procedures.
  5. Establish a location.
  6. Develop a marketing plan.
  7. Build your customer base.
  8. Plan to change.

The Cost To Start A Company In Uganda?

Uganda business incorporation costs in Year 1 amount to UGX34251912.65 and annual company costs in Year 2 and thereafter amount to UGX14552626.10. The average total fees per Uganda company setup engagement amounts to UGX64954404.30, including Uganda business incorporation, company secretary and corporate bank account.

How To Register Your Company In Uganda

The Uganda Registration Services Bureau Company Registration in Uganda is done by The Uganda Registration Services Bureau, an autonomous statutory body established by Chapter 210 Laws of Uganda in 1998. under Section 4(2) of URSB Act the Bureau is mandated to Carry out all registrations required under the relevant laws.

How Long Does It Take To Register A Company In Uganda?

Here, you need to take employer forms and employee forms for registration, and this may take up 1-7days and cost-free of charge. Note that NSSF is for all companies registered as private or limited by share capital.

How Much Is A Company License In Uganda?

The founder must pay the relevant license fee at the bank, as follows: Opening office: UGX 156,500.Carrying out retail Uganda business: UGX 206,500.Carrying out wholesale Uganda business: UGX 366,500.

Process To Start A Construction Company In Uganda?

  1. The two leading players in a market.
  2. Your simple business plan should include;
  3. Choose and reserve a business name.
  4. Register your company.
  5. Trading License.
  6. Developer’s license.
  7. General liability insurance.
  8. Disability insurance.

How Do I Register A Company Form?

Steps for Registering a Company

  1. Choose and Reserve a Company Name.
  2. Form a Business Entity.
  3. Obtain a Federal EIN.
  4. Know Your State Tax Registrations.
  5. Get Business Licenses and Tax Permits.
  6. Apply and Register Your Trademark and Business Mark.
  7. Perform Annual Filings and Permit Renewals.

The Amount Of Money Needed To Register A Company In Uganda

On top of those documents a registration fee of UGX 20,000/- , stamp duty totaling to 0.5% of the share capital , stamp duty on memorandum and articles of association UGX 35000/-, plus filling fees of UGX 25,000/- ,for the various forms A2 at UGX 10,000/- , A3, 7 and A9 at UGX 20,000/- are payable.

How do I start a private company in Uganda?

Steps to Starting a Company in Uganda

  1. Search for Business Name.
  2. Reserve the Business Name.
  3. Obtain Certificate of Incorporation.
  4. Obtain an Investment License.
  5. Obtain a Taxpayer Identification Number (TIN)
  6. Obtain a Trading License.
  7. Register with National Social Security Fund (NSSF)
  8. Make a Company Seal.

Guide Lines To Register A Company In Uganda.

  1. Search for Business Name.
  2. Reserve the Business Name.
  3. Obtain Certificate of Incorporation.
  4. Obtain an Investment License.
  5. Obtain a Taxpayer Identification Number (TIN)
  6. Obtain a Trading License.
  7. Register with National Social Security Fund (NSSF)
  8. Make a Company Seal.

Registering A Company With URA In Uganda

Company Registration

  1. Generate payment assessment through the URA portal and make payments using any method of your choice i.e. through the bank, mobile money etc.
  2. Scan copies of the documents for submission.
  3. Fill the application form and attach the documents scanned in 2 above.

How Do I Reserve A Company Name In Uganda?

To reserve the name for a company

  1. Obtain application form from the Uganda Registration Service Bureau or download it through this link: Business registration Form(select Reservation of Name.)
  2. Fill in the application from and submit it to the assessment window at the Uganda Service Registration Bureau (USRB)

Can Foreigners Register A Company In Uganda?

In order to start a business in Uganda, as a foreigner, you will need to be;Legally in Uganda. This means that you need to have entered the Country with the preferred documentation. A passport and a visa or another pass as legally required depending on the nature of the business.