How To Register Group Of Companies In Uganda

What Is Group Of Companies?

A group of companies is an economic entity formed of a set of companies which are either companies controlled by a same company. A group of companies is an economic entity formed of a set of companies which are either companies controlled by the same company, or the controlling company itself.

How Do I Register A Group Of Companies?

  1. Step 1: Digital Signature Certificate (DSC)
  2. Step 2: Director Identification Number (DIN)
  3. Step 3: Registration on the MCA Portal.
  4. Step 4: Certificate of Incorporation.
  5. Step 1: Purchase the plan.
  6. Step 2: Upload the documents on our website

How Much Money Is Needed To Register Group Of Companies Uganda?

Uganda business incorporation costs in Year 1 amount to Ugx 34305103.45 and annual company costs in Year 2 and thereafter amount to Ugx 14575225.30. The average total fees per Uganda company setup engagement amounts to Ugx 65055273.90 including Uganda business incorporation, company secretary and corporate bank account.

How Many Types Of Group Of Companies Registration Are There?

There are a total of seven types of company registration in India. Due to several options, it’s overwhelming to choose the right kind of company registration. However, we’ve come up with a detailed list of company registrations and their application process to make your company registration process effortless.

Can I Register Group Of Companies Online In Uganda?

Declaration of companies. Register for a Tax Identification Number (TIN) with Uganda Revenue Authority (URA). No charges. The TIN application can be completed online on the website URA:

What Documents Are Needed To Register A Group Of Companies?

The following supporting documents are required: o Certified identity copy of applicant; o Certified copies of the Identity Documents or passport of the Directors and Incorporators; o The name confirmation certificate.

How Do I Register Group Of Companies 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.

Can We Run Group Of Companies Without Registration?

To operate a business without registration you need a current account. Now to open the current account, the bank will ask you for any government registration. The government registration can be MSME registration, Shop & establishment registration or GST registration.

How Long Does It Take For Group Of Companies Name To Get Approved?

The whole process including approval of DIN, Name, and Incorporation takes around 10 working days. However, now-a-days registering a Company has become a fast process as all documents are dragged in a single application form with MCA.

How Can I Create Group Of Companies?

  1. Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business.
  2. Write your business plan.
  3. Fund your business.
  4. Pick your business location.
  5. Choose a business structure.
  6. Choose your business name.
  7. Register your business.
  8. Get federal and state tax IDs.

How Do You Book Group Of Companies Name?

Process to Reserve Group Of Companies Name

  1. Login to MCA Portal. Only registered users of the MCA can file the name application.
  2. Documentation. It is not mandatory to attach any document along with the application to reserve the company name.
  3. Filing of Web-Based Application.
  4. Payment of Government Fees.
  5. Approval or Resubmission of Name.

What Are The Types Of Group Of Companies In Uganda?

In legal terminology, sole proprietorships and partnerships are categorised as unincorporated entities while private companies limited by shares or guarantee, public limited companies, unlimited companies, statutory corporations and branches of foreign legal entities are classified as corporate entities.

How Do You Categorize Group Of Companies?

  1. Holding Company.
  2. Associate Company.
  3. Company Limited by Shares.
  4. Company Limited by Guarantee.
  5. Unlimited Liability Company.
  6. Unlisted Company.
  7. Listed Company.
  8. Small Company.

How Can Multiple People Start Group Of Companies?

  1. What a Partnership Means.
  2. Before You Go Into a Partnership.
  3. Make Decisions About Partners.
  4. Step 2: Decide on Partnership Type.
  5. Step 3: Decide on Partnership Name.
  6. Step 4: Register with Your State.
  7. Step 5: Get an Employer ID Number.
  8. Step 6: Create a Partnership Agreement.

Which Certificate Is Required To Start The Business Of Group Of Companies?

Certificate of Commencement of Business under Companies Act, 2013. A Public and Private Limited company having share capital cannot commence business until it has obtained the certificate of commencement of business (COB) from the concerned Registrar of Companies.

Can I Reserve Group Of Companies Name?

Whether you plan to trade through the company in the future or you want to protect the name to prevent other companies from registering it, incorporation is essential. It is not possible to simply reserve a company name for future registration.