Requirements For Business Registration In Uganda
The Bureau is mandated under the Uganda Registration Services Bureau Act Cap 210 to register all business entities in Uganda which are required by law to be registered. The directorate of Business Registration is responsible for the registration of, Public/Private companies. Business registration signifies that you are a legitimate business, which secures your reputation in the industry and country.
Government Benefits. The government supports businesses by providing free seminars and briefings to let business owners know more information about the company and industry. A business registration allows you to hire full-time employees and pay them in accordance to state laws. When you register your business with the state you’ll receive a state identification number that allows you to route state taxes on the employee’s behalf.
The purpose of registration of a document is to give ‘notice to the world’ of a certain property document having been executed. Record keeping is another important function of registration offices and these records are permanent for all practical purposes. Customers could be left to draw the conclusion that if the business did not follow procedures to operate legally, they might be involved in illegal activities and so you cannot grow or compete for big jobs that would require verification of business registrations.
You can create separate LLCs or corporations for each of your businesses, because there’s no limit to how many a person can form. The biggest advantage to this approach is that each business won’t have to assume the risk of the others; they’ll all be legally and financially protected from one another. A business name assumed by a sole proprietor or unincorporated partnership cannot hold legal title to a vehicle or real estate. The names of the business owners appear on titles, loans and documents such as leases and insurance policies.
Process Of Business Registration In Uganda
Choose business structure. The first step is to decide on a business structure.
Find a location.
Register your business name.
Register with the IRS.
Register with state and local agencies.
Apply for licenses and permits.
Benefits Of Registering Your Business
Establish an identity.
The tax man (collecting GST/HST).
Show me the money.
Establish credibility with customers and suppliers.
Requirements For Business Registration In Uganda
DTI Certificate of Registration.
Barangay Business Clearance.
Mayor’s Permit.
Certificate of Lease (if the place is rented) or Certificate of Land Title (if owned)
Government-issued identification (Passport, Driver’s License, Birth Certificate, etc.
Search for the business name.
Reserve the Business Name.
Obtain Certificate of Incorporation.
Obtain an Investment License.
Obtain a Taxpayer Identification Number (TIN)
Obtain a Trading License.
Register with National Social Security Fund (NSSF)
Make a Company Seal.
Forms Fees For Business Registration
| Details | Costs (Ugx) |
|---|---|
| Registration fees of nominal capital of 1M-5M | UGX 50,000 |
| Registration fees of nominal capital exceeding 5M | 1% of Share Capital |
| Stamp duty | 0.5% of share capital on new companies with share capital above 5M |
| Registration of certified copy of memorandum or equivalent | UGX 953923.25 |
Contact Of Business Registration Office In Uganda
Uganda Registration Services Bureau
Toll Free: 0800 100 006
Call Center: +256 417 338 100
Phone: +256 414 233 219 / 0417338000
Whistle Blower Hotline: 0414673200
WhatsApp: 0712 448 448
Fax: +256 414 250 712
ursb@ursb.go.ug (General Correspondences)
helpdesk@ursb.go.ug (For Enquiries)