Requirements For Investing In Uganda

Requirements For Investing In Uganda

Investing is the process of buying assets that increase in value over time and provide returns in the form of income payments or capital gains. In a larger sense, investing can also be about spending time or money to improve your own life or the lives of others.

Requirements For Investing In Uganda

Company Incorporation Process & Costs

1. Search and Reserve a Business Name   –  UGX 24,000/=

2. Submit company incorporation documents

Local Limited Company by Shares – cost depends on share capital

After name reservation, file the following documents with the Registrar of Companies:

  1. Form S18 – Registration of Company
  2. Memorandum and Articles of Association (if any)
    • See recommended lean Memarts form for Company Ltd by share
  3.  Other Company forms i.e.
    • Form  A1 –  Statement of Nominal Capital 
    • Form 20 – Notification of appointment of Director and Secretary of Company

Cost

  • Registration fees of nominal capital of 1,000,000 to 5,000,000/= costs 50,000/=
  • Registration fees of nominal capital exceeding 5,000,0000/= 1% of Share Capital
  • Stamp Duty costs  0.5% of share capital on new companies with share capital above 5,000,000/=

Local Company Limited by Guarantee – UGX 115,000/=

Incorporation of a Foreign Company – US$ 470

Relevant Work Permit Classes and Requirements

Class E: Manufacturers

NB: Applicants should be persons intending to engage in manufacturing business in Uganda
Application Requirements:

Fill work permit form

2 passport size photos

photocopies of passport

Attach Covering letter from company

Security bond

Company’s documents: Articles, memorandum and certificate of incorporation

Investment license

Certificate of incorporation

Bank statement

Trading license

Income tax clearance

Letter of good conduct from home country or Interpol in country of origin

What is the best thing to invest in in Uganda?

Top Small Business Investment Opportunities in Uganda

Real estate.

Small manufacturing industries.

Tourism and hospitality.

Transport services.

Trading.

Computer and internet services.

Solar energy.

Other services. Selling isn’t the only lucrative business in Uganda.