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Uganda

SET UP A BUSINESS IN UGANDA

Uganda officially named as the Republic of Uganda, It is a landlocked country in East Africa. It is bordered on the east by Kenya, on the north by on the west by the Democratic Republic of the Congo, South Sudan, on the southwest by Rwanda, and on the south by Tanzania. Uganda is the 2nd most populous landlocked country. Uganda is a great place to start a business. It is known as “The Pearl of Africa,” the economy of Uganda is shining and booming once again. With an economical growth of 7% every year, it is one of the greatest business markets to get start in.

Scroll down for more information on Company Formation in Uganda.

Company Formation in Uganda

  • A Limited Liability Company can be set up with the share capital of 300,000,000 Uganda shillings.
  • An LLC required a minimum of two shareholders and Minimum of two directors.

Company Registration in Uganda – Licensing

  • Uganda Investment Authority has launch an one stop centre named Uganda Registration Services Bureau which is responsible to issue business license

Accounting and Tax for Company Registered in Uganda

  • Personal tax rate is up to 5% to 30%.
  • Corporate tax rate is 30% and capital gain tax rate is 30%
  • Value added tax rate is 18%
Type Limited Liability Company/Branch office
Under Ugandan law, foreigners can own 100%
Share Capital 300,000,000 Uganda shillings
Directors Minimum Two
Shareholders Minimum Two
Memorandum and Articles of Association Yes
Can the entity hire expatriate staff in
Uganda		 Yes
Tax Registration Certificate required Yes
Statutory audit required Yes
Secretary No
How long to open Corporate Bank Account 2 week
Timeframe to Incorporation 12-14 weeks
Annual Return Yes
Annual Tax Yes
Access to Uganda double tax treaties Yes

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