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.
|Type||Limited Liability Company/Branch office|
|Under Ugandan law, foreigners can own||100%|
|Share Capital||300,000,000 Uganda shillings|
|Memorandum and Articles of Association||Yes|
|Can the entity hire expatriate staff in
|Tax Registration Certificate required||Yes|
|Statutory audit required||Yes|
|How long to open Corporate Bank Account||2 week|
|Timeframe to Incorporation||12-14 weeks|
|Access to Uganda double tax treaties||Yes|