Why invest in Uganda? This question is always asked by investors and I'm sure this page will show you why you shouldn't miss a chance to make business in Uganda . Uganda is an attractive investment location of Africa due to strategic location, predictable and stable environment, abundant natural resources and a fully liberalised economy.
Step by Step to Set up a Business in Uganda
Foreign investors require a minimum investment of US$100,000 in order to secure an investment license from the Uganda Investment Authority.
For local investors, the minimum investment requirement is US$50,000. Local investors, however, may proceed with their investors without licensing with the Uganda Investment Authority.
As a new investor, you will need to go through the following steps to start up your investment in Uganda: -
Step 1 - Register your company in Uganda
Register your company in Uganda at the Registrar General's office and obtain the following documents: -
* Memorandum and Articles of Association * Certificate of Incorporation
Step 2 - Get your Investment License
Apply for an investment license using UIA Form 1 and attach the following:-
* Memorandum and Articles of Association * Certificate of Incorporation for (limited liability companies) * Business Plan
Normal processing time for an investment license is 2 - 5 days.
Step 3 - Secure necessary secondary clearances
As you proceed to implement your project, you may require certain secondary permits or clearances depending on the nature of your investment e.g. for mining activity, air transport, banking, forestry.
UIA can assist you to obtain such secondary licenses as well as get access to other services.
UIA can also assist you in obtaining suitable industrial land, work permits for your expatriate staff, and utilities like telephone, electricity and water.
Sep 21, 14 03:38 PM
Sep 03, 14 12:32 AM
Sep 03, 14 12:24 AM
New! CommentsHave your say about what you just read! Leave me a comment in the box below.