Company Registration Process in Uganda
Company Registration Process in Uganda
Company Registration Process in Uganda
Company
Reservation Ug.X 20,000 &
name
with Uganda URSB Ug.X 2,200 bank
assessment
Registration fee
forms
Service
Bureau(URSB)
Annual
subscription as -Certified
per category Name
Associate Reservation
Membership =1,100,000/- Form
Subscription with -Business Case
2 Uganda National UNCCI Gold =
chamber of
510,000/- -Passport copy
Commerce(UNCCI)
& Photo of one
Silver = of the directors
260,000/-
Filing Form
A3: UGX
20,000
Filing Form
7/20: UGX
20,000
Filing Form
A9: UGX
20,000
1
-Filing Form
A2: UGX
10,000
No charges.
Register for a Tax The TIN
Identification application can Personal
4 Number (TIN) with URA be completed inquiry form for
Uganda Revenue online on the each director.
Authority (URA). website URA:
ww.ura.go.ug.
Statement of
Register for VAT
Nominal capital
with Uganda
Form that
Revenue Authority
states share
(URA) if the
5 URA No charges. capital,
company has a
number and
threshold of over
class of shares,
50,000,000
value of the
shillings.
shares.
Memorandum
and articles of
association,
Form 7: the
Charges
Register for the depend on the
name of the
trading license with Municipal nature of directors,
the Municipal Authority eg. business and
6 Authority where Kampala Capital grade. Its Certificate
the company City assessed by of
premises are Authority(KCCA) Municipal
located Authority /
incorporation,
KCCA
Lease/
Tenancy
agreement.
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REGISTERING A NEW COMPANY
PROCEDURES FOR REGISTERING FOREIGN COMPANIES IN UGANDA These
are companies incorporated outside Uganda and are registered in Uganda The
requirements/ procedure are; 1. File Memorandum and Articles of Association
or any other document certified by the Registrar of Companies the Country of
origin 2. File a certified copy of the certificate of incorporation 3. File company
Forms A19, A20, A21 and A22 4. Make the payment of registration fees and hand
in the documentation for processing at the Business Registry.
Foreign company
Visa requirements
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a visa to visit Uganda varies according to the visitors country of
origin. Ugandan visa policy is based on the principle of reciprocity i.e
all countries that require visas for Ugandans are also subject to visa
requirements in Uganda.
Taxation of companies
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(2) For the purposes of subsection (1)(a) a person deals with a
company if he or she is a party to any transaction or other act to
which the company is a
party; and
(b) a person shall be presumed to have acted in good faith unless
the contrary is proved.
(4) Subsection (1) does not affect any right of a member of the
company to bring proceedings to restrain the doing of an act which
is beyond the powers of the directors; but no such proceedings shall
lie in respect of an act to be done in fulfillment of a legal obligation
arising from a previous act of the company.
(5) Subsection (1) does not affect any liability incurred by the
directors or any other person, by reason of the directors exceeding
their powers.
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252. Documents to be delivered to the registrar by foreign
companies carrying on business in Uganda.
(2) The list referred to in subsection (1) (b) shall contain the
following particulars with respect to each director and secretary
(a) in the case of an individual, his or her present first name and
surname and any former first name or surname, his or her usual
postal address, his or her nationality and his or her business
occupation, if any; and
(b) in the case of a corporation, its corporate name and registered or
principal office and its postal address, except that where all the
partners in a firm are joint secretaries of the company, the name
and principal office of the firm may be stated
instead of the particulars mentioned in this subsection.
(3) Section 228(11) (b), (c) and (d) shall apply for the purpose of the
construction of references in subsection (2) to present and former
first names and surnames as they apply for the purpose of the
construction of those references in that section.
(4) Where a charge, being a charge which ought to have been
included in the statement required by subsection (1)(c), is not so
included, it shall be void as regards property in Uganda against the
liquidator and any creditor of the company.
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be conclusive evidence that the company is registered as a foreign
company under this Act.
(2) Upon registration of a foreign company under this Act, the
provisions of this Act shall with the necessary modifications apply to
the foreign company as they apply to a company incorporated
under this Act.
(3) From the date of registration under this Act, a foreign company
shall have the same power to hold land in Uganda subject to the
Constitution, the Land Act and the Investment Code Act, as if it were
a company incorporated under this Act.
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(b) the time within which those particulars and copy are to be
delivered to the registrar shall be sixty days after the date of
execution of the charge by the company or in the case of a deposit
of title deeds the date of the deposit.
(1) Every foreign company shall, in every calendar year, make out a
balance sheet and profit and loss account and, if the company is a
holding company, group accounts, in such form, and containing
particulars and including documents, as under this Act, subject, to
any prescribed exceptions, it would, if it had been a company within
the meaning of this Act, have been required to make out and lay
before the company in general meeting, and deliver copies of those
documents to the registrar for registration.
(2) A foreign company shall not be obliged to comply with
subsection (1) if
(a) it was incorporated in any part of the Commonwealth;
(b) it would, had it been incorporated in Uganda, have been exempt
from section 135 by virtue of subsection (5) of that section; and
(c) in every calendar year there is delivered to the registrar for
registration a certificate signed by a director and the secretary of
the company verifying the conditions required for the exemption.
(3) Where a document mentioned in subsection (1) is not written in
the English language, there shall be annexed to it a certified
translation there of.
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appears and which are issued or sent by the company to any person
in Uganda, state in legible letters with respect to every director
being a corporation, the corporate name, and with respect to every
director, being an individual, the following particulars
(a) his or her present first name, or the initials of that name, and
present surname;
(b) any former first names and surnames;
(c) his or her nationality.
(3) Where special circumstances exist which render it in the opinion
of the registrar expedient that the exemption should be granted, the
registrar may by order grant, subject to such conditions as may be
specified in the order, exemption from the obligations imposed by
subsection (2).
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not within three months receive any reply, he or she may strike the
name of the company off the register.
Market
Land acquisition
Local investors and Ugandan citizens can own land while foreign
investors are restricted to long term leases, usually from five to 99
years. Land can be obtained from private owners, local councils and
other government agencies. A company may also decide to simply
hire land for its intended purpose. Land within the city is scarce. It is
advisable that the company retains an attorney or reputable real
estate company to identify land that is suitable for intended
activities.
Labour relations
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There are several labour laws in place that are intended to protect
both the employer and the employee. The labour laws include; The
Employment Act, Occupational Safety and Health Act, The Workers
Compensation Act and The Labour Disputes (Arbitration and
Conciliation) Act. The local labour force is plentiful and cheap. Trade
unions are not yet strong although collective bargaining agreements
are in force with some companies.
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