UgandaWe assist global clients looking to do business in Uganda with the A to Z of business setup without the need for the client to travel to Uganda . Some of our services include:
Regulatory licenses across all sectors
Provision of nominee directors and shareholders
Recruitment and employee hiring
Virtual/Physical Office space solutions
Employment and residency visas
The most common corporate structures preferred by foreign investors setting up in Uganda include i) the limited liability company (LLC/LTD) and ii) the branch office. See detailed comparison below:
Advantages and disadvantages of Uganda business setup:
- Robust mining industry with abundance of natural resources including gold, diamonds, iron ore, nickel and other rare earth metals.
- An LLC requires only one shareholder and director a no mandatory minimum share capital.
- Availability of global banking institutions and absence of foreign exchange controls that make capital repatriation and general international remittance easy for foreign investors.
- Companies incorporated within the East African Community are considered local business in Uganda.
- Foreigners are exempted from import duties and sales tax on any plant, machinery, equipment, vehicles or construction materials imported for an investment project.
- Unrestricted foreign ownership of investments and partnerships with Ugandan nationals, except in the lease or ownership of land for crop or animal production.
- Inefficient government services due to unnecessary bureaucracy.
- High levels of corruption in both the private and public sectors.
- Limited road and rail infrastructure, including connectivity in both urban and mainly in rural areas.
- Hiring qualified staff is challenging for foreign investors due to lack of specialized skills.
- Political uncertainty in Uganda as the country looks at a potential transition of power from the current ruling president who has been in power since 1986.
Important links:
Company incorporation steps in Uganda:
- Choosing a company name: Girimba Consultants shall ensure the name is unique and complies with Uganda regulations and shall reserve the name with the registration office.
- Prepare incorporation documents: We shall draft the Memorandum and Articles of Association and other documents and have the Client append their signatures.
- Submission of documents to the Ministry of trade: Girimba Consultants shall submit the incorporation documents to the Ministry of trade Uganda .
- Certificate of Incorporation: The Certificate of Incorporation shall be Issued by the Kenyan Trade Registry.
- Trade Licenses and Permits: Our Team shall obtain the requisite industry specific licenses and permits for the company.
- Registration for Social Security: Girimba Consultants shall register the Company with the Ugandan Social Protection System for employee’s contributions and other agencies.
- Registration for Payroll Tax: Our Team will also register the Company with the UgandanTax Administration.
- Opening a bank account: Our Team shall help our Client open a Bank Account with a top tier bank in Uganda .
Girimba Consulting conducts business with openness, transperancy and honesty.We respect and uphold our Clients’ confidentiality, we offer quality service at affordable rates. Contact us for professional solutions.
Clarence S. Carlos
Regional Cordinator
Clarence is our regional cordinator and head of business setup secretariat.