Steps to Register a Company in Uganda.
Steps to Starting a business in Uganda
|1||Company name Reservation with Uganda Registration Service Bureau(URSB)||URSB||Ug.X 20,000 & Ug.X 2,200 bank fee||Company name assessment forms|
|2||Membership Subscription with Uganda National Chamber of Commerce(UNCCI)||UNCCI||Annual subscription as per categoryAssociate =1,100,000/-
Gold = 510,000/-
Silver = 260,000/-
|-Certified Name Reservation Form-Business Case
-Passport copy & Photo of one of the directors
|3||Company Registration to obtain the Certificate of Incorporation||URSB||– Registration fees: UGX 20,000– Stamp duty: 0.5 % of the share capital
– Stamp Duty on Memorandum & Articles of Association: UGX 35,000
– Filing Fees: UGX 25,000
– Filing Form A3: UGX 20,000
– Filing Form 7/20: UGX 20,000
– Filing Form A9: UGX 20,000
-Filing Form A2: UGX 10,000
|– -Company Books
– Memorandum of Agreement
– Articles of Association
– Declaration of companies.
– Form A1:
– Form A2:- Form A3:- Form 7:– Form 9A:
– Company Resolutions:
|4||Register for a Tax Identification Number (TIN) with Uganda Revenue Authority (URA).||URA||No charges. The TIN application can be completed online on the website URA: ww.ura.go.ug.||Personal inquiry form for each director.|
|5||Register for VAT with Uganda Revenue Authority (URA) if the company has a threshold of over 50,000,000 shillings.||URA||No charges.||Statement of Nominal Fapital Form that states share capital, number and class of shares, value of the shares.|
|Register for the trading license with the Municipal Authority where the company premises are located||Municipal Authority eg. Kampala Capital City Authority(KCCA)||Charges depend on the nature of business and grade. Its assessed by Municipal Authority / KCCA||– Memorandum of Understanding and Articles of Association,– Form 7: With the name of the directors,
– Certificate of incorporation,
– Lease/ Tenancy agreement.
|7||Register with the National Social Security Fund (NSSF). All employers with more than 5 employees are obliged to pay an NSSF contribution of 10% to their employees.||NSSF||No charges|
Additional Items a Company needs to operate well:-
A Company Seal
Agency: Seal Maker
Period: 1 Day
Cost: UGX 225,000
It’s manadatory to have company seal. Section 117 (b) of the companies Act 2012 provides that every Company shall have its name engraved in legible letters on its seal which shall take the form of embossed metal die.
Openning a Bank Account
When you have all the official documents for doing business in Uganda, you can then open up a current account for the company in any commercial bank. Some of the requirements for opening a bank current account include:-
- Tax Identification Number (TIN)
- Certified Certificate of Incorporation.
- Certified Memorandum of Understanding and Articles of Association,
- Company form 7 or 19,
- A Trading License
- A company resolution on a headed paper to open up an account.
- An official letter to the Bank Manager requesting to open up an account
- Plus a specified minimum opening amount
Physical Offices or Premises
You need premises from where to operate smoothly your need business or industry. Ecoland Property Services is a provider for all types of business buildings or space. You can work on the physical address before you fullfill most of the above-mentioned steps for doing business or setting up an industry in Uganda.
Post Office Box Number
It’s professional for any company in Uganda to have a Post Office Box Number through which parcels, documents or physical items can be addressed to it.
Stamp and Logo
A Stamp or a Logo offer a corporate look for the company. You need a stamp and logo that will always appear on the company documents and other assets.
Recruitment of Staffs
After meeting all the legal requirements to do business in Uganda, you then embark of recruiting all categories of manpower that you need to run the company.
In case you need further clarifications, don’t hesitate to contact us for any form of assistance within our means.