Uganda is one of the Best countries to do Business in Africa because it has a stable Macro-Economic Policy, a Growing Internal Market with a Population of about 42 Million people and Accessible Regional Markets.
Uganda offers a wide range of business opportunities in many different sectors that include; Food processing, Real Estate & Construction, Manufacturing, Tourism and hospitality, Transport, Trading, Information technology services, Energy Sector.
Uganda has an Open Approach towards foreign Companies and Company Registration in Uganda is quite straight forward and Foreigners can register and own companies 100 %.
The Tax regime in Uganda is Simple and transparent and the Tax rate for personal Income ranging from 5 to 30 %, Corporation Tax is at 30% and Vat at 18%.
|Entity||Subsidiary Company||Branch Company|
|How Long does the Company registration process Take?||10 Days||10 Days|
|How long Does it take to Open Bank Account?||5 Days||5 Days|
|After how Long can you Invoice and Hire||15 Days||15 Days|
|Minimum Number of Directors and Shareholders||2||–|
|Foreigner Can own the Company 100%||Yes||Yes|
|Can the entity hire expatriate staff||Yes||Yes|
|Tax Registration Certificate required||Yes||Yes|
|Access to Uganda double Tax treaties||Yes||Yes|
|Can bid for Government Contracts?||Yes||Yes|
|Can Secure Trade Finance?||Yes||Yes|
|Can Secure an Import and Export Licence?||Yes||Yes|
|Can Easily Convert into a PLC?||Yes||No|
|Can Secure Work permits for foreign Employees and Directors?||Yes||Yes|
|Multi Currency Bank Accounts Available?||Yes||Yes|