Step-by-Step Guide: How to Register a Company in Uganda
How to Register a Company in Uganda
Company registration in Uganda is generally a straightforward process, but it can be made even easier through online registration platforms. While manual registration is still possible, utilizing online platforms can significantly streamline the process and reduce the time and effort required.
The Uganda Registration Services Bureau (URSB) offers an online company registration portal where you can submit your application, upload required documents, and track the progress of your registration. This online platform provides convenience and efficiency, allowing you to complete many of the steps without the need for physical visits to government offices.
A Step-by-Step Guide to Registering a Private Limited Company in Uganda;
1. Choose a Business Name:
- Conduct a thorough search to ensure the name is available.
- Reserve the name with the Uganda Registration Services Bureau (URSB). https://ursb.go.ug/
Name reservation is valid for 30 days.
2. Prepare Necessary Documents:
- Articles of Association: Outline the company’s structure, objectives, and rules.
- Memorandum of Association: Contains basic information about the company, such as its name, registered office, and objects.
- Identification Documents: Provide copies of the identification documents of directors and shareholders.
- Proof of Registered Office Address: Submit proof of a physical address in Uganda.
- Payment of Fees: Pay the required registration fees.
- At least three proposed names of the company.
3. Submit Application:
- Submit your completed application form and supporting documents to the URSB and pay the statutory fees.
4. Obtain Approval:
- The URSB will review your application and approve it if it meets all requirements.
5. Obtain Certificate of Incorporation:
- Once approved, you will receive a Certificate of Incorporation, establishing your company as a legal entity.
6. Register for Taxes:
- Register your company with the Uganda Revenue Authority (URA) to obtain a Tax Identification Number (TIN).
7. Open a Corporate Bank Account:
- Open a bank account in Uganda for your company’s financial transactions.
Additional Considerations:
- Foreign Investment: If you are a foreign investor, you may need to comply with additional regulations or obtain specific permits.
- Professional Guidance: Consulting with a legal or business professional can streamline the process and ensure compliance.
By following these steps and seeking professional advice, you can successfully register your private limited company in Uganda.
If you would like to register a company in Uganda, please contact us on clientservice@afrilinkconsultants.com
FAQS;
What are the common business structures in Uganda?
- Sole proprietorship, partnership, limited liability company (LLC), and public limited company (PLC).
How long does it take to register a company in Uganda?
- The process typically takes a 5-10 working days, but it can vary depending on the complexity of your application.
What documents are required for company registration in Uganda?
- Articles of association, identification documents of all shareholders and directors, proof of registered office address, and three proposed names of the business.
How do I reserve a business name in Uganda?
- Conduct a name search and submit a name reservation application to the Uganda Registration Services Bureau (URSB).
Can I register a company online in Uganda?
- Yes, the URSB offers an online registration portal.
What taxes are applicable to businesses in Uganda?
- Corporate income tax, value-added tax (VAT), withholding tax.
How do I register for taxes in Uganda?
- Register with the Uganda Revenue Authority (URA) after obtaining your Certificate of Incorporation.
What are the labor laws and regulations in Uganda?
- Familiarize yourself with labor laws governing employment contracts, minimum wage, and working hours.
