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[ESTABLISHING A BUSINESS ENTITY IN UGANDA]
land. However, they can own a lease of up to 99 years, and this can be renewed. Non-Government Organizations There are different types of NGO’s that are registrable under Ugandan law. These include foreign and indigenous NGOs. These are charitable Institutions that operate to create impact within the communities for different reasons. Where one intends to incorporate a foreign entity in Uganda, these are directly registered with the NGO Bureau by filing the incorporation documents registered with the National Governmental Organization Bureau; - NGO Bureau. While an indigenous NGO would require obtaining a certificate of registration from the Uganda Registration Services Bureau and then file the incorporation documents with the NGO Bureau to obtain a permit of operation in Uganda. Other considerations 1) All entities are required to register or tax purposes under the Income Tax Act, Cap 338. 2) All entities save for some Partnerships that may have licenses obtained from regulatory bodies are required to apply for a Trade License. 3) All entities are now required to apply and obtain a registration certificate with the National Social Security Fund for social security purposes. 4) Any foreigners that may wish to work in Uganda should obtain a work permit through the Ministry of Internal Affairs. 5) An entity that may wish to obtain an Investment License can do so
through the Uganda Investment Authority. Several requirements, including a capital investment of USD 250,000, should be held. 2. STEPS AND TIMING TO ESTABLISH BUSINESS ENTITIES
Brief to incorporate/constitute each business vehicle. i) Steps for incorporating a sole proprietorship. 1. Reserving and registering of overview of steps business name and a statement of particulars with the Uganda Registration Services Bureau. 2. Applying for a Tax Identification Number with the Uganda Revenue Authority. 3. Applying for a trade license with the respective issuing agency. 4. Preparation and registration of a Board Resolution to open a bank account(s) filed with the Registrar of Companies. 5. Registering with the Personal Data Protection Office if business collects, process or controls people’s data. This process is undertaken with the National Information Technology Authority. sole proprietorship normally takes not more than ten days. 7. Registering with the Financial 6. Incorporating a intelligence Authority if the proprietorship is an accountable person under the Anti-Money Laundering Act, Cap 118. The list
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ILN Corporate Group – Establishing a Business Entity Series
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