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[ESTABLISHING A BUSINESS ENTITY IN UGANDA]
Capital Markets Authority Act, Cap 64.
brokers, dealers or investment advisors licensed under the Capital Markets Authority Act and insurance companies licensed under the Insurance Act, Cap 191. Registration Certificate with the National Social Security Fund. a
ii) Steps
for
incorporating
a
Partnership 1. Reserving and registering a business name 2. Preparation and filing of a Partnership Deed with the Uganda Registration Services Bureau. 3. Applying for a tax identification number (where any of the partners has a TIN, it can as well be sued for the Partnership.) 4. Applying for a trade license, where the Partnership is not one for lawyers, who are required to obtain a license from the Uganda Law Council. 5. Opening a bank account(s). 6. Registering with the Personal Data and Protection office where the partnership collects, processes or controls people’s data. 7. Incorporating a partnership normally takes not more than ten days. 8. Registering with the Financial intelligence Authority if the partnership is an accountable person under the Anti-Money Laundering Act, Cap. 118. The list as already mentioned includes; NGO’s, churches, real estate agents, dealers in precious metals, trusts and company service providers, financial institutions registered under the Financial Institutions Act, Cap.57,
9. Obtaining
iii) Steps for incorporating a local Company;
1. Reserving and registering a business name 2. Filing the Memorandum and Articles of Association and accompanying forms with the Uganda Registration Services Bureau. 3. Obtaining a Tax Identification Number 4. Obtaining other relevant trade license 5. Obtaining a bank account(s) 6. Registering with the Personal Data Protection Office where the company collects personal data. 7. Obtaining a Registration Certificate with the National Social Security Fund. 8. Registering with the Financial intelligence Authority if the company is an accountable person under the Anti- Money Laundering Act 2013. The list includes; NGO’s, churches, real estate agents, dealers in precious metals, trusts and company service
ILN Corporate Group – Establishing a Business Entity Series
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