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[ESTABLISHING A BUSINESS ENTITY IN UGANDA]
not more than ten days. 7. Registering with the Financial intelligence Authority if the proprietorship is an accountable person under the Anti-Money Laundering Act 2013. The list of accountable persons includes; brokers, dealers or investment advisors licensed under the Capital Markets Authority Act Cap 84.
institutions registered under the Financial Institutions Act 2004, brokers, dealers or investment advisors licensed under the Capital Markets Authority Act and insurance companies licensed under the Insurance Act 2017. Registration Certificate with the National Social Security Fund. a 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 9. Obtaining Data Protection Office where the company collects personal data. Registration Certificate with the National Social Security Fund. 8. Registering with the Financial 7. Obtaining a 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 providers, financial institutions registered under the Financial Institutions
ii)
Steps
for
incorporating
a
iii)
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 also be used for the Partnership.) 4. Applying for a trade license. 5. Opening a bank account(s). 6. Registering with the Personal Data and Protection office where the partnership collects, process 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 2013. The list as already mentioned includes; NGO’s, churches, real estate agents, dealers in precious metals, trusts and company service providers, financial
ILN Corporate Group – Establishing a Business Entity Series
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