Starting a business in Uganda can be a daunting task, especially if you are not familiar with the legal procedures involved. However, registering a business in Uganda is a relatively straightforward process. In this article, we will guide you through the steps required to register your business in Uganda.

Step 1: Choose a business structure

The first step to registering your business in Uganda is to choose the right business structure. There are several options available, including sole proprietorship, partnership, limited liability company, and public limited company. Each structure has its own advantages and disadvantages, so it is important to choose the one that best suits your business needs.

Step 2: Choose a business name

The next step is to choose a business name. The name you choose should be unique, easy to remember, and relevant to your business. You can check the availability of your chosen name by conducting a search on the Uganda Registration Services Bureau (URSB) website.

Step 3: Register your business name

Once you have chosen a business name, you need to register it with the Uganda Registration Services Bureau (URSB). You can do this online by visiting the URSB website or by visiting their offices in person.

Step 4: Obtain a Tax Identification Number (TIN)

All businesses in Uganda are required to have a Tax Identification Number (TIN). You can obtain a TIN by visiting the Uganda Revenue Authority (URA) website or by visiting their offices in person.

Step 5: Register for Value Added Tax (VAT)

If your business is expected to make taxable supplies in excess of Ugx 50 million per annum, you must register for Value Added Tax (VAT). You can register for VAT online by visiting the URA website or by visiting their offices in person.

Step 6: Register for a trading license

Step 1 of 2
Unlock complimentary case assessments, project assistance, document review, and other essential legal services
Generis Global

All businesses in Uganda are required to have a trading license. The requirements and fees for a trading license vary depending on the location of your business. You can obtain a trading license by visiting the local authority in the area where your business is located.

Step 7: Register for a business permit

If your business is involved in activities that require a permit, such as importation or exportation, you will need to obtain a business permit. You can obtain a business permit from the relevant government agencies.

Step 8: Register for social security

All employers in Uganda are required to register for social security for their employees. You can register for social security by visiting the National Social Security Fund (NSSF) website or by visiting their offices in person.

Step 9: Open a business bank account

Opening a business bank account is an important step in the registration process. It will enable you to receive and make payments, as well as keep your business finances separate from your personal finances.

Step 10: File annual returns

All registered businesses in Uganda are required to file annual returns with the Uganda Registration Services Bureau (URSB). Failure to file annual returns can result in fines or even the deregistration of your business.

In conclusion, registering a business in Uganda requires careful planning and adherence to the relevant legal procedures. Generis Global, our firm, can assist you with your business in the country. We have the expertise and experience to guide you through the legal requirements and help you with the necessary documentation. Please contact us to help you with the legal part of your business journey in Uganda.

 

GET STARTED WITH UGANDA

Whether for a quick question or a full legal strategy, we’ve got you covered.
Expert Attorneys on Demand!
Request Free Proposals
Expert Attorneys on Demand
Whether for a quick question or a full legal strategy, we’ve got you covered.
Request Free Proposals
Request Legal Assistance
Whether for a quick question or a full legal strategy, we’ve got you covered.
Expert Attorneys on Demand!
Request Free Proposals
Expert Attorneys on Demand
Whether for a quick question or a full legal strategy, we’ve got you covered.
Request Free Proposals