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Registering a company in Uganda in 2020

Key benefits of starting a business in Uganda:

  • Favorable conditions for conducting activities in the field of IT, medicine and mining;
  • 100% foreign ownership;
  • Tax incentives;
  •  Availability of qualified labor;
  • No requirements for an authorized capital;
  • It is possible to open a company without a personal visit.

Business registration – from €3,900

Company registration period – from 3 weeks

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Uganda is an independent landlocked country located in East-Central Africa.

Those, who are planning to register a company in Uganda and open an African corporate bank account, we recommend considering the following:

  • Languages: Swahili and English;
  • The capital is Kampala;
  • Population: more than 43 million people;
  • The neighboring states: Kenya, Tanzania, South Sudan, DR Congo and Rwanda;
  • Ugandan shilling (UGX) is the official currency;
  • The country is a member of AU, Non-Aligned Movement, IBRD, IMF, WTO, Commonwealth, OIC, ADB.

To learn more about the jurisdiction, you can ask for qualified advice on company registration process in Uganda from IQD Consulting specialists.

Best uses of the Uganda company

Those, who are intended to establish a company in Uganda and open a corporate account with a Uganda bank, we recommend considering the following business solutions:

  • Registering an agricultural company in Uganda (coffee, cocoa, tobacco, sugarcane, tea, bananas);
  • Setting up a mining company in Uganda (gold, coal);
  • Opening a Uganda export company;
  • Registering an IT company in Uganda.

Also, it can be profitable to set up a business in Uganda in the following economic areas:

  • Fishery;
  • Textile industry;
  • Food production;
  • Automobile industry;
  • Transport;
  • Medicine;
  • Chemical industry;
  • Construction industry.
Business entity types & taxation system

If you want to open a business in Uganda, then you can choose one of the following legal forms:

  • LLC;
  • PLC;
  • Branch.

Legal form

Corporate tax



Share capital




15% on dividends, royalties and interests










IQD Consulting experts propose you to register an LLC in Uganda as it is the most easy-to-manage legal form.

Read also:

Setting up a company in Uganda can be a good decision for the following reasons:

  • More than 10 DTA agreements with European and Arab countries;
  • Free repatriation of capital and profits;
  • According to the Doing Business 2020, the country ranked 80th in getting credit, 92nd in paying taxes, 77th in enforcing contracts;
  • The country does not participate in the automatic exchange of tax information (CRS).
How to register a Uganda company remotely

In order to open a company in Uganda, you will need the following:

  • Unique name of the company;
  • Founders: individuals or corporate bodies (two) of any nationality;
  • Company secretary;
  • Registered physical office;
  • Financial statements;
  • Business license.
Terms of registration: up to 7 weeks

You have an opportunity to set up a Uganda company without a personal visit and open a Uganda corporate bank account remotely.

Our experts propose you to take a closer look at the following banks:

  • Uganda Women’s Trust Bank;
  • Bank of Uganda;
  • Central Bank Uganda Extension.

IQD Consulting lawyers can provide you with personal advice on business organization process in Uganda and legal assistance in opening an account for a company in Uganda.

  • The information outlined in the article is actual at the time of its publication.

  • Please refer to our specialists for checking possible solutions for your business.

  • Still have any questions?

    Fill out the form or contact us as you find convenient. Our experts will help you resolve the issue.

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