What is needed to start a business in Uganda?

How do I start a business in Uganda?

Steps to Starting a business in Uganda

  1. Search for Business Name.
  2. Reserve the Business Name.
  3. Obtain Certificate of Incorporation.
  4. Obtain an Investment License.
  5. Obtain a Taxpayer Identification Number (TIN)
  6. Obtain a Trading License.
  7. Register with National Social Security Fund (NSSF)
  8. Make a Company Seal.

What is the easiest business to start in Uganda?

Our list includes the following:

  • #1. Gardening business. Gardening is a low-cost home business any Ugandan can afford. …
  • #2. Hairdressing business. Hairdressing is a profitable low-cost home business in Uganda. …
  • #3. Fish farming. …
  • #4. Chicken rearing. …
  • #5. Winemaking. …
  • #6. Professional services. …
  • #7. Blogging. …
  • #8. Making crafts.

How much do I need to register my business in Uganda?

BUSINESS REGISTRATION FEES

Service Details Costs (Ugx. & Us$)
Registration Registration Fees 24,000/=
Change of particulars 10,000/=
Search 2,000/=
Filing Fees 1,000/= per copy

How much does it cost to start a company in Uganda?

Uganda business incorporation costs in Year 1 amount to US$9,650 and annual company costs in Year 2 and thereafter amount to US$4,100. The average total fees per Uganda company setup engagement amounts to US$18,300, including Uganda business incorporation, company secretary and corporate bank account.

THIS IS INTERESTING:  What is the enterprise skills that you need to learn to improve yourself as an entrepreneur?

What is the best business in Uganda?

Top 10 Small Business Investment Opportunities in Uganda

  • Food processing.
  • Construction.
  • Real estate.
  • Small manufacturing industries.
  • Tourism and hospitality.
  • Transport services.
  • Trading.
  • Computer and internet services.

What business can I start with 500000 in Uganda?

With just 500000 Ugx you can startup a mobile money shop or work in a kiosk. Mobile money service providers like MTN and Airtel are assisting their mobile money agents by providing kiosks to work in, branding the mobile money shops, and also giving signages “posters” to advertise their shops and kiosks.

Is Uganda mobile money business profitable?

In the following year, a report revealed that telecom’s mobile money transfer services recorded a 44% growth in the value of transactions to UGX 63.1 trillion. … So let’s take a look at how to start a mobile money business in Uganda.

What are the requirements to register a company?

The Notice of Incorporation, which is lodged with the MoI, contains the following information:

  • Type of company.
  • Incorporation date.
  • Financial year-end.
  • Registered address (main office)
  • Number of directors.
  • Company name.
  • Whether the company name will be the registration number.
  • The reserved name and reservation number.

What is the fees for company registration?

Government fees for company registration

Nominal share capital Registration fees
Rs. 1,00,000 to Rs. 5,00,000 Rs. 5,000. Rs. 400 will be added for every increase of Rs. 10,000 of nominal share capital.
Rs. 5,00,000 to Rs. 50,00,000 Rs 21,000. Rs. 300 will be added for every increase of Rs. 10,000 of nominal share capital.

What are the requirements for business registration?

Register your business in the Bureau of Internal Revenue (BIR)

  • DTI Certificate of Registration.
  • Barangay Business Clearance.
  • Mayor’s Permit.
  • Certificate of Lease (if the place is rented) or Certificate of Land Title (if owned)
  • Government-issued identification (Passport, Driver’s License, Birth Certificate, etc.
THIS IS INTERESTING:  How do I qualify for business relief?
Tips for Entrepreneurs