1.Where do we go to obtain approvals to set up an investment in Uganda?
To set up an investment in Uganda, foreign investors need to obtain an investment license from the Uganda Investment Authority (UIA). Local investors are not obliged to license according to the current Code but the investment license gives the local investors access to various benefits, especially when importing plant and machinery.
2.How do we get approvals to set up investment in Uganda?
Steps to follow are:
• Register your company in Uganda with the Uganda Registration Services Bureau under the Ministry of Justice and Constitutional Affairs where you obtain the Memorandum and Articles of Association, and a Certificate of Incorporation.
• Get your Investment License: You apply for an investment license using Form UIA 1 and attach the documents under (a) plus a brief business plan. Form UIA 1 can be downloaded from the UIA website.
• Secure necessary secondary licenses: Certain sectors require other secondary licenses (i.e. mining activity, drug manufacture, air transport, banking, forestry, etc.). UIA can assist you to secure these licenses within reasonable time. However, though UIA can help with this process, it is the responsibility of each investor to identify, and comply with, all requirements of obtaining the permits, licenses and approvals required under Uganda law
24.How can I become a member of UIA?
The UIA is not a membership organization and its doors are open to both licensed and unlicensed projects for consultation on issues concerning investments, and private sector development in the country.
Uganda-UK Trade and Investment Convention (UCUK) © 2020 - 11th-11th September 2020
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