Find all details for requirement to start a business, registration, licencing and operating a business in Uganda. This mandate is performed by the Uganda Registration Services Bureau.
rnrnRegistering a new company
rnPROCEDURES FOR REGISTERING LOCAL COMPANIES IN UGANDA
1. Private Limited Liability Company
rnrnMake an application for reservation of a Name
rnrn- rn
- upon payment of the required fee ,the suggested name, is subjected to a search in the business registry database. rn
- Once the name passes the similarity, defensive, offensive, desirability test then it is reserved. rn
- Reservation is valid for 30 days rn
File the required documents for registering a company
rna) The Form for Registration of a company.(This can be downloaded from our website)
rnb) Memorandum and Articles of association : If a company has memorandum and articles of association they must be registered.
The Memorandum of association must state the following:
rn• Name of the company
rn• Address
rn• Object clause
rn• Share capital
rn• Class, value and number of shares
rn• Subscribers, their occupation, postal address and the number of shares subscribed, in case of the company limited by shares
rn• Provision for the signature
rn• Must be dated and witnessed
rn• Where the subscriber to the Memorandum is a corporate entity, the seal of the company be appended
The standard format for the Memorandum of association is provided in the 3rd schedule to the Companies Act No.1 of 2012.
rn• Format for a company Limited by shares is provided for in Table B
rn• Format for a company Limited by Guarantee and not having share capital is in Table C
rn• Format for a company Limited by Guarantee and having share capital in is Table D
rn• Format for an Unlimited company having a share capital is in Table E
The Articles of Association provide the following information
rn• Sets down the rules that govern the internal management of the company
rn• It must be signed by the subscribers
rn• It must state the subscribers names, occupation and address
rn• It must be dated and witnessed
b) Company Form A1- Statement of Nominal capital
rnrn• This form is mandatory at the initial registration of the company
rn• Must state the share capital, number and class of shares, value of the shares
rn• Must be dated and endorsed by the person filing it
rn• Must be witnessed
c) Company Form A2-Declaration of compliance with the requirements of the Companies Act No.1 of 2012.
rnrn• This form is mandatory and it is a requirement that it signed by the declarant, dated and must be witnessed by a Commissioner for oaths
rnrnPayment of the necessary fees
rn• Assessment/payment registration of the necessary or required fee is available at the Business Registry or the client may use the self assessment option on the URA web portal
rn• Make payments in the bank
Present the documents for registration with the receipt
rn• Registration process begins
rn• Registration of a Public Company
rn• The procedure is as above however;
rn• In addition file a Prospectus or Statement in Lieu of Prospectus which must be cleared by the Capital Market Authority
rn• At the time of registration of articles of association,-a public company shall adopt Table F –Code of Corporate Governance
The Articles of Association will need to specify that the company shall invite the public to subscribe for shares.
rnrnPROCEDURES FOR REGISTERING FOREIGN COMPANIES IN UGANDA
rnThese are companies incorporated outside Uganda and are registered in Uganda
rnThe requirements/ procedure are;
rn1. File Memorandum and Articles of Association or any other document certified by the Registrar of Companies the Country of origin
rn2. File a certified copy of the certificate of incorporation
rn3. File company Forms A19,A20,A 21 and A22
rn4. Make the payment of registration fees and hand in the documentation for processing at the Business Registry.
For details, please contact URSB
rnrnUganda Registration Services Bureau
rnGeorge Street, Kampala
rnTel: +256 414 233 219
rnWebsite: http://www.ursb.go.ug
