Incorporation Services and Company Registration Consultants in Uganda
With Experienced Legal Practitioners in Uganda, we pride ourselves on many years of company formation experience. Our Company is uniquely placed to help you get your new business started in Uganda, whether you live here already, or are a non-resident.
In Uganda, a Company is recognized as a legal person which has the capacity and powers to act on its own (i.e. the law sees a company in the same light as a natural person) created under the Companies Act No.1 of 2012 which provides the legal framework under which companies can be formed for legal purposes.
Formally register any form including Sole Proprietorship, Partnership, Private Limited Liability Company, Private Limited Company by Guarantee (NGO/CBO/Business Associations), Public Company/organization/Statutory Corporation, and Cooperative Society.
Uganda is an ideal place to expand your business, not only because of the tax exceptions in the country but also due to the growing business landscape and the promise of a booming economy.
It has become an even more attractive country to invest in following the recent initiative of the government that allows foreign entrepreneurs to have full ownership of their businesses.
That being said, we would like to offer you our business consultancy services, from set-up and marketing services to establish your profitable business in Uganda. Together with collaboration from Houston Executive Consulting, with our business knowledge and expertise in the region, we hope to aid you in your journey to setting up operations here in Uganda.
Though, of course, we acknowledge the potential red tape and obstacles you might encounter in the set-up process, and thus, we hope to guide you and simplify the procedure as much as we can.
If at any point you wish to get a free consultation of the official requirements and procedure of setting up in Uganda, feel free to send us an email or visit our website at https://heconsulting.us. Any form of collaboration with us will also be well received.
We can help you to Register a Local Company or a Foreign Company with the agencies listed below;
- Registering a Company or Business at Uganda Registration Services Bureau (URSB) to Obtain Certificate of Incorporation
- Registration with Uganda Revenue Authority to Obtain a Taxpayer Identification Number (TIN)
- Registration with Kampala Capital City Authority (KCCA) to Obtain a Trading License
- Registration with Posta Uganda to be allocated a Post Office Box Number e.g. P.O. Box 27815, Kampala – Uganda
- Register with National Social Security Fund (NSSF)
- Registration with Public Procurement and Disposal of Assets Authority (PPDA)
- Registration with the National Supplier Database (NSD) For The Oil and Gas Sector in Uganda
- Workplace Registration with the Ministry of Gender Labour and Social Development (MGLSD)
- Registration with the Uganda Investment Authority (UIA) to obtain an Investment License
- Assistance & Advice on joining a Sectoral or Business association like Federation of Uganda Employers (FUE), Uganda Manufacturers Association (Click to Learn More).
Business Advisory Services to Accelerate your business performance in East Africa with Houston Executive Consulting. We support international organizations that set up in Uganda and East Africa to ease their transition to this market, by ensuring their administrative compliance and boosting their performance.
We work to maximize your organization’s chance of success in the region thanks to our holistic approach and field expertise. Houston Executive Consulting provides a strategic insight into the local business environment throughout East Africa to ensure that you can achieve your goals.
We advise you on administrative compliance, best practices, and your staff mobility so that your company can start performing as soon as possible. Our mission is to help you work in compliance from the beginning while your staff focuses on developing business.
Our portfolio of clients includes several international organizations that trust our professionalism. Houston Executive Consulting stands by you and your company as long as you deem necessary.
Registering a Local Company
While we support you to register a Local Company limited by Shares, we shall need to Reserve the name to be used and then file the following documents with the Registrar of Companies:
- Companies Registration Form (s.18)
- Memorandum and Articles of Association (if any)
- Other Company forms
- A1 – Statement of Nominal Capital
To register a Local company limited by guarantee, we shall reserve the name to be used and then submit the following documents with the Registrar of Companies:
- Company Registration Form (s.18)
- Memorandum and Articles of Association;
When you have all the documents ready, pick assessments forms from our office or do a self-assessment and pay registration fees and stamp duty. Upon registration, the Registrar will issue a certificate of incorporation within two working days.
After the company has been registered, the following forms must be filed (Company Returns).
- Company Form 20 – Particulars of Directors and Secretaries (Within 14 days)
- Company Form 18 – Notice of Situation of Registered Office & Postal Address (within 14 days)
- Company Form 10 – Return of allotment (within 60 days)
- Form of Annual Return for a company limited by shares (to be filed once every year).
Registration of a Foreign Company
This refers to a company that is incorporated in another country. If such a company wishes to carry out business in Uganda, it must be registered. To register a foreign company, the following documents are required:
- Certified copies of Memorandum of Articles of Association/Charter/ Constitution and Certificate from the country of origin duly witnessed.
- Registration forms:
- Form 24 – Particulars of Directors and Secretary
- Form 13 – Statement of all subsisting charges
- Form 25 – List of Names and Address of Persons Resident in Uganda authorized to accept service on behalf of the company.
- Form 26 – Address and Principle Office of Company.
When we have assembled all the documents, we conduct a self-assessment or pick assessment forms from the URSB office and pay the necessary fees. Upon registration,
The registrar will issue a certificate of registration within two working days.
SECURING THE NECESSARY SECONDARY CLEARANCES AND COMPLIANCE REQUIREMENTS
- Making a Company Seal
- Registration of Powers of Attorney
- Distinctive Mark Application & Purchase of Standards from UNBS
Some of the sectors in Uganda require secondary licenses or clearances to commence business. We can also help you or offer advice on how your company can get these. Some of them include;
License by the National Information Technology Authority – Uganda (NITA-U). This is in case you will be operating an Information Communication Technology (ICT) Company.
Other sectors that may need secondary clearances include mining, air transport, banking, telecommunication, etc.
UNDERSTANDING WHAT A COMPANY IS
Many people who visit our website and read this content have a business idea and they want to form a company. A business idea is a concept that can be used for financial gain that is usually centered on a product or service that can be offered for money. An idea is the first milestone in the process of building a successful company.
What is a Company
A company is a registered association that is a legal person having an independent legal entity with perpetual succession, a common seal for its signatures, a common capital comprised of transferable shares, and carrying limited liability.
It is also easy to explain a company as being a legal entity representing an association of people, whether natural, legal, or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals
Hence, to understand the meaning of a company, it is important to look at the distinctive features;
KEY FEATURES OF A COMPANY
A Company is a Separate Legal Entity
One of the most distinctive features of a Company, as compared to other organizations, is that it acquires a unique character of being a separate legal entity. Hence, when you register a company, you give it a legal personality with similar rights and powers as a human being.
The existence of a company is distinct and separate from that of its members. It can own property, bank accounts, raise loans, incur liabilities and enter into contracts. According to Law, it is altogether different from the subscribers to the Memorandum of Association.
Perpetual Succession
Another important feature of a Company is that it continues to carry on its business notwithstanding the death of change of its members until it is wound up on the grounds specified by the Act. Further, the shares of the company change hands infinitely, but that does not affect the existence of the company.
Limited Liability
One of the important features of a company is the limited liability of its members. The liability of a member depends on the type of company.
In the case of a limited liability company, the debts of the company in totality do not become the debts of its shareholders. In such a case, the liability of its members is limited to the extent of the nominal value of shares held by them. The shareholders cannot be asked to pay more than the unpaid value of their shares.
In the case of a company limited by guarantee, members are liable only to the extent of the amount guaranteed by them. Further, this liability arises only when the company goes into liquidation.
Finally, if it is an unlimited company, then the liability of its members is unlimited too. But such instances are very rare.
Artificial Legal Person
Another one of the features of a company is that it is known as an Artificial Legal Person.
- Artificial – because its creation is by a process other than natural birth
- Legal – because its creation is by law, and
- Person – because it has similar rights to a human being.
- Further, a company can own property, bank accounts, and do everything that a natural person can do except go to jail, marry, take an oath, or practice a learned profession. Hence, it is a legal person in its own sense.
It is a non-human entity that is recognized by law as having legal rights and is subject to obligations.
Since a company is an artificial person, it needs humans to function. These humans are Directors who can authenticate the company’s formal acts either on their own or through the common seal of the company.
Company Formation Made Effortless. Register your Limited Company with the Uganda’s Leading Company Formations Agent.
Send us an email at info@heconsulting.us
Live Chat on WhatsApp: +256782825945
Call Directly via +256700801771
Other Useful Web Resources
The Main Reasons Why You Should Register Your Workplace in Uganda
How to Register a Company in Uganda
Facebook Posts
