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Getting and processing work permits in Uganda

Starting a business or investment or just working in Uganda is a great and exciting experience, however the legalities of doing, setting up business and getting work permits can be difficult to foreigners especially if not informed or with no guide. (Always seek NBK-PREMIER SOLUTIONS LTD for quick and efficient guide – CALL/WHATSAPP – +256 704 597816 ) .All foreign nationals intending to work in Uganda must ensure that they are in possession of the relevant work permit. There are many work permit categories In Uganda ranging from Trade, mining, professionals, missionaries, contractors, etc. The requirements for the different categories / classes of work permits differ. For this article we will stick to business and investment related permits. WHY UGANDA FIRST OF ALL?, Uganda enjoys a unique location at the heart of Sub-Saharan Africa within the East African region and lies astride the equator. The country is bordered by Sudan in the north, Kenya in the east, the United Republic of Tanzania in the south, Rwanda in the southwest and the Democratic Republic of Congo in the west. This land linked position, gives the country a strategic commanding base to be a regional hub for trade and investment. Uganda enjoys

What you want, wants you – to seek for it!

The biblical Matthew 7:7, Jesus said; “Ask and it will be given to you; seek and you will find; knock and the door will be opened to you”. By far this the best verse in the bible that i remind myself everyday. Not from a theoretical perspective but it clearly defines that what we want also wants us and we can find it if we seek it. I have actively applied many of the life changing principles from the Bible into my consciousness engineering and conditioning and i can show radical results. With that appetizer, let’s proceed with the article.. Some time around June, last year (2019), I passed by the grocery shop and bought grape juice and some bread , I needed them badly but the brand I found didn’t taste well, given that I was with some mild malaria, so my appetite was so low. In such a misgiving, i went to the small shop outside our residential block to ask if they had juice and bread that would taste for me good. Unfortunately, they didn’t have too. As I headed back to our block, a young single mother well known to me in our ghetto residence greeted me

Things to Consider while Selecting a Business Name

The starting point of every business, company, brand and any legal structure we know is the business name. All the brands that stand out in our minds are names that were created by the founding team. A company name determines some big percentage of what perception it will create in the minds of the people. Choosing a good business name is very important and it’s key to differentiating you from your competition. Where as industries can have varying business name needs but there are some key things that remain key considerations. These key considerations are not an auto button for business to be successful but truthfully a good name makes some difference. Matched better with quality service, a good business name can take you miles. In my work as a Consultant & Entrepreneur, i realize some people choose their business names basing on emotional grounds (their father’s, mother’s, wife’s or child’s name or even their own name, memories, events, milestones, trends, etc). Some other people prefer to choose names that inspire while some other will go with names they want to portray good qualities about the business. Whatever name you choose, and for whatever reason, is totally up to you

Registering a Company/Business in Uganda

Uganda is ranked as one of the best investment & business destinations in Africa and as well one of the most entrepreneurial countries in the world. You may be one of the many people intending to start operating a business in Uganda. Whether a foreigner or native, there are easy steps to getting legally operational ranging from registration, licencing, taxation, etc. The first step is registration and it is what we will focus on in this article. Company Registration The regulatory body responsible for business registration is the Uganda Registration Services Bureau (URSB) To register a local company or business in Uganda doesn’t cost much time and resource. If you use consultants like NBK-Premier Solutions on process guide, it becomes even more easier and faster. A local company in Uganda is one that is incorporated and registered in Uganda regardless of the origin of subscribers. It was now made easy in a way that even one person(shareholder) can register a limited liability company unlike in the past when two or more shareholders were needed to form a company. STEP BY STEP GUIDE* The information and process required for the incorporation of a local company is as follows according to URSB;

How to Obtain a Money Lending Licence in Uganda

Venturing into a money lending business is a good profit-guarantee idea especially in this economic slow down where people need money for emergencies. You need to define your market if you want to be competitive. It will be best if you will be starting up under legal obligations and that’s by obtaining a money lending licence is critical. The money lending business is one of the growing industries due to the fact that people are now being affected by the increasing need to address financial emergencies. Money lending businesses usually provides people the opportunity to gain emergency financial help within less time and at no hassle. If you think about starting your own money lending business but you fear that it will not work, then probably you are missing an opportunity to profit, start today. The most common lending in Uganda is of quick loans starting from 100,000 UGX to 20,000,000 UGX issued upon providing security of sell-able items like computers and laptops, cars, motorcycles, land and more fast moving items. There is also lending for the big sums from 50m to billions. It is all same category and regulated and licenced the same. Under the laws of the government

Great People Start Before They Feel Ready

Taking the first step is by far the most difficult thing to do in achieving any dream. There are a lot of mental, physical, psychological, spiritual , everything obstacles that make it difficult to take that first step.You should not wait until the situation is perfect because the situation will never be perfect. As Chahal says; If we need something badly we should teach ourselves to be impatient. A story is told of a sixteen-year-old boy who dropped out of school in 1966. With the help of a friend, he started a magazine for students and made money by selling advertisements to local businesses. Four years later, he was looking for ways to grow his small magazine and started selling mail order records to the students who bought the magazine. The records sold well enough that he built his first record store the next year. After two years of selling records, he decided to open his own record label and recording studio. Over the next decade, the young boy grew his entrepreneurial muscle. Along the way, he continued starting companies: an airline business, then trains, then mobile phones, and on and on. Almost 50 years later, there are over 400

Success Tips for Micro & Small Businesses

A month back, i went to buy green vegetables and fruits at our usual roadside market stall and found myself into business Lugambo (random talk) with the woman seller. Being a Consultant and Entrepreneur , i watch a lot of things every time i come across a business regardless of size. I was surprised of increased prices on vegetables, the bundle has decreased somehow and I was prompted to sit with her down to know the up & downside of such a micro business. It had not come to my mind that in sunny season vegetable prices rise. Mehn! , So insightful. You may think running such a micro trade business is a walk on just but there is much that goes into its success; the logistics, planning, storage, partners, financial management, records, etc. Getting and idea in business is one thing and putting it to work is another. I was touched to find that she have had difficulty in record keeping and money management and together in a few minutes we established a better way to keep her records and track income and expenditure and account for loss and profits each ending day, so as also to have monthly

The Champion’s Mojo – Book

The Champion’s Mojo (Pictured above) was a book that i wrote from pure flow. When I was writing the book, I got the urge to interview dozens of successful authors, creatives, and entrepreneurs and what i found was that they all had two things in common; Unwavering Persistence and grit When it came to releasing a song, starting a business, getting a job, living happily, writing a book, finishing biggest projects, or getting most important work done in life, they stuck to it with unwavering persistence and grit. They hack and learn to overcome procrastination, distractions, problems, roadblocks, and obstacles of all kinds. They figure out how to get it done — no matter what. They also focus on what’s important NOW! High level Champions focus much on Right now today. What are you going to do today to get better? What is your goal for today? Do you see a pattern developing here? They realize that throughout each day there are going to be distractions, fish hooks that rip you out of the water while you are searching for your goals. When you get side tracked, get off the wrong exit on your way to work, they realize that you must get

On Writing Winning Bids & Tenders

We’re all busy. It is natural in our mind programmed. That is why most professionals, job seekers and business people do not work on papers until the morning of submission deadline, this would have been ok if most business people didn’t fall into traps that cost them and their companies millions of money. For now let’s focus on bids and tenders. A bid is not an info folder to just fill and submit. Every day i meet business people who say; “We shall fill forms and submit”, ironically, they find their bids trashed and never called for a contract or pre-qualification or supplier list. A bid or proposal as you may call it is a persuasion tool that requires skill and preparation to ensure each section of it scores you the game. There is the science and psychology of winning bids. I’ve been around the bid failure block, i know, and i have been at the turn around of things and made some winning bids, so to speak. I’ve worked on hundreds of bids over the last 10 years on my other businesses and while working at NBK-Premier Solutions and other Projects i have independently worked on, due to my failure at genesis

Seeking to elevate as an entrepreneur?

For the last eight years, i have been working on projects with micro, small and Medium entrepreneurs across Africa & the Middle East, One thing stands out. Some businesses fail, other flourish. But, universally, the biggest challenge most struggling business owners face is not knowing what their biggest challenge is. Contradicting? Yes, that’s so true. Ask a a failing business owner of what the cause is and they will say; economy, bad luck, and other seemingly invalid issues. The truth is, you can’t treat what you don’t know. If you find yourself trapped between negative cash flows, stagnating sales, poor workmanship, less customer retention, etc, what do you fix first? This is a tough question to every entrepreneur. To be sick is one thing, to know the sickness is another. So, do entrepreneurs know the sickness in their business often times? As it is for sickness, that the doctor must know the sickness before treating it, same as in business, to proactively correct something in your business, you must know it first, and to know it you need solid systems in place. Systems allow you to know and see exactly where the bend is in your business. Systems make alarms when

Nicholas K. Quest

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