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 pivotal trade partnerships that create a viable market for business.
A potential investor or business person considering investing in Uganda, will find a well regulated highly liberalized economy in which all sectors are open for investment and there is a free movement of capital to and from the country. Â This is much important to note.
The 2019 Index of Economic Freedom ranked Uganda, the 8th freest economy out of the 47 Sub-Saharan Africa countries with a score of 59.7. The business operating environment allows the full repatriation of profits after the mandatory taxes have been paid, as well as 100% foreign ownership of private investments. The incentive regime is structurally embedded in the country’s tax laws making them non discriminatory and accessible to both domestic and foreign investment depending on the sector and level of investment.Â
The minimum capital investment required for a foreign investor to be eligible to invest in the country in virtually any sector, apart from those that may compromise the country’s security, is US$100,000.
Uganda’s labor is highly trainable, English speaking and the cost compares favorably in Africa. For every Foreigner to invest in Uganda they must have work permits and have their companies given permit codes as well as cleared by the trade ministry. The following are some select requirements for business and investment related work permit class in no particular order ;
CLASS D (BUSINESS AND TRADE) & CLASS E (MANUFACTURERS)
Applicants should be persons intending to carry on the business or trade or manufacturing for class E in Uganda. Uganda is open for many sectors except for a few the the laws cap. After the set up and registration of the company (we help you do that – call/WhatsApp +256704597816) , the application Requirements are as follows:
- Fill work permit form
- Attach Covering letter from company
- 2 passport size photos
- Photocopies of the passport
- Company’s bank statement
- Uganda Investment Authority license ( where applicable )
- Articles and memorandum of association
- Certificate of incorporation
- Income tax clearance
- Trading license
- Banking of Uganda Certificate of remittance of US $ 100,000
- Letter of good conduct from home country / Interpol in country of origin
- Security bond (vary from country to country)
CLASS B (INVESTMENT IN AGRICULTURE)
Applicants should be persons intending to invest in the business of agriculture or animal husbandry. Application Requirements are as below:
- Filled permit application form
- 2 passport size photos
- Photocopies of passport
- Attach Covering letter from company
- Land title or land lease agreement/contract
- Uganda Investment Authority License
- Letter from Ministry of Agriculture regarding intended agriculture venture
- Recommendation from LC’s or RDC’s office of area of operation
- Work plan / Feasibility study of the project undertaken
- Security bond (varies from country to country)
- Interpol letter from home country
CLASS C (MINING)
Applicants should be persons intending to invest in the business of prospecting for minerals or mining in Uganda. Application Requirements:
- Fill Entry / wok permit form
- Photocopies of passport
- 2 passport size photos
- Attach Covering letter from company
- License issued by Ministry of Natural Resources
- Articles and memorandum of Association
- Supportive letter from Ministry of Natural Resources
- Security bond
- Uganda Investment Authority License
- Interpol letter from home country
Coming to Uganda? Interested in doing business in Uganda soon? Don’t feel troubled..
Our professional consultants at NBK-PREMIER SOLUTIONS (www.nbkpremier.com) are always a call away to assist on company registration guide, licencing, taxation and work permits processing, clearances and general investment/business advisory. NBK PREMIER is a leading and ranked best business and investment consultancy firm in Uganda, East Africa with a good record mark of ethics and professionalism.
CALL OR WHATSAPP +256 704597816 for inquiries .
Nicholas K. Quest >> a transformational Author, business & investment Consultant and Serial Entrepreneur passionate about helping others to achieve their greatest dreams and ambitions through consultancy and training.
Follow my work through our training/Publishing and Consulting firms respectively: Legacy Pearls Africa, NBK-Premier Solutions, DETT Community. Twitter: @KatushabeN Facebook: NICHOLAS K QUEST . LinkedIn: NICHOLAS K QUEST Instagram: NICHOLAS K QUEST.
