Register a branch in Uganda – Setting up in Uganda’s vibrant economy can be an exciting opportunity for your business. However, navigating the registration process for a branch office can seem daunting. Fear not! This blog post will guide you through the key steps involved in registering a branch in Uganda.
Firstly, before we dive deep into how to register a branch in Uganda, it’s crucial to distinguish between registering a branch of a foreign company and a locally incorporated company.
- Foreign company branch: If your company is already established outside Uganda, you have the option of registering a branch in Uganda. The branch company will be regarded as an extension of the company you have registered elsewhere.
- Locally incorporated company / Subsidiary: This is a totally new company registered in Uganda. Here you have the option of holding the shares directly under your name or holding the shares through another company registered in a different jurisdiction. The major advantage of a Locally incorporated company / subsidiary over a branch is that the liability incurred in Uganda cannot be extended to your foreign company.
At Afrisetup, we help business owners to register both local and foreign companies. Contact us for register a company remotely in Uganda.
Step-by-Step Guide: How to Register a Branch in Uganda | How do I register a foreign business in Uganda?
Registering a branch in Uganda includes several steps, from obtaining the necessary documents, submitting them to the URSB, and paying the required fees. Here is a comprehensive guide on how to register a branch in Uganda as a foreigner:
Step 1: Obtain a Certificate of Incorporation from Your Home Country
To register a branch in Uganda, you must first obtain a Certificate of Incorporation from your home country’s Registrar of Companies. This document confirms that your foreign company is registered and it is legally authorized to do business in your home country.
Step 2: Prepare the Required Documents
To register a branch in Uganda, gather the necessary documents:
- Certified copies of your company’s Memorandum and Articles of Association (or equivalent document) from the country of origin.
- Certificate of Incorporation from the country of origin.
- Completed registration forms, including details of directors, shareholders, and authorized representatives in Uganda.
- Statement of any existing charges on the company’s assets.
Step 3: Submit the Documents to the URSB
After preparing the required documents, you must now submit them to the URSB for review. The URSB will verify the authenticity of the documents and assess the application’s compliance.
Step 4: Pay the Required Fees
Once the URSB approves the application, you must pay the registration fees. The fees vary depending on the authorized share capital of the foreign company. The URSB will issue a payment slip with the applicable fees. You can pay the fees at any bank authorized to receive payments on behalf of the URSB.
Step 5: Collect the Certificate of Registration
After paying the fees, the URSB will issue a Certificate of Compliance. This certificate confirms that your foreign company’s branch is now registered and legally authorized to do business in Uganda.
Fees for registering a foreign company in Uganda
To register a branch in Uganda, you would need to consider various fees and charges. For accurate fees, feel free to contact us today!
Benefits of Registering a Branch in Uganda:
When you register a branch in Uganda you will enjoy several benefits, including:
1. Legal recognition and protection of assets.
2. Access to local markets and opportunities.
3. Enhanced credibility and reputation.
FAQs on Branch Registration in Uganda
Q: Can a foreign company have more than one branch in Uganda?
No, a foreign company in Uganda can only register one Branch company with the URSB. However you can operate and run your branch company in multiple locations in Uganda without any issiue.
Q: Can a foreign company operate in Uganda without registering a branch?
No, foreign companies must register a branch to legally operate in Uganda. Operating without registration can result in fines or other penalties.
Q: How long does it take to register a branch in Uganda?
The registration process typically takes between 2 to 4 weeks, depending on the completeness of documentation and responsiveness of regulatory authorities.
Q: Can a foreigner open up a company in Uganda? | Can a foreigner own a business in Uganda?
Any foreigner can register a company in Uganda. However, it is necessary to acquire a Tax Identification Number (TIN) to facilitate the registration process and ensure compliance with regulations.
Q: What are the taxation implications of registering a branch in Uganda?
Branches are subject to corporate tax at a rate of 30% on profits derived from Uganda. Additionally, branch companies are subject to a 15% withholding Tax on any repatriated profits.
Q: What do foreigners need to register a company in Uganda?
To register a branch in Uganda or a foreign company in Uganda, you need:
ü Certified copies of the certificate of incorporation from the country of origin
ü Application form
ü Form 24: This form contains the names of directors and secretaries
ü Contact information of the directors and shareholders:
- Email addresses
- Telephone numbers
- Postal addresses
- Residential addresses
Conclusion
Registering a branch in Uganda is a strategic move for businesses looking to expand their footprint in East Africa. By understanding the legal framework, following the registration process diligently, and seeking professional assistance when needed, businesses can navigate the complexities of branch registration effectively and position themselves for growth and success in Uganda’s dynamic market. Register a branch in Uganda with our professional assistance! Contact us today