How to form an LLC in Uganda: Requirements and cost
Starting a limited liability company (LLC) in Uganda can be a great way to establish a formal business structure and protect your personal assets. This is a step-by-step guide on how to form an LLC in Uganda, along with an overview of the requirements and costs that are involved.
Related: How to form a US LLC with Doola
Steps Involved in Forming an LLC in Uganda
Forming an LLC in Uganda involves the following steps:
Step 1: Choose a business name
Before you can register your LLC, you will need to choose a unique business name. Your business name should be descriptive and easy to remember. It is a good idea to do a quick online search to make sure your chosen business name is not already in use by another company.
Step 2: Obtain the necessary licenses and permits
Depending on the nature of your business, you may need to obtain various licenses and permits before you can legally operate in Uganda. For example, if you are planning to sell goods or services, you will need to obtain a business license from your local municipality. You may also need to register for value-added tax (VAT) if your business is expected to generate more than 50 million Ugandan shillings in revenue per year.
Step 3: File articles of incorporation
To officially register your LLC in Uganda, you will need to file articles of incorporation with the Uganda Registration Services Bureau (URSB). This process requires you to provide information about your business, such as the business name, the names and addresses of the directors, and the business’s purpose. You will also need to pay a filing fee, which varies depending on the type of business you are registering.
Requirements for Operating an LLC in Uganda
To operate an LLC in Uganda, you’ll need to:
Benefits of Forming an LLC in Uganda
There are several benefits to forming an LLC in Uganda, including: