18 May 2016

HOW TO REGISTER YOUR COMPANY

HOW TO REGISTER YOUR COMPANY

It is one thing to know the advantages of registering a company, but how does one do this? A question we have got far so often so we decided to come up with this detailed guide on how it is done in Uganda. Here is a brief guide on the steps.

a) Effect a search.
b) Reserve the name.
c) Draft the articles of Association.
d) Draft the Memorandum of Association.
e) File the M.O.A and A.O.A
f) File the Statutory declaration.
g) Issue of certificate of Incorporation.
h) File the Annual returns.
i) File the statement of Nominal capital
j).File the return of the allotment of shares.
k)File the location of the registered offices.
l) File the particulars of the directors.

Here are the details on the steps to register a business in Uganda.

HOW TO CONDUCT A COMPANY SEARCH;
• Fill a search requisition form or apply by letter addressed to the Registrar General at the Uganda Registration Services Bureau.
• Pay the Search fees
• You will then be able to access the record for search at the registry office or receive a response by letter.
After a successful search of a desired name one will then have the name reserved for purposes of registration as a Company or Business name to be registered.

HOW TO RESERVE A NAME;
• Fill Name Reservation Form
• Submit applications For Name Search;
• Pick Processed Reservation Form in One day.

HOW TO REGISTER A COMPANY;
A company is a legal person which has capacity and powers to act on its own (the law sees a company in the same light as a natural person) .It is created by the companies Act No. 1 of 2012 which is the machinery that enables the company to be formed for lawful purposes in Uganda.

To register a Local Company limited by shares, one needs to reserve the name to be used and then file the following documents with the Registrar of Companies;

A) Company Registration Form (S.18)
B) Memorandum and Articles of Association
C) Other Company Forms
1. A.1 Statement of Nominal capital.
To register a local company limited by guarantee, one needs to reserve the name to be used and then file the following documents with the Registrar of Companies;
a. Company Registration Form (S.18)
b. Memorandum and Articles of Association;
When you have all the documents ready , pick assessment forms from the Uganda Registration Services Bureau (URSB) or do a self-assessment an pay registration fees and stamp duty. Upon registration, the Registrar will issue a certificate upon
incorporation within two working days.

After the company has been registered, the following forms must be filed (Company Returns).
1. Company Form 18 , 19 and 20 Particulars of Directors and Secretaries (within 14 days)
2. Company form 9 – Notice of Situation of Registered Office & Postal Address (within 14 Days)
3. Company Form A3 – Return of allotment (within 60 days)
4. Form of Annual Return For a Company Limited by Shares (to be filed once every year).

One thought on “HOW TO REGISTER YOUR COMPANY

  1. thankful for the work done to enlight me in particular all these information and i wish to follow them because i starting it soon.Thank you

Leave a Reply

Your email address will not be published. Required fields are marked *