Are you an Investor?
If you intend to invest in Uganda, you have made the right choice because Uganda has a vibrant and predictable investment environment. The economy is strong, growing at an average rate of 7.7% per annum and inflation rate has remained in single digit for over 15 years. All sectors of the economy are fully liberalized, permitting free inflow and outflow of capital.
Uganda belongs to key regional economic blocs namely the East African Community (EAC), the Common Market for Eastern and Southern Africa (COMESA) and the Inter-Governmental Authority on Development (IGAD). Membership to these blocs gives the country a unique position to enjoy wide market access in the region; comprising of over 400 million people.
The government of Uganda has a strong commitment to private sector development. To this end, appropriate policies are in place to promote public private partnerships as well as local and foreign investment.
The country also continues to make positive steps in the provision and improvement of infrastructure and other social services.
As a potential investor, it is important to note that Uganda has high quality as well as trainable labour force. Over 20,000 University graduates are produced from the various universities and institutions every year.
The peace that prevails in the country further combines with the above factors to ensure that an investor is assured of security for his investments.
The following incentives apply to all investors in Uganda:
a) Investment Capita Allowances
Deductible annual Allowances (depreciable assets)
b) Investors who register as investment traders are entitled to VAT refund on building materials for industrial/commercial buildings
c) Duty and Tax free import of Plant & Machinery
d) First Arrival Privileges in the form of duty exemptions for personal effects and motor vehicle (previously owned for at least 12 months) to all investors and expatriates coming to Uganda.
e) Export Promotion Incentives and Facilities
Ministry of Trade, Industry and Cooperatives: www.mtic.go.ug
Uganda Exports Promotion Board: www.ugandaexportsonline.com