Uganda’s investment incentive package provides generous capital allowance for medium- and long-term investors in priority areas whose projects involve significant investment in plant and machinery and other costs. Uganda therefore offers generous provisions for VAT deferments, deductions, exemptions and capital depreciation allowances. This results in investors paying no or minimal tax during the first 5 […]
Uganda is number 139 least corrupt nation out of 175 countries, according to the 2015 Corruption Perceptions Index reported by Transparency International. This is a slight improved from previous year’s rank of 143.
Uganda has open capital accounts and there no restrictions on capital transfers in and out of Uganda. Investors can easily obtain foreign exchange and make transfers at commercial banks without approval from the Bank of Uganda in order to repatriate profits and dividends, and make payments for imports and services.
Uganda has an adequate legal commercial court system for solving of commercial disputes and the legal system also provides for mandatory mediation of commercial disputes. The commercial court engages regularly with the private through its Court Users Committee in order to listen to their concerns. Pursuant to the Reciprocal Enforcement of Judgment Act, judgments of […]
The Ugandan law protects intellectual property rights but the system for preventing piracy and counterfeit distribution is weak.
Property rights are guaranteed by law and compulsory acquisition of private property by the state is prohibited by law except when in the public interest, authorized by law, and accompanied by prompt, fair and adequate compensation which can be legally challenged by the owner.