How To Register A Small Scale Business In Uganda
With capital between 1000 and 10 000 you can start a sewing or tailoring business that produces clothing for men women and children.
How to register a small scale business in uganda. The oil and gas business is one of the most lucrative business in uganda. I have a friend who intends to begin a money lending business on a small scale. In uganda a micro enterprise is an enterprise employing up to four people with an annual sales revenue turnover or total assets not exceeding uganda shillings 10 million. For example between one hundred thousand uganda shillings and three hundred thousand shillings you can get an airtel mobile money agent line. You will need a table chair and an umbrella and mainly you will need a mobile money agent line which you can acquire at around ugx 100 000 ugx 200 000 for airtel money agent line and ugx 300 000 ugx 1 000 000 for mtn mobile money agent.
He helped me to register my business with the city he also helped me to get a license to be a lender in my city. Registering a business name. You will receive a certificate of registration of a business name. I want to start a money lending business in my small town in uganda. Uganda is a land of opportunities both in the private and public sectors.
Conduct a search using the business registration form and establish if the name you register is available for use. If you are looking forward to exploring the best small scale but profitable business investment or opportunity this article is one you shouldn t miss out on. The mobile money business in uganda is lucrative and flexible you can place it everywhere let be in front of any big or small shop or shopping mall building. Also it requires less than 2m two million uganda shillings to get started. If you are a ugandan planning to start a business in uganda below are the 10 small scale business opportunities.
On the other hand small enterprises employ between 5 and 49 and have total assets between ugx 10 million but not exceeding 100 million. Mtn agent lines also can be got between 300 000 to 1 000 000. The 18 uganda business registration procedures reserve your company name at the registrar s office. Pay the registration fees.