Attitude toward Foreign Direct Investment

Attitude toward Foreign Direct Investment

Uganda has an open attitude towards foreign investment and provides tax incentives and other facilitation to foreign investors. In ease of doing business ranking by World Bank Uganda got the following scores;

 DB 2017 DB 2016
Starting a business 165162
Dealing with construction permits 151153
Getting electricity161168
Registering property116118
Getting credit4442
Protecting minority investors106101
Paying taxes 7576
Trading across borders 136141
Enforcing Contracts6463
Resolving insolvency111104
The Uganda Registration Service Bureau (RSB) recently computerized its company registry, reducing the time and number of steps required to start a business. URA has overtime improved its efficiency, boosted transparency, and increased tax compliance.

Restrictions on Foreign investment

Foreign investors could form wholly foreign-owned limited or unlimited liability companies or could form majority or minority joint ventures with Ugandan partners without restrictions. Foreign investors can also transact business through a subsidiary or a foreign branch registered in Uganda. All sectors of the economy are open for foreign investment subject to the security interests of the state.