Upon incorporation/ registration, all entities are required to obtain Tax Payer Identification Numbers issued by Uganda Revenue Authority and also obtain a trading license from the relevant local government. Foreign companies are further required to obtain an Investment license from Uganda Investment Authority.
How to Start a Construction Business in Uganda The two leading players in a market. Your simple business plan should include; Choose and reserve a business name. Register your company. Trading License. Developer's license. General liability insurance. Disability insurance.
Gain experience in construction or hire skilled professionals Put out your services, target customers, budget, and goals. Pick a unique and professional name that reflects your work. Get the necessary licenses and register your company legally. Arrange funding through savings, loans, or investors.
Requirements Clearance from Ministry of Trade, Industry and Cooperatives for non-nationals. For new business - original certificate of registration (Business name) OR certificate of incorporation (Company) - Uganda Registration Services Bureau. Original KCCA receipt for the previous year indicating existing business.
Unenforceable Contracts. Simple contracts. This contract need not be in any form. Specialty contracts. These are contracts under seal. A valid contract is an agreement, which is binding and enforceable. These. Voidable contract. Void contracts. Illegal Contracts. Bilateral contract. Unilateral contract.
The seven essential elements of a contract are: Offer. Acceptance. Consideration. Legally competent parties. Meeting of the minds. Terms of the contract. Legality of purpose.
10 Different Types of Contracts Type of ContractEveryday Use Implied Contracts Common in everyday transactions like dining out. Express Contracts Standard in formal business agreements. Simple Contracts Used for straightforward services or transactions. Unconscionable Contracts Often challenged in court for fairness.10 more rows •
Fixed-term employment contracts are standard in Uganda. Labor laws in Uganda follow fixed-term contracts there, and an employer hires employees for a specific period. After the expiry of such time, the contract automatically extinguishes, and the employment term ends.