How do I start a business in Uganda?

business registration information guide

1. Search for the business name.
2. Reserve the Business Name.
3. Obtain Certificate of Incorporation.
4. Obtain an Investment License.
5. Obtain a Taxpayer Identification Number (TIN)
6. Obtain a Trading License.
7. Register with National Social Security Fund (NSSF)
8. Make a Company Seal.

How much does it cost to start a business in Uganda?

According to him, importation business can be started with 200,000 to 500000 Uganda Shillings and be sure of making 1,500,000 Uganda Shillings monthly, if importing the right products.

How can I start my own business with no money?

How to Start a Business with No Money

1. LLP Registration with EMI Option. The first step in starting any business is to incorporate a new business entity.
2. Sell on Ecommerce Portals.
3. Start providing Services.
4. Compile a Great Business Plan.
5. Government Schemes.

How can I start a simple business in Uganda?

How To Start A Business In Uganda

1. Step 1: Make Business Research.
2. Step 2: Write A Business Plan.
3. Step 3: Source and Plan For Finances.
4. Step 4: Choose A Business Structure.
5. Step 5: Register Your Business Name.
6. Step 6: Aquire Business Licenses and Permits.
7. Step 7: Select A Business Location.
8. Step 8: Recruit / Arrange Your Team.

What business can I start with 2million?

With two million naira in account, you can invest into businesses like recharge card dealership which allow you to represent the mobile telecommunication networks as a dealer for distributing or selling recharge cards and data bundles to subscribers/customers across the nation.

Which small business can I start in Uganda?

Our list includes the following:

• #1. Gardening business. Gardening is a low-cost home business any Ugandan can afford.
• #2. Hairdressing business. Hairdressing is a profitable low-cost home business in Uganda.
• #3. Fish farming.
• #4. Chicken rearing.
• #5. Winemaking.
• #6. Professional services.
• #7. Blogging.
• #8. Making crafts.

What type of business is best?

If you’re ready to run your own business, consider any of these great business ideas.

1. Consultant. Source: Kerkez / Getty Images.
2. Online reseller. Source: ijeab / Getty Images.
3. Online teaching. Source: fizkes / Getty Images.
4. Online bookkeeping.
5. Medical courier service.
6. App developer.
7. Transcription service.
8. Professional organizer.

What are the most successful small businesses?

Most profitable small businesses

1. Auto repair. Taking a car to the shop for even simple repairs can be a challenge.
2. Food trucks.
3. Car wash services.
4. Electronics repair.
5. IT support.
6. Personal trainers.
7. Newborn and post-pregnancy services.
8. Enrichment activities for children.

What is the first step to opening your own business?

1. Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business.
2. Write your business plan.
3. Fund your business.
4. Pick your business location.
5. Choose a business structure.
6. Choose your business name.
7. Register your business.
8. Get federal and state tax IDs.

What business can I start with small capital?

If you want to start a low-cost business, these 25 ideas will help inspire your entrepreneurial passion.

• Content creation.
• Personal or virtual assistant.
• Event planning services.
• Errand/concierge service.
• Professional reviewer.
• Social media consultant.
• Etsy shop.
• Online courses and tutoring.

How can I succeed in business in Uganda?

Here are five tips to help you abandon your fear, grow your opportunities for success, and run a successful business.

1. Make a choice, any choice.
2. Become the industry, don’t just exist within it.
3. Never hesitate to pivot.
4. Be about more than profit.
5. Don’t fear the void.

What are some small business ideas?

Best Business Ideas in India to Start a Small Business:

• Automobile Repairs. Car and bike users are forced to visit expensive service centres and wait for days to get their vehicle fixed.
• Tiffin Service.
• Electronics Repair.
• Blogging as Small Business.
• Private Tutoring.
• Pet Care Service.
• Educational Mobile Apps.
• Bake the Cake.

What business can I start with 5m?

What Business Can I Do with 5 Million Naira In Nigeria?

• Start a school of your own.
• Start an agro-chemical industry.
• Acquire real estate.
• Become a motor dealer.
• Establish a private broadcasting corporation.
• Become a major distributor for a pharmaceutical company.
• Look for investment opportunities.

What business can make millions?

9 best million-dollar business ideas

1. B2B products and services.
2. Online education.
3. Wellness offerings.
4. Food delivery services.
5. Wedding services and products.
6. Dropshipping business.
7. Food truck.
8. Subscription model business.

What business can I start with 1000000?

21 Businesses you can start with one million naira today.

• 1) Operating a restaurant. One business you can start with one million naira today is a restaurant business.
• 2) Poultry farming.
• 3) Fitness centers and gymnasium.
• 4) Bridal shop.
• 5) Frozen foods.
• 6) Boutique/thrift shop business.
• 7) Bakery/Bakeshop.
• 8) Importation.

How do I start a mobile money business in Uganda?

For one to be licensed as an agent, you need to:

1. Present an Identity Card.
2. Present a letter of introduction/recommendation from the Local Council.
3. Have a deposit of UGX 80,000/= (Eighty Thousand Shillings) to purchase the kit.
4. Fill in an application form.
5. Have starting Float of UGX 2,000,000/= (Two Million shillings)

What is the most profitable business?

The Most Profitable Business by Sector:

• Accounting = 18.4%
• Lessors of Real Estate = 17.9%
• Legal Services = 17.4%
• Management of Companies = 16%
• Activities Related to Real Estate = 14.9%
• Office of Dentists = 14.8%
• Offices of Real Estate Agents = 14.3%
• Non-Metalic Mineral and Mining = 13.2%

Is chapati business profitable in Uganda?

Mukasa says that a packet of chapatti gives a profit of Shs2, 500 while a tray of eggs gives Shs 5,000 profit.

Which business is best for beginners?

Top 20 Business Ideas for Beginners

• Home Cleaning. Home cleaning is considered as one of the easy business ideas for the beginner.
• Blogging. Blogging is part time easy to implement low investment business idea for the beginner.
• Photography.
• Tuition Class.
• Freelancer.
• Child Care services.
• Errand Services.
• Hobby Class.

Which business is best in 2021?

46 of the best business ideas that you can start in 2021

1. Start Your Own Blog. If you think blogging is more of a hobby than a serious business idea, think again.
2. Develop Online Courses.
3. Cyber Security Consultant.
4. Buying And Selling Domains.
5. YouTuber/Vlogger.
6. Start a Podcast.
7. Instagram Influencer.
8. Dropshipping.

Which is the easiest business to start?

16 Easy Businesses to Start

• Event Planning.
• Gardening and Landscaping Services.
• DJing.
• Painting.
• Yoga Instruction.
• Local Tour Guide. Image (c) Zero Creatives / Getty Images.
• Tutoring. Tutor helping one of her students.
• You Don’t Need Much Money But You Do Need… Couple running small gardening business.