Types of companies in Uganda

TYPES OF BUSINESSES/ COMPANIES IN UGANDA

  1. Sole proprietorship in Uganda: (URSB Registration of Business Name) – This is the simplest form of business registration in Uganda, and it is suitable for small businesses. In a sole proprietorship, there is no legal distinction between the owner and the business. This means that the owner is personally responsible for all the debts and liabilities of the business.
  2. Partnership: A partnership is a type of business in Uganda that involves two or more people who share ownership of the business. Partnerships can be general or limited. In a general partnership, all partners are jointly responsible for the debts and liabilities of the business. In a limited partnership, there are two types of partners: general partners who manage the business and are personally liable for its debts and liabilities, and limited partners who only invest in the business and have limited liability.
  3. Limited liability company (LLC): Company registration in Uganda comes with the liability protection of a corporation with the tax benefits of a partnership. In an LLC, the owners (referred to as members) have limited liability, which means that they are not personally responsible for the debts and liabilities of the business. This type of company must have at least two shareholders.
  4. Single Member Company in Uganda: This business type is the same as an LLC only that the company is owned by one shareholder. The sole shareholder then becomes one of the directors and it is mandatory for them to appoint a nominee director to act on their behalf in case they are incapacitated.
  5. Company limited by guarantee.  This is a corporate body registered for the sole reason of running nonprofit making activities eg NGOs.

TRANSLATED INTO CHINESE (For Chinese clients)

乌干达的企业/公司类型 乌干达独资企业:(URSB 企业名称注册)——这是乌干达最简单的企业注册形式,适用于小型企业。在独资企业中,所有者和企业之间没有法律区别。这意味着所有者对企业的所有债务和负债负有个人责任。 合伙企业:合伙企业是乌干达的一种企业类型,由两个或两个以上的人共同拥有企业所有权。合伙企业可以是普通合伙企业,也可以是有限合伙企业。在普通合伙企业中,所有合伙人共同承担企业的债务和负债。在有限合伙企业中,合伙人分为两种:普通合伙人,负责管理企业并对企业债务和负债承担个人责任;有限合伙人,仅投资企业并承担有限责任。 有限责任公司 (LLC):在乌干达注册公司既享有公司的责任保护,又享有合伙企业的税收优惠。在有限责任公司 (LLC) 中,所有者(称为成员)承担有限责任,这意味着他们不对企业的债务和责任承担个人责任。此类公司必须至少有两名股东。 乌干达的单一成员公司:此类公司类型与有限责任公司相同,不同之处在于公司由一名股东所有。该唯一股东将成为董事之一,并且必须指定一名提名董事,在其丧失行为能力时代表其行事。 担保有限公司。这是一个注册的唯一目的是开展非营利活动(例如非政府组织)的法人团体。 如需个性化法律援助和指导,请联系 Arnold,邮箱:arnour08@gmail.com 或致电 +256 700 906554 / +256709669443 (WhatsApp)

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