Predictable Environment: Uganda has been able to achieve macro-economic stability when clouds of uncertainty rocked many regions of the world.
- Inflation is single digit for over 10 years from a record high of 240% in 1988
- Stable annual economic growth averaging 6% per annum
- Market driven exchange rates
Fully Liberalized Economy:
- All sectors liberalized for investment and marketing
- Free inflow and outflow of capital
- 100% foreign ownership of investment permitted
Market Access:
- Uganda enjoys a unique location at the heart of Sub-Saharan Africa giving it a commanding base for regional trade and investment
- Uganda is a member of the commonwealth market for eastern and Southern African States (COMESA), a region with a market of over 300 million people in 20 countries
- Uganda is a member of the East African Community comprising Kenya, Uganda, Tanzania, Rwanda and Burundi
- Duty and quota free access into the US (AGOA) and EU (EBA) markets.
Strong natural Resource Base
- Rich endowment of rainfall, soils, and favorable temperature range. A number of crops are grown organically
- Unexploited mineral deposits, and tourism opportunities. Confirmed deposits include Gold, Zinc, Wolfram, Petroleum, diamond, vermiculite, silica etc
Government Commitment to Private Sector
- Government and private sector dialogue in policy formulation
- Continuous improvement in providing infrastructure and other social services
Trainable Labour
- Uganda presently produces over 10,000 University graduates per year
- Quality of labour is one of the biggest attractions
Security of Investment
- Guaranteed under the Constitution and the Investment Code 1991.
- Uganda is a signatory to main international investment related institutions
- Multi-lateral Investment Guarantee Agency (MIGA)
- Overseas Private Investment Corporation (OPIC) of US
- Convention on the recognition and enforcement of foreign arbitral award (CREFAA), ICSID, TRIMS, GATS, and TRIPS
Investment Incentives
- Investment Capital Allowances
- Initial Allowance on plant and machinery 50-75%
- Startup cost spread over 4 years¡¯ 25% p.a.
- Scientific research expenditure 100%
- Training expenditure 100%
- Mineral exploration expenditure 100%
Initial Allowance on Hotel and Industrial Buildings 20%
Deductible annual Allowances (depreciable assets)
Depreciation rates of assets range 20-40%
Depreciation rate for Hotels, Industrial Buildings & Hospitals 5%
- Investors who register as investment traders are entitled to VAT refund on building
materials for industrial/commercial buildings - Duty and Tax free import of Plant & Machinery
- First Arrival Privileges in the form of duty exemptions for personal effects and
motor vehicle (previously owned for at least 12 months) to all investors and
expatriates coming to Uganda - Export Zones (Provisional)
* A ten year corporation tax holiday
* Duty exemption on raw materials, plant and machinery and other inputs
* Stamp duty exemption
* Duty draw back to apply on input of goods from domestic tariff area
* No export tax
* Exemption of withholding tax on interest on external loans
* Dividends repatriated to get relief from double taxation
Where should you invest?
Investment opportunities abound in the following areas
- Agriculture
- Livestock
- Fisheries
- Forestry
- Manufacturing
- Mining
- Infrastructure
- Financial services
- Tourism
- Printing and publishing
For more information on investment in Uganda go to: