Company limited by guaranteeUganda
What it takes to form, own and run an other legal form in Uganda, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
Quote
to the amount that the members undertake in the memorandum
Quote
Any one or more persons may incorporate a company, with or without limited liability
Quote
with respect to every director being a corporation, the corporate name
The registry’s and the law’s own pages do not mention it.
Quote
Registration of a company without nominal share capital ( Company limited by guarantee without share capital)
Quote
limited liability companies, companies limited by guarantees, associations and Non-Government Organizations among others are taxed under the company taxation regime.
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
- A notary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A resident director
- Not required
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- A company may be one
Quote
with respect to every director being a corporation, the corporate name
- Shareholders
- Not stated
The registry’s and the law’s own pages do not mention it.
- Members
- At least 1 · one person may form it alone
Quote
Any one or more persons may incorporate a company, with or without limited liability
- A local company secretary
- Not required
Quote
Every company shall have a secretary and a sole director shall not also be secretary.
- A local registered agent
- Not required
Quote
A company shall, as from the day on which it commences to carry on business or as from the fourteenth day after the date of its incorporation, whichever is the earlier, have a registered office and a registered postal address
Each year, at the registry
- Annual registry fee
- UGX 35,000
Quote
Registration of annual returns of a company without nominal share capital ( Company limited by guarantee)
- Accounts on the public record
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit for a small company
- Required
Quote
Every company shall at each annual general meeting appoint an auditor
- Audit
- Every company appoints an auditor at each annual general meeting (s.163(1)).
Quote
Every company shall at each annual general meeting appoint an auditor
Important dates
When each obligation falls due, as the authority states it.
- Annual return to URSB
- Not in our records
With URSB
Not stated on media.ulii.org/media/legislation/111771/source_file/e4755a7b4a8d32df/2012-1.pdf when checked
What is public
- Directors
- Public
Quote
all such particulars with respect to the persons who at the date of the return are the directors
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Flat · 30%
URA lists companies limited by guarantee under the company taxation regime; companies are taxed at 30% of chargeable income.
Quote
limited liability companies, companies limited by guarantees, associations and Non-Government Organizations among others are taxed under the company taxation regime.
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
- CFC rules in Uganda
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Voluntary winding up on a special resolution of the company (Companies Act 2012 s.266), or winding up by the court
Quote
A company may by special resolution resolve to be wound up voluntarily.
- Statutory fee
- Not in our records
Every business in Uganda
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Uganda.
Payment and banking services
None of the services whose lists we hold names Uganda. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Other legal formDerived our grouping, the same words in every country
- Name in law
- Company limited by guarantee
- Identifier
- UG-COMPANY-LIMITED-BY-GUARANTEEA form ISO 20275 does not list.