Starting a business in Uganda

Legal Forms of Companies

Limited liability company (LLC)

Number of partners: minimum two directors and one shareholder
Capital (max/min): no minimum share capital requirement
Shareholders and liability: liability is limited to the assets of the company

Public limited company (PLC)

Number of partners: minimum two directors and five shareholder
Capital (max/min): no minimum share capital requirement
Shareholders and liability: liability is limited to the assets of the company

Private limited company

Number of partners: minimum two, maximum 100
Capital (max/min): no minimum share capital requirement
Shareholders and liability: liability is limited to the assets of the company

Limited Liability Partnership

Number of partners: minimum two, maximum 20
Capital (max/min): no minimum share capital requirement
Shareholders and liability: liability is unlimited for managing partners, whereas it is limited to the extent of their capital contribution for silent partners

General Liability Partnership

Number of partners: minimum two, maximum 20
Capital (max/min): no minimum share capital requirement
Shareholders and liability: all partners are fully liable for the partnership’s debts

Business Setup Procedures

Source: Doing Business - Latest available data.