Expanding into Uganda’s vibrant market offers significant opportunities for businesses. Two critical services facilitate this process: Employer of Record (EoR) solutions and business registration. These services simplify compliance with local regulations and help companies focus on growth.
Employer of Record (EoR) Services in Uganda
An Employer of Record Uganda serves as a legal intermediary, managing employment responsibilities such as payroll, taxes, and labor compliance for businesses hiring locally.
Key Benefits of EoR Services:
- Regulatory Compliance:
- Handles tax filings, social security contributions (5% employee and 10% employer), and compliance with Uganda's labor laws Afrisetup.
- Streamlined Hiring:
- Enables businesses to hire employees quickly without setting up a local entity.
- Employee Benefits Management:
- Covers maternity leave, health insurance, severance pay, and termination processes.
- Cost Efficiency:
- Reduces overhead costs and administrative burden.
EoR services are ideal for businesses seeking a flexible and compliant workforce management solution while entering the Ugandan market.
Business Registration in Uganda
Business Registration in Uganda is a structured process overseen by the Uganda Registration Services Bureau (URSB). This process ensures your company operates legally and gains access to government and market opportunities.
Steps to Register a Business:
- Reserve a Company Name:
- Submit potential names to URSB for approval.
- Prepare Documents:
- Include Memorandum and Articles of Association, company forms, and shareholder details.
- Submit Application:
- File documents with URSB and pay the statutory fees.
- Post-Registration Requirements:
- Obtain a Tax Identification Number (TIN), open a corporate bank account, and secure relevant business licenses.
Benefits of Registration:
- Legal recognition as a corporate entity.
- Access to tax incentives and business grants.
- Enhanced credibility and ability to participate in large contracts Afrisetup .
Why Choose Professional Services
Whether using EoR services or registering a business, partnering with experts like Afrisetup simplifies the process, ensuring compliance and reducing delays. Their team manages all aspects, from document preparation to workforce onboarding.