hospital clinic http://clgmorvan.org/modules/templatemanager/action.bodytag.php geneva; font-size: small; line-height: 200%;”>The Uganda investment Authority (UIA) was set up by the Investment Code Act (1991).
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The Act provides for UIA to be the facilitator of investors intending to invest in Uganda by assisting them to overcome the barriers to starting an investment in Uganda.
Cabinet however observed that UIA had not yet operationalized a one-stop-center system that would ease the process of facilitating investors as prescribed under section 6(c) of the Investment Code Act 1991 which stipulates that one of the functions of the Authority is’’ to secure all licenses, authorizations, approvals and permits required to enable any approval granted by the authority to have full effect’’.
Cabinet also aimed at fulfilling section 15(2) of the Act which provides that’’ the Executive Director shall liaise with Government Ministries and Departments, local authorities and other bodies as may be necessary in order to assist an investment license holder in complying with any formalities or requirements for obtaining any permissions, authorization, licenses, land and other things required for the purposes of the business enterprises’’
Information Minister Namayanja Rose Nsereko told Chimpreports on Thursday that Cabinet therefore approved the proposal in order to reduce the time, number of procedures, costs of registering a business and obtaining other secondary licenses and regulatory burden on businesses.
This will lead to a reduction in time taken to get license from 30 days initially to 7 days.
Uganda Investment Authority will therefore operate a dedicated One-Stop-Center web portal (www.ugandainvest.go.ug) that will comprehensively take care of all core requirements of a One-Stop-Centre, including guiding information for investors.
Government said the investor will be able to apply on line and receive the investment License on line; choose an investment area of interest; be able to pay all the assessed fees; supply details of business registration to URSB; allow the investor to apply on line for investment license; apply for tax identification number (TIN) and also apply for land on line in case there is need.
Cabinet appeals to all institutions in the business of licensing and registering businesses in Uganda to develop information technology solutions that are coordinated