Trade and Investment

Trade and Investment

TRADE

Uganda exports a wide range of products classified under Traditional and Non-Traditional Exports. The major exports are as follows:

Traditional Export Crops

Coffee

Cotton

Tea

Tobacco



Non-Traditional Exports

Maize

Beans and other Legumes

Fish and Fish products

Cattle hides

Sesame seeds

Soya beans

Soap

Electric Current

Cocoa beans

Cobalt

Hoes and hand tools

Pepper

Vanilla

Live animals

Fruits

Groundnuts

Bananas

Roses and Cut flowers

Ginger

Gold and gold compounds

Petroleum products



INVESTMENT
Why Invest in Uganda?

1. 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

2. Fully Liberalized Economy:

All sectors liberalized for investment and marketing

Free inflow and outflow of capital

100% foreign ownership of investment permitted

3. 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,
and Tanzania

Duty and quota free access into the US (AGOA) and EU (EBA) markets.

4. 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

5. Government Commitment to Private Sector

Government and private sector dialogue in policy formulation

Continuous improvement in providing infrastructure and other social services

6. Trainable Labour

Uganda presently produces over 10,000 University graduates per year

Quality of labour is one of the biggest attractions

7. 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

8. Investment Incentives

1. Investment Capital Allowances

Initial Allowance on plant and machinery 50-75%

Start up 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%

2. Investors who register as investment traders are entitled to VAT refund on building
materials for industrial/commercial buildings

3. Duty and Tax free import of Plant & Machinery

4. 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


5. 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 with holding tax on interest on external loans
* Dividends repatriated to get relief from double taxation


9. Where to invest?

Investment opportunities abound in the following areas

Agriculture

Livestock

Fisheries

Forestry

Manufacturing

Mining

Infrastructure

Financial services

Tourism

Printing and publishing

For more information regarding investing in Uganda go to:www.ugandainvest.com

www.uma.co.ug

http://www.auto.or.ug/

http://www.hotelsinuganda.com/

www.employers.co.ug

www.psfuganda.org


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