Uganda operates a fully liberalized economy with the following key features:
* All sectors liberalized for investment and marketing
* Free inflow and outflow of capital
* 100% foreign ownership of investment permitted
* The economy is ranked 4th in Sub-Saharan Africa by the 2009 Index of Economic Freedom.
A range of investment incentives are available under the investment law. Click here for a summary of these incentives.
A Free Zones Bill with incentives for export oriented activities is under consideration by Parliament.
Investors at KIBP may take advantage of the wide range of markets made available due to Uganda’s trade agreements in the global market.
* Uganda is part of the East African Community (EAC) and Common Market for Eastern and Southern Africa (COMESA).
* It enjoys nonreciprocal trade preferences under the Cotonou Agreement and “Everything but Arms” initiative of the EU.
* It is also a member of the African Growth Opportunity Area (AGOA) from US.
* It has generalized of systems preference (GSP) from Australia, Belarus, Bulgaria, Canada, EU, Iceland, Japan, New Zealand, Norway, Russia, Switzerland, Turkey and the United States.
This market access would be advantageous to investors operating from countries without this preferential access to these countries.