UIA Board member, Rwakakamba encourages Ugandans in the diaspora to take advantage of domestic investment incentives

By Uganda Investment Authority

Human rights activist Morrison Rwakakamba has appealed to Ugandans in the diaspora to take advantage of domestic investment incentives like free trade zone services to startup investments in the country.
Mr. Morrison Rwakakamba has urged Ugandans in the diaspora to take advantage of domestic investor incentives like free trade zone services to start-up investments back home.

According to Mr Rwakakamba who is also the founding chief executive of Agency for Transformation and Uganda Investment Authority (UIA) board member, government incentive structure is available to both domestic and foreign investors.

“These incentives are articulated in the investment code and tax code, with domestic investors needing only an investment of $ 50,000 (about Shs184 million) to qualify for a 10-year income tax and export tax exemption if you set up your business using the Country’s free zone services or set up your business in Uganda’s 23 Industrial Parks like Namanve Industrial Park, Mbale etc and you get access to free land,” he said.

Continue reading the full article at Daily Monitor, published on Thursday 10th September 2020.