Uganda
The ISO code of Uganda is UG according to the ISO 3166 standard. The local name of the country is the same as its English name. Uganda capital city is Kampala. People in Uganda speak the English, and Swahili languages. On 9 October 1962, Uganda emerged as a sovereign political entity. In the year 10/09/1962, Uganda emerged as a sovereign political entity. The largest city in Uganda is Kampala.
Uganda is located in the UTC +03:00 time zone, which is also called Eastern Africa Time or EAT. The internet country code top-level domain (ccTLD) for Uganda is .ug. The International dialing code for Uganda is 256. People in Uganda drive on the left side of the road. Total land area of Uganda is 241,038 km² (approx. 93,065 mi²). Uganda is a landlocked country.
Uganda is located in Africa. Uganda is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Uganda faces various issues, including draining of wetlands for agricultural use, deforestation, overgrazing, soil erosion, water hyacinth infestation in Lake Victoria, widespread poaching.
Doing business in Uganda
We offer various corporate services in Uganda jurisdiction. These services can serve both, people coming from Uganda and foreigners. If you plan on doing business in Uganda you might be interested in contacting us.
To find out about starting your business in Uganda click on company formation in Uganda.
To find out how to open a bank account in Uganda and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Uganda.
Choose preferred service below or continue reading to find out more about Uganda.
Demographics of Uganda
The total population of Uganda is 44,270,563 people. In Uganda, the population density is 152 people per square kilometer (395 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is very diverse according to a fractionalization scale which for Uganda is 0.9302. Uganda has approximately 531401 foreign immigrants. The median age is approximately 15.5 years. In Uganda, 14.69 in every 100 people use internet. Uganda has a Human Development Index (HDI) of 0.484.
The majority religion of Uganda is Christianity, Uganda is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Uganda.
Culture of Uganda
People in Uganda speak the English, and Swahili languages. According to data on inbound tourists in Uganda, 1,206,000 tourists arrive in the country each year. One of the most popular national dishes of Uganda is matoke. To read more click on culture of Uganda.
Geography of Uganda
Uganda is considered to be a large nation because of its total area. Its total land area is 241,038 km² (approx. 93,065 mi²). Uganda is located in Africa. Its capital city is Kampala. Uganda has 5 neighbouring countries. Its neighbours include Democratic Republic of the Congo, Kenya, Rwanda, South Sudan, and Tanzania. Total length of land borders of Uganda is 2729 kilometers (~1,054 miles).
The highest point of Uganda is Margherita Peak, with its official height being 5109 m (16,763 ft). Including land mass and EEZ, the total area of Uganda is approximately 241,038 km² (~93,065 mi²). The most notable natural resources found in Uganda are copper, cobalt, hydropower, limestone, salt, arable land, gold.To read more click on geography of Uganda.
Economy of Uganda
The currency of the country is Ugandan shilling. The symbol used for this currency is Sh, and it is abbreviated as UGX. 2.1% of population in the country are unemployed. The total number of unemployed people in Uganda is 929,682. Each year, Uganda exports around $3.16 billion and imports roughly $4.86 billion. The Gini Index of the country is 39.5. Uganda has a Human Development Index (HDI) of 0.484.The Global Peace Index (GPI) for Uganda is 2.179. Uganda has a government debt of 26.8% of the country's Gross Domestic Product (GDP), as assessed in 2012. Uganda is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are sugar, brewing, tobacco, cotton textiles, cement, steel production.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Uganda is $75,077 billion. Each year, consumers spend around $14,324 million. The ratio of consumer spending to GDP in Uganda is 0%, and the ratio of consumer spending to the world consumer market is 0.0413. The corporate tax in Uganda is set at 30%. Personal income tax ranges from 5% to 10%, depending on your specific situation and income level. VAT in Uganda is 18%. In 2013, Uganda received 1655.1 million USD in foreign aid.In 2014, the foreign aid amounted to 1577.8 USD.To read more click on economy of Uganda.
Infrastructure of Uganda
In Uganda, 18.2% of the population has access to electricity. There are 32,683 internet hosts in Uganda. Uganda has 47 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in Uganda is 37. To read more click on infrastructure of Uganda.
Politics of Uganda
Uganda, is a dominant-party semi-presidential republic. With regard to political and civil freedoms, Uganda is 3. Citizens in Uganda experience little to no civil liberties and political rights. Citizens are not free to express themselves and do not enjoy political freedom or a representative government. Countries with this political situation are dangerous for investment, as an authoritarian government may have outsize control over economic matters. The head of the government is Yoweri Museveni.
According to the World Bank Group, the government effectiveness index of Uganda is -0.4. This indicates that the government of Uganda is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Uganda before considering any business maneuvers.In Uganda, the legislative power is vested in a National Assembly. The Global Peace Index (GPI) for Uganda is 2.179. The strength of legal rights index for Uganda is 6. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. In 2013, Uganda received 1655.1 million USD in foreign aid. In 2014, the foreign aid amounted to 1577.8 USD. Uganda is a member of the United Nations (UN). On 25 October 1962, it joined the UN as a full member state. Uganda is a member of the African Union (AU). On 25 May 1963, it joined the AU as a full member state. Uganda is a member of the World Bank. To read more click on politics of Uganda.
Environment of Uganda
Uganda emits 0.1 metric tons per capita of CO2. 50000 km² of Uganda's territory is covered in forests. and forest land comprises 21% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Uganda is 37. To read more click on environment of Uganda.
Company formation in Uganda
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Uganda.
When establishing a company in Uganda, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Uganda that will affect the establishment and growth of one's business. Contact us or click on company formation in Uganda to read additional information when setting up a business.
Bank account opening in Uganda
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Uganda. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Uganda, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Uganda or contact us.