Europe is taking interest in Uganda
Healy Consultants Group PLC
03 August, 2015
The small landlocked country of Uganda is usually not the talking point of European investors. Or at least that was the case until recently when European investors are increasingly trying to diversify their portfolio, and suddenly this small, but growing Central African nation is proving valuable.
Interest in Uganda is increasing and the reason is probably due to new business setups and joint ventures due to the country participating in the Milano Expo 2015. This Expo is one of the most prominent business incubators in Europe and runs for a total of six months, between May 1st and October 31st.
Uganda managed to show many interesting produce and showcase its potential from its large pavilion in the Expo. Leading the Expo was Trade Minister Amelia Kyambadde, who said that Uganda is capable and open to various quality opportunities from foreign investors, including mineral, agro-processing, real estate and many other investment sectors.
The European countries are further increasing their presence in Uganda by setting up an umbrella body the European Business Forum (EBF) to act as facilitator of investment in the African country. This entity is the first of its kind in the region and represents the trust of the European Union in Uganda and the perseverance of Trade Minister Kyambadde. All 27 EU members can join EBF including Norway and operate in Uganda.
EBFs board chairman, Mr. John Peter Gustad, said The EBF forum will actively engage the Ugandan government in order to create a conducive environment for investment and doing business in Uganda. This is a strong indication of trust, in Healy Consultants opinion.
Lastly, business setup in Uganda should be considered attractive due to the minimal setup requirements in an already growing economy. New companies do not require a minimum issued share capital and need only one shareholder of any nationality. Together with the low operational costs of running Uganda business, having a subsidiary in Uganda proves truly efficient.
Healy Consultants welcomes foreign entrepreneurs looking to invest in Uganda. To inquire more about our company setup options in the African country contact us at email@healyconsultants or call us on +65 67350120
Mr. Petar Chakarov
Client Relationship Manager
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