The Uganda Registration Services Bureau (URSB) says it now requires two hours for an investor to formally register their businesses, as the country moves to improve service delivery and attract more Foreign Direct Investment (FDI). URSB source adds that; this is an improvement from the previous four days it took investors to register, while making physical movements from one government department to another.
“ We have seen significant improvement in registration time, by working together with other government registration agencies such as KCCA, UIA and the URA,” said the registrar general Bemanya Twebaze. Twebaze was speaking on the sidelines of the Private Sector Development Awards (PSDA) at the Royal Suites hotel, Bugolobi recently. Private Sector Development Award is an annual initiative of the Private Sector Foundation Uganda that seeks to recognize companies, business associations, entrepreneurs and business groups for their outstanding contribution to the growth of the private sector in Uganda.
URSB was recognized as the Government Agency of the Year 2016, for playing a critical role in the development of the Private Sector in Uganda. The Minister of State for Trade Hon Micheal Werikhe said such reforms create an enabling environment for business to thrive.He said all government departments and ministries should by now be fully integrated on the one stop center system to ease the business registration process. The Executive Director Private Sector Foundation Uganda (PSFU), Gideon Badagawa, noted that; “URSB has steadily improved its services and responded to the needs of the private sector, though the one stop center”.