Daily Monitor·2 min read

The relevance of formalising business

R
RACHEAL NABISUBI
The relevance of formalising business
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The Uganda Registration Services Bureau (URSB) has registered 17,790 new businesses through mass business registration over the last three years.

As it enters the fourth year of its mass business registration initiative, launched in the 2023/24 financial year, URSB is expected to take registration services beyond traditional service points, making it easier for entrepreneurs across the country to formalise their businesses.

According to Patrica Opoka, the Assistant Commissioner for Registration Services, over the first three years, the initiative has delivered 187 mobile business registration clinics, engaging 60,199 clients and resulting in 17,790 new business registrations.

The clinics have also generated Shs8.66 billion in Non-Tax Revenue (NTR). Performance has continued to improve, with 3,195 registrations recorded in FY2023/24, increasing to 6,856 in FY2024/25 and 7,739 in FY2025/26.

During FY2025/26 alone, URSB conducted 65 mobile clinics, reaching 26,361 clients and registering 7,739 businesses, while collecting Shs4.15 billion in non-tax revenue.

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