Uganda woos Thai investors with promises of one-day business registration, 100% foreign ownership
The Ugandan government is actively courting Thai investors by offering streamlined business registration and 100% foreign ownership. Officials highlighted fiscal incentives and opportunities in sectors ranging from agro-processing to high-tech manufacturing.
Why it matters
This initiative reflects Uganda's broader strategy to attract foreign direct investment to boost industrialization and economic growth.
The Ugandan government has officially extended an invitation to investors in Thailand to set up operations in the country, highlighting Uganda’s vast investment landscape, guaranteed security, and streamlined business registration process that takes just one day.
Speaking during the Uganda-Thailand Economic Networking Dinner held on the sidelines of the World Bank and International Monetary Fund (IMF) annual meetings at the Mandarin Oriental Hotel in Bangkok, the Minister for Finance, Mr Henry Musasizi, emphasized Uganda's welcoming regulatory environment for foreign enterprise. "You can have 100 percent foreign business ownership although joint partners are encouraged. There is unrestricted profit repatriation," Mr Musasizi told the gathering of Thai business leaders and delegates.
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