How to register a business

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Step 4. Register your business
Official business registration is a mandatory step. Choose the appropriate organizational and legal form: individual entrepreneur, LLC or other. Each option has its advantages and disadvantages.
Select the form of ownership.
Submit an application through the public services portal or to the tax office.
Obtain the necessary licenses and permits if required for your business.
Fact: "For some types of businesses, such as list of uganda whatsapp phone numbers medical services or educational activities, a license is required."
Infobox: Common Mistakes When Registering a Business
Incorrectly selected OKVED code.
Lack of consideration of tax consequences.
Inattentive filling of registration forms.
Starting a business
Step 5: Find funding
Financing is one of the most difficult tasks for new entrepreneurs. Here are some options:
Own funds. Minimizes the risks of debt burden.
Bank loans. Require collateral and a detailed business plan.
Investors. In return, they may demand a share in the business.