back to top
HomeBusinessUIA Issues Investment Licence To Bar Aviation

UIA Issues Investment Licence To Bar Aviation

Published on

- Advertisement -spot_img

In an era marked by rapid technological advancements and a burgeoning need for economic growth, Uganda has positioned itself as a favorable destination for both domestic and foreign investors. The Uganda Investment Authority (UIA) has taken center stage in facilitating this progress, exemplified by its recent issuance of an Investment License to BAR Aviation Uganda. The significance of obtaining an Investment License cannot be overstated, as it serves as a gateway to a realm of opportunities for businesses aiming to thrive within the country’s dynamic landscape.

Earlier today, an illustrious event took place as the Investment minister, Hon Evelyn Anite, and UIA’s Board Chairman, Morrison Rwakakamba, presented an Investment License to BAR Aviation Uganda. This milestone event underscores the paramount importance of acquiring an Investment License from the Uganda Investment Authority. The license not only holds a symbolic value but serves as an essential legal instrument that sanctions and legitimizes investments in Uganda.
The scope of the Investment License extends to both domestic and foreign companies, marking a commitment to inclusivity and encouraging a diverse range of ventures. For foreign investors, obtaining this license is a mandatory prerequisite, reaffirming their dedication to investing in the country. The criteria for issuance vary between domestic and foreign investors, with a threshold of US$ 50,000 for the former and US$ 250,000 for the latter. It is worth noting that certain sectors, such as mining and drug manufacturing, require additional regulatory licenses before applying for an Investment License, highlighting the government’s commitment to ensuring responsible and ethical business practices.

Related

Mukono Residents Demand Accountability From Hon. Nsibwa Fred Kagwa Over Theatre Construction Funds At Nakifuma Health Centre III

Mukono residents are demanding accountability from Hon. Nsibwa Fred Kagwa, the Member of Parliament...

Shincheonji Taekwondo Team Wins Medals Again At International Competition, Shining On The Global Stage

At the 2025 Park Chung-hee Cup International Open Taekwondo Championships: 4 Gold, 7 Silver,...

Bebe Cool Reflects On Key Lessons From His Kenya and Dar es Salaam Media Tour

After two weeks in Nairobi and Dar es Salaam, promoting his Break the Chains...

Kadaga Dumps Namuganza As Allies Suffer Defeat In NRM Primaries

Veteran politician and First Deputy Prime Minister, Rt Hon. Rebecca Kadaga, appears to have...

More from The Capital Times

Business Boom In Namugongo Ahead Of Martyrs Day

Business has picked up this morning at Namugongo Martyrs shrine according to traders. The...

Minister Kasolo In Hot Soup Over Alleged Orungo Voter Attacks Accused Of Orchestrating Violence Fo Intimidate Opponents in NRM Primaries

A political storm is brewing in Orungo sub-county after shocking allegations emerged linking Uganda’s...

African contemporary singer Liboi pairs up with Kenyan producer Kayrop on new single “twende sote”

NAIROBI - JULY 11, 2025 — African contemporary singer Liboi has teamed up withKenyan...