Investment Guarantees

A new Investment Code is in force since 1 January 2009. This Code is the result of a revamp of the 2003 business regulatory framework aimed at improving existing business law and promoting investment and private sector. The Code is applicable to both foreign and domestic investors.

One of the major advances consists in the fact that all investments are now subject to common law procedures, guarantee conditions and advantages of the general scheme instead of the complex old system which provided four licensing regimes

The new code also provides more guarantees to foreign investors in particular with respect to expropriation, the guarantee of transfer of capital and access to international arbitration.

Grants to investor guarantees and advantages of the General Scheme (freedom of establishment of capital guaranteed property to any person without any discrimination, free transfer of foreign capital and revenues

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Investment Guarantees

Security of Investment
The indicators of security in Uganda include:
1. Guaranteed under the Constitution and the Investment Code Act Cap 92 Laws of Uganda 2000 edition.
2. Uganda is a signatory to major international investment related institutions such as:
• Multi lateral Investment Guarantee Agency (MIGA).
• Overseas Private Investment Corporation (OPIC) of USA.
• Convention on the recognition and enforcement of foreign arbitral award (CREFAA).
• Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).
• ICSID, TRIMS, GATS, and TRIPS.

MIGA Coverage
Uganda became a member of the Multilateral Investment Guarantee Agency (MIGA) since 1992. Under this agency, foreign investors can insure their investment in Uganda against a wide range of non-commercial risks including expropriation, currency transfers, breach of contract and civil strife. Investment guarantees include the following:

Overseas Investment Insurance Scheme
The scheme provides insurance cover for UK companies against the perceived political risks of investing in foreign markets.

Overseas Private Investment Corporation (OPIC)
An agreement signed in 1998 with the above US agency seeks to guarantee American investment in Uganda.

Others
Uganda has also signed bilateral investment protection agreements with a number of other countries.
.

About The Author

Related posts

Investment Guarantees

Security of Investment
The indicators of security in Uganda include:
1. Guaranteed under the Constitution and the Investment Code Act Cap 92 Laws of Uganda 2000 edition.
2. Uganda is a signatory to major international investment related institutions such as:
• Multi lateral Investment Guarantee Agency (MIGA).
• Overseas Private Investment Corporation (OPIC) of USA.
• Convention on the recognition and enforcement of foreign arbitral award (CREFAA).
• Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).
• ICSID, TRIMS, GATS, and TRIPS.

MIGA Coverage
Uganda became a member of the Multilateral Investment Guarantee Agency (MIGA) since 1992. Under this agency, foreign investors can insure their investment in Uganda against a wide range of non-commercial risks including expropriation, currency transfers, breach of contract and civil strife. Investment guarantees include the following:

Overseas Investment Insurance Scheme
The scheme provides insurance cover for UK companies against the perceived political risks of investing in foreign markets.

Overseas Private Investment Corporation (OPIC)
An agreement signed in 1998 with the above US agency seeks to guarantee American investment in Uganda.

Others
Uganda has also signed bilateral investment protection agreements with a number of other countries.
.

About The Author

Related posts

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