Money lenders license

Regulate operations of money lending institutions

  • Purpose: Regulate operations of money lending institutions
  • Application Fees: 50,000 Ugx<br>
  • License Fee: 500,000 Ugx<br>
  • Maximum Processing Time: 3 Months
  • Related Websites: <a href="https://umra.go.ug/" target="_blank">www.umra.go.ug</a><br>
  • Validity: The 31st day of December of the year in which it is issued
  • Contact Office: <a href="https://umra.go.ug/" target="_blank">Uganda Micro-finance Regulatory Authority</a><br>
  • Renewal Fee: 500,000 Ugx
  • License Type: License
  • Legal Basis: The Tier 4 Microfinance and Money Lenders Act (Money Lenders) Regulations, 2017.
  • <ul><li><a href="http://ursb.go.ug/services/business-registration/" target="_blank">A certificate of incorporation and forms of particulars of directors and secretary from Uganda Registration Services Bureau.</a></li><li>Particulars of the address.</li><li>Copies of national identity cards for directors and the secretary.</li><li>Evidence of payment of the fees as prescribed.<br></li></ul><br><b>Other fees payable.</b><br><br>a) Registration for Notice of Change (Alteration) - 100,000 Ugx.<br>b) Branch license - 300,000 Ugx. <br>c) Search fees - 25,000 Ugx.<br>d) Certificate @ copy - 20,000 Ugx.