A liberal economic regime in Uganda

A liberal economic regime is another consistent characteristic of the Uganda Economy.

There is free inflow and outflow of capital (both current and capital accounts), 100% foreign ownership of investment is permitted and exchange rates are freely determined by the market.

The foreign exchange market is now wholly liberalised following a move by government, effective July 1997 to liberalise capital account transactions.

Thus investors are free to bring in and take out capital without restriction.

The investment code allows foreign investors to invest in all fields except those, which compromise national security and ownership of land.

Regarding land, foreign investors may, however, lease land for up to 99 years.

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