Forex Bureau license

To increase transparency of remittance and payment flows in and outside Uganda by ensuring that anti-money laundering and the combating of the financing of terrorism measures are observed in the forex bureau business

  • If owned by a bank, be registered as a wholly owned subsidiary of that bank.
  • A bank statement for the period of six months before the submission of the application.
  • A certificate of incorporation.
  • A certified copy of the resolution of the board of the proposed forex bureau authorising the submission of the application.
  • A minimum paid up share capital of not less than one thousand currency points.
  • Business and financial plans.
  • Individual references relating to the fit and proper status of each of the applicant’s shareholders and proposed directors.
  • Must be a company registered under the Companies Act as a limited liability company whose main obj ect is to conduct foreign exchange bureau business.
  • Particulars of the applicant’s bankers.
  • Proposed management, directors and owners who must be persons of good repute and integrity with the necessary qualifications and competence required to run a forex bureau.
  • Provide the name and full address, including telephone and email address of the proposed forex bureau.
  • Should have a fixed and identifiable place of business that is accessible to the public and suitable in all respects for the business of a forex bureau.
  • The applicant’s memorandum and articles of association.
  • The names and curriculum vitae of all the applicant’s proposed shareholders and management team.
  • Work permits for all non-Ugandan directors and employees of the applicant.
  • Any other information that the Bank of Uganda may request the applicant to provide.
  • Phone: +256 414 259090, +256 417 302000, +256 312 392000
  • Physical Address: Head Office, Plot 37/45 Kampala Road
  • Postal Address: P.O Box 7120, Kampala, Uganda
  • Jurisdiction: National
  • Email Address: info@bou.or.ug
  • Website: www.bou.or.ug
  • Operating Hours: Moday to Friday, 8:00am-5:00pm (excluding weekends and public holidays)
  • Directions: View Directions