A business plan and financial projections for at least three years (including the assumptions underlying the projections and a sensitivity analysis of the plan on varying assumptions)
A certified copy of the resolution of the Board of Directors, authorising the preparation and submission of the application
An information sheet for the applicant and for each of its substantial share holders (if corporate), subsidiaries or affiliates in the form set out in Schedule 2
Any other information relating to the viability of the proposed institution or other matters which the applicant may consider relevant
Any other information which the Central Bank may request the applicant to provide
Existing financial institutions and companies which have been engaged in other businesses before applying to do financial institution business, should provide certified copies of audited financial statements for the past three years prepared in accordance with generally accepted accounting principles
If the most recent audited accounts are more than six months out of date, they should be accompanied by management accounts (which need not be audited) showing the current financial position and the current results of the institution
Individual credit references for the applicant and each of the substantial shareholders, directors and officers from his or her bankers
Personal declaration form for each of the proposed directors, officers and substantial shareholders ( if natural persons) in the form set out in Schedule 3
Proposed capital structure of the financial institution
The Certificate of Incorporation
The Memorandum and Articles of Association
With respect to foreign applicants, a statement from the supervisory authority of the home country declaring that it has given prior approval or a “No Objection” for the establishment of a subsidiary or any other office in Uganda, and that the applicant’s chairperson, directors, managers and substantial shareholders as a whole, are fit and proper persons within the meaning of the Act
