Regulatory Alerts2022-06-01
Revision of Initial and Annual Licence Fees
The Bank of Uganda has revised the initial and annual licence fees for supervised financial institutions, establishing annual payments at 0.05% of gross annual revenue subject to tier-specific minimums ranging from UGX 10 million to 50 million. These annual fees will be initially calculated using the most recent audited financials and subsequently reconciled once finalized statements are approved, with any difference payable or credited accordingly. Substantially increased initial application fees for new commercial banks, credit institutions, and microfinance entities take effect from 1 December 2021 for applications and 1 January 2022 for annual billing.
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