Speaking on Salam TV’s Omukeeze show hosted by Aminah Nabukenya, URSB’s Mukuye Andrew said the mass deregistration reflects the bureau’s renewed commitment to compliance and streamlining business operations across the country.
Mukuye explained that legal ownership of a company is established only through proper registration with URSB. Beyond formalizing enterprises, he noted that registration also plays a critical role in resolving community disputes tied to business ownership.
“Neglecting statutory obligations such as filing returns undermines transparency and accountability,” Mukuye said. “That is why URSB has taken decisive action against defaulters.”
He described the exercise as a “wake-up call” for entrepreneurs who have been lax in meeting legal requirements. According to Mukuye, compliance is not merely a bureaucratic step but a safeguard for both the business and the wider community.
“Ownership of a business or company is determined by registering it, and this may help in resolving conflicts in the community,” he noted.
The URSB official urged Ugandans to follow the correct registration process and to remain diligent in filing annual returns to avoid similar penalties. He added that many enterprises still operate informally, leaving them exposed to disputes and limiting their access to financial services and investment opportunities.
Analysts say the crackdown signals a new era of accountability in Uganda’s corporate space, reinforcing the idea that compliance is a foundation for sustainable business growth rather than an optional requirement.
URSB has not indicated if a grace period will be offered for companies seeking reinstatement but has maintained that all businesses must meet statutory filing obligations to remain active on the register.