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Compliance guide · Uganda

Bank of Uganda large-SACCO licence application checklist

What reporting says a large-SACCO licence application needs — documents, submission point, fees, and timeline — for SACCOs above both Bank of Uganda thresholds.

Before you apply

Confirm your SACCO is above both Bank of Uganda large-SACCO thresholds — use the threshold checker if you haven't already. This checklist is for SACCOs above both thresholds that are preparing a licence application.

Documents reported as required

Media reporting on Bank of Uganda's published guidance describes the following as required with a large-SACCO licence application (UgandaWallStreet; PML Daily):

  • A copy of the certificate of registration issued under the Cooperative Societies Act.
  • Evidence that institutional capital exceeds UGX 500 million.
  • Evidence that voluntary savings exceed UGX 1.5 billion.
  • Details of the business location — head office and any branch offices.

These are reported, not independently confirmed against Bank of Uganda's own published guidelines document — confirm the current, complete list directly with Bank of Uganda's Non-Bank Financial Institutions Department before submitting.

Where to apply

Reporting describes applications as submitted to Bank of Uganda's Non-Bank Financial Institutions Department, after first obtaining registration from the Registrar of Cooperatives.

Fees reported

  • Application processing fee: UGX 100,000
  • One-time licence fee: UGX 500,000
  • Annual renewal fee: UGX 500,000

Fees and forms can change — confirm current amounts directly with Bank of Uganda before submitting payment.

Timeline reported

Reporting describes evaluation of a complete application as completed within six months of Bank of Uganda receiving a complete set of information.

After you apply