Business Advisory Services
Advisory on minimum oil & gas sector requirements including:
To become a qualified supplier of goods and services in the Oil & Gas Sector.
Apply or update your NSD registration.
Procedure
- Create your account and register
- Complete Application form
- Submit all required documents
- Verification and approval from Petroleum Authority of Uganda
- Upon approval, you will receive an email with the Company NSD Qualification Certificate from Petroleum Authority of Uganda.
NSD Company Qualification Requirements;
- Proof of legal status and name: submission of an authentic and valid Certificate of Incorporation and/or registration.
- Submission of authentic, valid and up to date information on the shareholding and management of the company or entity from Uganda Registration Services Bureau(URSB); attach valid company annual returns.
- Good market conduct, for example, there should be no reported cases of blacklisting of the company or entity or person applying for registration.
- Good liquidity status; attach statement of audited books of accounts
- Proof of compliance with tax obligations with the tax authority; attach tax clearance certificate.
- Proof of compliance with National Social Security Fund(NSSF); attach clearance certificate.
- Valid banker’s reference letter.
- Proof of compliance with national content regulations; (attach your company national content report indicating; local and foreign labor/employees utilized by the company, value of goods and services utilized from Uganda, capacity building initiatives implemented by the company in Uganda; staff training or contractors training)
- Proof of nationality, tax registration, expertise and a report of good conduct by the Police for applications of the natural persons.
All documents submitted should be in English or where necessary translated to English.
The IEC collaborates with various regulatory bodies in the Oil and Gas Sector to enhance the compliance and competitiveness of Ugandan companies.
Through IEC business registration and compliance clinics the companies are supported to;
- Update their tax obligations and obtain Tax Clearance Certificates from Uganda Revenue Authority
- Enhance their corporate governance and compliance strategies with Uganda Registration Services Bureau.
- Meet required standards and obtain certification for their goods and services from Uganda National Bureau of Standards.
- Manage operations in the sector while protecting the environment and complying with the environmental laws and standards for sustainable participation.
- Acquire Occupational Health and Safety Certification and comply with required health and safety standards at the work place.
The IEC facilitates seamless connections between Ugandan and Foreign companies with similar industry goals interested in forming partnerships to participate in the Oil and Gas Sector, as well as other sectors. Through our Connect Platform (this should be a link to the connect portal/page) companies can easily identify and match with a potential partner.
Minimum Requirements for Formation of Joint Venture Partnerships in the O&G sector.
- Identify a potential joint venture partner.
- Conduct a Due Diligence: undertake a thorough due diligence on the partner to ensure transparency and avoid conflict.
- Draft a joint venture agreement clearly demonstrating;
- Name of the Joint Venture Partners; clear demonstration of company registration for
- Both companies must be registered on the National Supplier Database of PAU.
- Clear target scope or business opportunity for participation
- Proof of technical and financial competence for each Party.
- Commitment to national content compliance and National Content Regulations:value addition to Uganda through utilization of local raw materials, goods and services and employing at least 70% Ugandans.
- Commitment to knowledge and skill transfer to Ugandan companies and individuals.
- Demonstration that the Ugandan partner shall have at least 48% shareholding stake in the JV.
- Demonstration of compliance; certificates of incorporation for each Party, detailed plan for recruiting and training Ugandans, JV Organogram.
- Submit the Agreement to PAU for Approval.
- Upon approval from PAU, the companies can proceed to participate in the O&G project opportunities as Joint Venture partners for the approved scope
The JV entity can be established as a new incorporated company or through contractual agreements.
We offer coaching and mentorship support to provide SMEs in Uganda’s oil and gas sector with tailored guidance and practical support to structure their businesses, enhance operational efficiency, improve business performance and profitability, reduce waste, and target growth for business sustainability.
By connecting entrepreneurs with experienced mentors and coaches, the companies build confidence, sharpen skills, and nurture leadership to successfully bid and win tenders in the oil and gas sectors.
Coaching Areas
The IEC guides Ugandan companies on how they can position their companies to have bankable projects. We have partnered with financial service providers to ensure the companies are aware of available financial services to manage their cash flow needs and mitigate financial risks for competitiveness and sustainable participation in the sector.
To prepare Ugandan companies for low demand periods that typically occur after peak demand construction periods of the oil and gas cycle. We offer guidance focusing on sectoral and geographical diversification of their services for business sustainability and consideration on backward and forward linkages within other sectors in the country’s economy.