Municipality Status
On 18th January 2006, the Government of the Republic of Uganda signed a comprehensive Memorandum of Understanding (MoU) with Kagera Eco-Cities Limited, authorizing the development and construction of Sseesamirembe Eco-City: Lake Victoria Free Trade Zone.
- The MoU offers fiscal and administrative incentives.
- Domiclie companies exclusively operating in the Free Trade Zone are exempted from Income Tax, Customs Duties, Corporate Income Tax and Value Added Tax (VAT).
- Lake Victoria Free Trade Zone was granted powers of a municipality and a charter based on international best practices of governance that ensure Red Tape and Corruption Free (RTCF) administration.
- The Eco City has the power to enact ordinances that are in harmony with the Constitution of the Republic of Uganda, so as to ensure that development is controlled and occurs in an ecologically friendly and orderly manner.
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