Investors in the tourism industry will benefit from new tax breaks introduced by Uganda as it prepares to compete for business with the coming into effect of the East African Common Market in two months.

The tax exemptions are on building materials and furniture for hotel investors in the national parks, as well as all tourist vehicles imported into the country.

The tax breaks will be on offer for one year.  

The government is also looking to partner with the private sector in building stopover hotels along major tourist routes.

The Common Market will allow free movement of persons, goods, services and even residence, ideally opening competition in all sectors.

Uganda's tourism industry has remained under-developed despite the existing potential. There are inadequate tourist facilities around national parks where most of the tourism products are found.

Tourism earns an estimated $630 million annually and is growing at a rate of 8%, making it one of the most lucrative investments in Uganda.

Some of the opportunities include improving infrastructure in Murchison, Queen Elizabeth and other parks. 

For further information on opportunities in Uganda's tourism industry contact:

Uganda Investment Authority: info@ugandainvest.com