URA grants Dembe Enterprises Restricted Licensed Financial Operator license

Uganda, Kampala: Uganda Income Authority (URA) has granted Dembe buying and selling Enterprises, one of many oldest and main distribution homes in East Africa, the celebrated Licensed Financial Operator (AEO) license in recognition of its continued compliance with the varied customs guidelines, processes and requirements.

This was throughout the Licensed Financial Operator Awards Convention held at Speke Resort, Munyonyo, on eleventh November 2022.

AEO is a commerce facilitation program on the worldwide motion of products which have been permitted by or on behalf of the Customs administration that complies with the World Customs Group provide chain safety requirements. The popularity seeks to boost commerce by lowering the price of doing enterprise via simplifying customs procedures therefore preferential therapy for the businesses.

Receiving the certificates on behalf of the corporate, Mr Anil Damani, the Chief Government Officer of Dembe Buying and selling Enterprises Ltd applauded Uganda Income Authority and Commerce Mark East Africa for his or her efforts in direction of making cross border commerce extra handy. He additionally recommended the regulator for recognizing their contributions and granting the choose few corporations the AEO standing to facilitate clean enterprise operations inside Uganda and the EAC.

“We’re excited to have obtained this certification because it signifies that we’re extremely compliant as an organization, the certification is extraordinarily vital for us because it enormously improves the transactional velocity of logistics throughout the landlocked confines of the state. We attempt to do enterprise in keeping with the legal guidelines of the land and imagine our foremost obligation is to the residents of Uganda. We due to this fact guarantee we contribute to the event of the nation by complying with the tax necessities, and the related customs legal guidelines and laws in our operations,” he stated.

“Thanks URA and TradeMark East Africa for the position you play is guaranteeing that we will function easily as a enterprise and ship on our buyer promise. This certification means we will avail our merchandise to our shoppers in a well timed method since we are going to take pleasure in sooner items clearance, inspection and preferential therapy accorded on the customs and another companies by the regulator,” he concluded.

The first targets for AEO are producers, customs clearing brokers, bonded warehouse keepers, importers, exporters, transporters, and freight forwarders.

Different advantages embody precedence therapy when Customs selects the products for examination and improved cargo dealing with effectivity on the seaport that leads to fast container and truck turn-around time to reduce demurrage and truck detention prices.

Dembe employs roughly over 1,000 individuals straight and plenty of extra not directly. Dembe is an entirely owned Ugandan firm and has been in existence for 25+years. It serves each main area, district, metropolis, city and buying and selling centre within the nation and manufactures a variety of merchandise from UBISCO biscuits to Odorex Sanitizers, wakisha, hermela, kreamy, snack assault, Rio, and snowman’s ice cream.

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