Lake private islands for sale in Uganda
Uganda is the country in East Africa, bordering Sudan in the north, the Democratic Republic of the Congo in the west, Rwanda and Tanzania in the south, and Kenya in the east. Although the country has no access to the sea or ocean, the largest tropical lake in the world – Victoria is located here. The area of the lake is 68 thousand sq. km., and the maximum depth reaches 80 meters. On this lake you can find private islands for sale.
An important fact is that Uganda can boast a rapid improvement of the economic situation. This is especially true for its southern part, where the situation greatly improved for the last 30 years. More and more tourists come here for vacation and hiking. However, Northern Uganda is still not the best place for tourists and its visiting is not recommended for safety reasons.
Are there any private islands for sale in Uganda now?
So, today at once 3 private lake islands are put up for sale in Uganda:
- Koome Island – USD4,000,000
- Nsonga Island – USD1,500,000
- Sindiro Island
An advantage of the lake islands in Uganda is their proximity to civilization and peace at the same time. The tropical climate and easy access to the city make these islands great options for organizing a resort. You can get to any island in less than an hour.
You may learn more about islands in Uganda here.
Can the foreigners buy an island in Uganda?
According to the legislation of Uganda, foreigners cannot buy the land on freehold conditions, since the Constitution of 1995 grants the land ownership exclusively to Ugandan citizens. This refers also to the legal entities. So, you cannot register a company in Uganda to buy an island (as in some European and Asian countries).
However, there is an alternative. You can lease the island for 49 or 99 years. Rent or lease of private islands in Uganda from their legal owners or the government is possible. But note that you may not use the island for crop or livestock production, as this is prohibited by law. At a minimum, you should obtain government permission.
It is also important to note that the Ugandan land registry is outdated and not transparent. This can be an obstacle to the purchase of an island and investment. In 2021 there are still cases of fraud related to the sale of real estate in Uganda. Certainly, it is unlikely that someone will plan to defraud you with the purchase of the whole island, but this is another reason to find reliable legal support to buy the island in Uganda.
Become the owner of African island
Thousands of tourists come here in search of exotics and experiences. You may offer the tourists your views on the rest if you buy and develop one of the lake islands in Uganda or in Seychelles. On the other hand, you can buy an island for yourself and relax in your tropical possessions away from the noise and crowds. Now it is all possible.
We also remind you that at the beginning of 2022 we will launch new features on the FindIslands website – a catalog of islands for sale and rent, a convenient user panel for owners, and search for buyers. Subscribe to our updates so you don’t miss anything.