Why do business in Rwanda?
- Rwanda is one of the fastest growing economies in Africa with an estimated growth rate (GDP) of 8.7% for 2019
- Rwanda has strong service sectors within IT, infrastructure, mining, and tourism
- Rwanda is ranked as the 2nd country for “Ease of Doing Business” on the continent which for many industries makes it the perfect test bed and entry point to east Africa.
Business friendly regulation
- #2 in Africa for Ease of Doing Business and Global Competitiveness
- 7 year Corp. income tax (CIT) holiday for investors investing more than $50M in the country
- Business environment assessed annually resulting in new investor-friendly reforms each year
Multiple incentives for exporters & priority sectors
- Preferential CIT rate: 15% if 50% of production exported outside EAC or for priority sectors – 0% tax if regional HQ in Rwanda
- Accelerated first year depreciation rate of 50%
- Duty-free imports of machinery & inputs within EAC
Efficient, supported processes
- Free business registration
- Highly digitalized and efficient administration (6 hours to register a business)
- One-stop center for investors with dedicated investment acceleration and aftercare team
Commitment to foreign ownership
- No restrictions on foreign ownership
- No restrictions on capital flows
- Capital gains exemption on sale or transfer of shares
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