Online Company registration in Rwanda | Registering a company in Rwanda | Rwanda company registration | Starting a business in Rwanda as a foreigner
Located in the heart of East Africa, Rwanda is a landlocked country with a growing economy and a favorable business environment. As a member of EAC and the African Continental Free Trade Area (AfCFTA), it provides access to a larger market and opportunities for regional integration and trade. The government has implemented policies and reforms that have made it easier to start and operate a business, attracting both local and foreign investors.
Our primary role as professionals in company registration in Rwanda, is to assist you in the whole process pertaining the procedures before and after company registration in Rwanda. This entails collaborating with you to select the best legal structure for your company.
We contribute to the creation of a strong and active business community in Rwanda by assisting enterprises in establishing themselves and navigating the complex regulatory environment thus contributing to the country’s economic development.
After registering a company in Rwanda , we then go ahead and help you with Tax consultancy, Bank account Opening, Recruitment, General business advisory, Trademark registration and many more services to help your business thrive in Rwanda
Rwanda Development Board Company Registration in Rwanda | RDB Rwanda Company Registration
The Rwanda Development Board (RDB) is a government agency charged with fast tracking the economic development in Rwanda.
This is the agency with the role of registering companies in Rwanda and also facilitating investment.
Registering a company in Rwanda is now online through the RDB portal. This is true for both domestic and foreign companies.
There are no statutory fees when registering a company in Rwanda, However as consultants, we charge a reasonable fee to help you in registering a company in Rwanda, For a registered address and business bank account opening.
If you are considering to embark on Company Registration in Rwanda, here are some key things you need to know.
Doing Business in Rwanda | Why invest in Rwanda
Favorable Business Environment:
Rwanda has implemented policies and reforms to create a conducive environment for businesses. The country has simplified the process of registering a company in Rwanda and hence making it easier for entrepreneurs to set up and grow their businesses.
Strategic location:
Rwanda is located in the heart of East Africa, making it an ideal gateway to other African markets. The country has a well-developed transportation network, including an international airport and a modern road network that connects Rwanda to neighboring countries.
Political stability & Investment-friendly policies:
Rwanda has enjoyed political stability in recent years, which has contributed to a predictable business environment. The government has implemented policies and reforms to promote economic growth and development, and has a track record of supporting businesses. Rwanda’s government has put in place several policies geared toward encouraging foreign investment. These policies include tax incentives, simplified process for registering a company in Rwanda, and intellectual property protection.
Investment in infrastructure:
Rwanda has made significant investments in infrastructure, including ICT, energy, and transportation. This has created opportunities for businesses in sectors such as ICT, logistics, and construction.
Access to regional markets:
After company registration, you automatically get access to the East African Community (EAC) and the African Continental Free Trade Area (AfCFTA), which provide access to a larger market and opportunities for regional integration and trade.
Skilled workforce:
Rwanda has a young and educated workforce, with a high literacy rate and a strong work ethic. The country has invested in education and training, producing a skilled workforce that is capable of supporting businesses in a variety of sectors.
Access to a skilled workforce:
Rwanda has a young, well-educated labor force with a literacy rate of more than 70%. The government has made significant investments in education, and various universities and technical colleges that produce highly competent graduates in a variety of sectors.
Strong economic growth:
Rwanda’s economy has grown at a rate of more than 7% each year during the last decade. Its expansion has been fueled by the government’s emphasis on infrastructure development, education, and encouraging private-sector investment.
How to register a company in Rwanda | How to open a Company in Rwanda | Company Registration procedure in Rwanda | Procedure for Online Company registration in Rwanda
Step 1: Choose and reserve a business name:
Select a unique name for your company that is not already in
use in Rwanda. Through the Rwanda Development Board (RDB) website, you can check and reserve a business name.
Step 2: Prepare your documents:
You will need to prepare the required documents depending on
the company you wish to register. The requirements are mentioned below
Step 3: Register your company with RDB and RRA:
Under RDB company registration You will lodge the documents
listed in step 2 in order for the company Registration process to start. At the
end of the process, a Certificate of Incorporation will be issued.
After registering a company in Rwanda, you should register for
taxes with the Rwanda Revenue Authority (RRA) for ease of payment of taxes and transactions within Rwanda.
Step 4: Obtain necessary permits and licenses:
After Company Registration, You may need to seek
extra permits and licenses from the relevant authorities depending on the
nature of your business.
Step 5: Open a bank account:
To perform business activities, you will need to open a bank
account for your company. Currently there are 16 commercial banks to choose from.
Lear more about us and our services here
Requirements to register a company in Rwanda | Requirements for Registering a company in Rwanda
Requirements for Subsidiary / Company Registration in Rwanda;
- Preferred name of the proposed company
- A Description of the activities of the Business/ Company
- Passport size photographs of all the directors and shareholders
- Physical and e-mail address, telephone number and occupation of all shareholders/directors of the proposed company
- Local physical address of the company
- Share apportionment percentage.
- Power of attorney to represent the company in Rwanda. (Notarised)
- A duly authenticated copy of the memorandum Articles of Association. (Notarised)
- Certificate of Registration/Incorporation issued by the registration authority in the country of incorporation. (Notarised)
- Notarised resolution from the authorized agency authorizing to open a branch.
- Passport copies of the shareholders/directors.
- List of directors residing in Rwanda (at least One)
Types of Companies in Rwanda | Rwanda Company Registration Options
Company limited by shares:
This is a type of company where the liability of its members is limited to the amount of shares they hold. In the event of the company being wound up, the members will only be liable for the unpaid amount of their shares.
Company limited by guarantee:
This is a type of company where the liability of its members is limited to the amount they have guaranteed to contribute to the company in the event of its being wound up. This type of company is commonly used by non-profit organizations.
Company limited by shares and by guarantee:
This is a type of company that combines the features of both a company limited by shares and a company limited by guarantee. It has members who hold shares, and their liability is limited to the amount of shares they hold. It also has members who have guaranteed to contribute a certain amount in the event of the company being wound up.
Unlimited company:
This is a type of company where the liability of its members is unlimited. In the event of the company being wound up, the members will be liable for all the debts and liabilities of the company.
Protected cell company:
This is a type of company that has the ability to segregate its assets and liabilities into separate cells, each of which is treated as a separate legal entity. This is commonly used in the insurance industry, where each cell can be used to underwrite a different type of risk.
Business owners can choose the type of company that best suits their needs and objectives.
Conclusion
In conclusion, Company Registration in Rwanda is concluded by the issuance of a business registration certificate which has a unique enterprise code that acts as a unique identifier of the business in relation to any public agency. The Enterprise/Company code is also the tax identification number (TIN).
Rwanda is a promising business hub with a favorable business environment, a growing economy, and a strategic location. With its investment in technology, innovation, and agriculture, the country offers a range of opportunities for businesses looking to grow and succeed in Africa. Contact Us Today for any question you might have on Company Registration in Rwanda