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Procedures Relative to Foreign Investment

Freedom of Establishment
In Rwanda, local and foreign investors have the right to own and establish business enterprises in all forms of remunerative activity. The Investment Code guarantees equal treatment between foreigners and nationals with regard to business operations, free transfer of funds, and compensation against expropriation.
Furthermore, foreign investors can acquire properties in Rwanda, though there is a general limit on land ownership: while local investors can acquire land through leasehold agreements that can go up to a maximum of 99 years, foreign investors are restricted to leases up to a maximum of 49 years (with the possibility of renewal).
Acquisition of Holdings
Rwanda has neither statutory limits on foreign ownership or control, nor any official economic or industrial strategy that discriminates against foreign investors.
Obligation to Declare
The Rwanda Development Board is the agency responsible for coordinating the governmental activity for investment projects, for services like business registration, investment promotion, environmental compliance clearances, and other necessary approvals. New investors can register online at the RDB’s website and receive a certificate in a short period of time (in some cases as fast as six hours).
Competent Organisation For the Declaration
Rwanda Development Board (RDB)
Requests For Specific Authorisations
All sectors in Rwanda are open to foreign investment and there is no mandatory screening of foreign investment. However, Rwanda Development Board evaluates the business plans if investors request any of the tax incentives provided by the law. Public authorities reserve the right to inspect compliance of foreign investment projects with environment, health and other standards at any stage of operation.

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Actualitzacions: April 2022

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