Quick Facts about Rwanda
- One of the fastest growing economies in Central Africa. Average growth rate 8% for the last 20 years
- 9.4% GDP growth for 2019
- Second best easiest place to do business in Africa after Mauritious
- Gender equality – 64% of the members of the parliament are women
- Fourth least corrupt country in Africa, number one least corrupt in East Africa
- One of the top luxury eco-tourism and conference destinations in the world
- B+ Long-Term Foreign-Currency Issuer Default Rating (IDR) – Stable Outlook
- Second in Africa and 39th easiest place to do business globally (Doing Business Report, World Bank 2020)
- Over 65% of the population is vaccinated for COVID-19
- Over 96% routine vaccination rate for children
Investment incentives by the Goverment of Rwanda
The standard corporate income tax is 30% but there certain exemptions below:
- International companies with their head office or regional office in Rwanda enjoy 0% tax
- Holding companies, collective investment schemes or investment SPVs enjoy 3% tax
- Rwandan trading companies operation internationally will enjoy 3% on foreign sourced trading income
- Rwanda based IP companies get taxed 3% on foreign sourced royalties
- Rwandan companies in energy, transport, ICT, tourism, affordable housing and financial services enjoy 15% tax
- Rwandan companies that exporting goods and services enjoy 15-25%
- Companies in manufacturing, energy, ICT, health services and export related investment projects, enjoy 7 years of 0% tax
- Companies-investors that are already in 3% & 15% preferential tax regime enjoy also 0% on interest, dividends and royalties.
About Rwanda
Rwanda is an extremely attractive country for foreign investment. It undoubtedly is one of the world’s fastest growing economies with a pro business environment, an expanding private sector and huge infrastructure projects on the go. Big conglomerates such as Volkswagen, Motorola Solutions, Andela, Radisson and Marriot-Sheraton have benn established in Rwanda. Universities such as Carnegie Mellon University from Pensylvania USA (famous in robitics & artificial intelligence), has created campus in Rwanda.The first smart phone factory also operates in the country.
There are still many unexplored investment opportunities. Call us today to schedure a precentation of Rwandas opportunities!