Investment facilitations

In order to faciltate investment in Rwanda , the government has put the following in place;

Rwanda Missions abroad
Rwanda maintains 23 Embassies and high commissions abroad as well as 22 consulates and other representations. These have a respnsibility of promoting investments in Rwanda among other responsibilities.

Rwanda Development Board(RDB)
RDB established in 2008 is a government agency with the mandate to fast track and facilitate economic development in Rwanda. RDB is therefore a one stop independent government agency with experienced and knowledgeable staff in the investment sector. The role of RDB is summarised as follows;

  • RDB provides investors with a “one stop” investment services center.
  • RDB organizes investment conferences both in Rwanda and abroad to attract foreign investment.
  • RDB assists potential investors in securing all required approvals, certificates, land for their projects, work permits, and tax incentives.
  • Legally, foreign firms are treated equally with regard to taxes, access to licenses, approvals, and procurement.
  • RDB evaluates Business plans of investors seeking tax incentives to record incoming foreign investment and to better allocate investment incentives to qualified foreign investors.
  • RDB consolidates several government agencies previously involved in promoting investment the Rwanda Investment and Export Promotion Agency (RIEPA), the Rwanda Commercial Registration Service Agency (RCRSA), the Human Resource and Institutional Capacity Development Agency (HIDA), the Rwanda Information and Technology Agency (RITA) and the Rwanda Office of Tourism and National Parks (ORTPN).

Privatisation Secreatariat and Rwanda Procurement Agency
The Government established the Privatization Secretariat and the Rwanda Public Procurement Agency to ensure transparency in tenders and diverstment of state-owned enterprises.

Special Grants
The Government offers grants and special access to credit to investors developing in rural areas.

Commercial Courts
Rwanda in 2008 opened a specialized commercial courts that address commercial disputes and facilitate enforcement of property and contract rights.

Economic Zone
The Government promotes industrial and commercial development through establishment of new Free Economic Zone regime to boost export trade

About The Author

Related posts