1. Sustained High Economic growth

• 8.2% average year-on-year real GDP growth rate from 2018-2023, stable inflation and exchange rate.
• One of the fastest growing African economies in the last decade; exceeding the avg. African growth rate.

2. Robust Governance

• Political Stability and Security: Rwanda has a low crime rate, fostering a sense of security and stability.
• Effective law enforcement: A transparent judicial system which ensure the rule of law is upheld.

3. Access to Markets

• Preferred access market for ~80m people living in proximity with additional access to African and global markets through robust free trade agreements such as EAC, COMESA and AFCFTA.
• Strong air connectivity with direct flights to Africa, Europe, Middle East and Asia and a USD 1 Bn dollar airport under construction.

4. Investor Friendly Climate

• No restrictions on foreign ownership and attractive tax incentives.
• Inclusive economic growth model prioritizing gender equality, youth empowerment and climate resilience.
• Rwandan government aims to have the largest number of double taxation avoidance agreements (DTAA) in Africa and beyond. So far Rwanda has signed agreements with Morocco, Mauritius, South Africa, Belgium, Qatar, Singapore among others.

5. Untapped Investment Opportunities

• Infrastructure
• Agriculture
• Real Estate and Construction
• Tourism
• Manufacturing
• Health
• Mining
• Information and Communication Technology (ICT)
• Global Business Services (GBS)
• Education
• Green Economy

Rwanda has created an enabling Investment Environment

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

For more details on investment incentives or setting up in Rwanda, see the Law on Investment Promotion and Facilitation or the services provided by the One Stop Centre. Please reach out to the investment team at ipd@rdb.rw for additional questions.”