Success tips when doing business in Rwanda in 2023
- Your joint venture partner or Rwanda shareholder must not merely be a nominee for the sake of meeting the rules of foreign company incorporation. You should choose a partner that actually brings a lot to the table, including local knowledge your business would need in Rwanda;
- To optimize the success of Rwanda business setup, Healy Consultants recommends your firm i) complete a feasibility study ii) prepare a detailed business plan iii) communicate with the Rwanda Chamber of Commerce iv) speak to your local embassy in Rwanda and v) communicate with Healy Consultants Clients who successfully launched their business in Rwanda;
- Foreign companies should be aware i) Rwanda statistics and market data are usually imprecise ii) transactions tend to take longer than expected iii) more frequent and longer market visits are required, at least initially iv) complex business procedures are common;
- An essential factor in Rwanda business setup is to thoroughly research the business sector you are planning to invest in. Healy Consultants recommends our Client prepare a detailed business plan including an extensive market study and evaluation of competitors.
Frequently asked questions
How many directors are required for starting a business in Rwanda?Only 1 director is required when registering a company in Rwanda.
How many shareholders are required for registering a company in Rwanda?A minimum of 2 shareholders will be required for business registration in Rwanda.
Is it mandatory to have a resident director or shareholder for Company Registration in Rwanda?No. It is not necessary to appoint a resident director or shareholder for registering a new company in Rwanda.
Is a company secretary mandatory for company registration in Rwanda?No. A company secretary is not required for opening a business in Rwanda.
How to register a business in Rwanda?
For business registration, our Client will be required to i) reserve the company name ii) supply the Rwanda office lease agreement iii) sign the company setup forms iv) register for tax and social security and v) obtain a business license.
Healy Consultants’ experts are Rwanda company registration specialists and will assist our Clients at every step.
Can Healy Consultants assist my firm with Rwanda subsidiary company registration?Yes. Our Rwanda company registration services include i) business registration ii) business license registration iii) immigration solutions iv) employment strategies v) business banking solutions and vi) office rental requirements.