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 Location: English   Why invest in Rwanda  Business environment 

Business environment
Thursday, 1 October 2009 - Article by Webmaster

The fastest global business reformer on ease of doing business in the World Bank Doing Business Survey 2010 rankings,
rising up a record 76 places in 1 year – Rwanda is on a path to growth through private investment

“A mecca for venture capitalists” - CNN Money: Business 2.0
“Rwanda is the most undervalued stock on the continent and maybe in the world” - Fortune Magazine

Rwanda’s vision for growth through private investment begins with the President’s Vision 2020.

“The major aspiration of Vision 2020 is to transform Rwanda’s economy into a middle income country...
this will not be achieved unless we transform from a subsistence
agriculture economy to a knowledge-based society, with high levels of savings and private investment.”

President Kagame, recognized globally as the “CEO President”, is advised by a team of global business leaders
including Prof. Michael Porter, Scott Ford and Joe Ritchie.

To allow for this growth, Rwanda has taken many steps:

Simple business taxation for investors

  • As an EAC custom union member, Rwanda has:
    • Duty free importation for products produced within EAC
    • Common external tariff: 0% on Raw materials and Capital Equipment; 15% on intermediate goods; 25% on finished goods
  • Constitutionally protected free repatriation of capital and profits
  • 100% write off of R&D costs
  • Additional fiscal incentives in strategic sectors
  • Continuing work to simplify the taxation system

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