Detailed business registration guide in Rwanda expand your business this year.

Registration of business in Rwanda is done at the Rwanda Development Board.(RD B )

The registration of business in Rwanda is very firster mostly when the lawyer is guiding the entire process, within in 24 hours registration would be finished and the certificate of business registration would be granted by the Rwanda Development Board.

When Rwanda Development Board Approves ( R D B) , Rwanda Revenue Authority issues the Tax Identification Number (T I N) Prior to the production of the certificate of registration.

In the legal process of the company formation, the term incorporation shall be used for legality of the company to gain legal personality independent from its directors.

Business registration in Rwanda is governed by the Following laws.

law number 019/2023 of 30/03/2023 amending law Number 007/2021 of 05/02/2021 governing companies official Gazette number special Bis of 30/032023

Law number 007/2021 of 05/02/2021 governing companies official gazette number 4 ter of 08/02/2021.

Un incorporated business with as one owner that personally pays income tax on profits earned through business.

This type of business is easy to start up, making it common in the individuals single contractors, experts or consultants or small business owners. enterprises owned individually, operating business in their own names because creating a trad name or separate business is not necessary.

CATEGORIES OF COMPANIES IN RWANDA.

There are two types of companies in Rwanda:

. Public company

. Private company

The law governing companies provides for the Compony limited by shares and by guarantee: a company in which liabilities of share holders are limited to paid or un paid amount on the shares they may also be limited by guarantee, where liability of the members are limited to the amount that the members undertake

to contribute to the assets of the company in case of winding up.

Company limited by shares This imply to the company in which liability of its share holders is limited to the amount paid or un paid on the shares held by them whereas the company limited by guarantee refers to a company used primarily for non profit organization and having the liability of its members limited to the amount as agreed by the members.

Un limited company, implies to accompany whose members legal liability in all members shares have a total and joint liability to cover all contingent debts

A public limited company if formed by moral or by natural persons liabilities are limited to their shares and minimum initial share capital as set out by regulations.

A public limited company has no business limits of the specific type of business to engage in, on the number of share holders and on arrangement of its shares on a stock exchange. minimum share holders is one and there is no set maximum number .

Important requirements for the formation of the company in Rwanda:

In Rwanda , a company can easily be registered if it fulfill the following requirements:

.Having a name.

.Having one or more share holders.

.In case of accompany limited by shares, having one or more shares.

. Having one or more directors at least one of whom must ordinarily reside in Rwanda.

Registration requirements for a foreign company or subsidiary in Rwanda.

. Power of attorney to present the company in Rwanda ( notarized copy)

. A fully authenticated copy of memorandum articles of association notarized.

.Certificate of registration? incorporation issued by the authority legally assigned by the government to play that role.(notarized copy)

. Notarized resolution from the legally authorized agency allowing to set up a branch.

. Passport copies of the share holders/ directors.

. List of Directors residing in Rwanda at least for one year.

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