October 2018 – Business Consultants KenyaBusiness Consultants Kenya
22
Oct

Company Registration in Rwanda

Doing BusinessCompany Registration in Rwanda

Rwanda at a Glance

Doing Business and Company Registration in Rwanda – Did you Know that Rwanda is the country with the highest ranking in World Bank’s Ease of Doing Business index in Eastern Africa, and the country with the second highest ranking in Sub-Saharan Africa. The Rwandan GDP has on average grown at a rate of 7.1% since 2004  and after Company Registration in Rwanda you get access to the East Africa Community giving you access to a market of about 150 million people and a market size with a GDP of Billion USD 145.

  • Rwanda has in the recent past been Attracting a lot of Foreign Direct Investment due to the following factors;
  • Corporate tax exemption for companies planning to relocate headquarters to Rwanda
  • Beneficial corporate income tax (15%) for some selected sectors, including energy, transport, affordable housing, ICT and financial services
  • Accelerated depreciation of 50% for priority sectors, including tourism, construction, manufacturing and Agro processing
  • Exempted capital gains tax for registered investors
  • Corporate income tax holiday for large projects in selected sectors, including energy, exports, tourism, health, manufacturing and ICT
  • Ease of repatriation of capital and assets

The Tax Regime in Rwanda is Quite Straight forward with  the Tax rate for personal Income ranging from 0 to 30 %,  Corporation Tax is at 30% and Vat at 18%.

For over 1 decade now, East Africa Business Consultants Has assisted many clients with the following Key Company Set Up Services in Rwanda;

  • Company registration in Rwanda
  • Government Licenses Processing
  • Business Bank Account Opening
  • HR Recruitment and Management
  • Work Permit Processing
  • Apartment/Office/Warehouse Sourcing.

Company Registration in Rwanda Summary Table

Entity Subsidiary Company Branch Company
How Long does the Company registration process Take? 3 Days 3 Days
How long Does it take to Open Bank Account?  5 Days 5 Days
After how Long can you Invoice and Hire  8 Days 8 Days
Minimum Number of Directors and Shareholders  1  –
Foreigner Can own the Company 100% Yes Yes
Can the entity hire expatriate staff Yes Yes
Tax Identification Registration required Yes Yes
Access to DRC double Tax treaties Yes Yes
Can bid for Government Contracts? Yes Yes
Can Secure Trade Finance? Yes Yes
Can Secure an Import and Export Licence? Yes Yes
Can Easily Convert into a PLC? Yes No
Can Secure Work permits for foreign Employees and Directors? Yes Yes
Multi Currency Bank Accounts Available? Yes Yes

Kindly Click Here To Contact Us For Additional information on Company Registration in Rwanda or to Request for a Quotation.

18
Oct

Company Registration in the Democratic Republic of Congo

Doing BusinessCompany Registration in the Democratic Republic of Congo

Democratic Republic of Congo at a Glance

DRC Has the Potential to become Africa’s Richest Economy due to the Abundance of Mineral deposits like copper, cobalt, gold, diamonds, zinc, iron and uranium. DRC also has the second Largest Fresh Water river after the Amazon in terms of volume and also has the world’s Second Largest Tropical forest.

The DRC has a Population of about 84 Million People and the Economy is Largely unexploited with Numerous Business Opportunities in the Mining Industry, Energy Sector, Construction and Real Estate, Food Processing and ICT Sector. The Few Sectors restricted for foreigners include establishing retail Commerce (Petit Commerce) and Foreign investment in the Agricultural Sector is Limited at 49% ownership

The Tax regime in the Democratic republic of Congo is Quite Straight forward with  the Tax rate for personal Income ranging from 0 to 30 %,  Corporation Tax is at 30% for Mining Companies, 35% Corporation tax for the other Companies and Vat at 18%.

Company Registration in the Democratic Republic of Congo Summary Table

Entity Subsidiary Company Branch Company
How Long does the Company registration process Take? 10 Days 10 Days
How long Does it take to Open Bank Account?  5 Days 5 Days
After how Long can you Invoice and Hire  15 Days 15 Days
Minimum Number of Directors and Shareholders  1  –
Foreigner Can own the Company 100% Yes Yes
Can the entity hire expatriate staff Yes Yes
Tax Identification Registration required Yes Yes
Access to DRC double Tax treaties Yes Yes
Can bid for Government Contracts? Yes Yes
Can Secure Trade Finance? Yes Yes
Can Secure an Import and Export Licence? Yes Yes
Can Easily Convert into a PLC? Yes No
Can Secure Work permits for foreign Employees and Directors? Yes Yes
Multi Currency Bank Accounts Available? Yes Yes

Kindly Click Here To Contact Us For Additional information on Company Registration in the Democratic Republic of Congo or to Request for a Quotation.

17
Oct

Company Registration In Tanzania

Doing BusinessCompany Registration in Tanzania

Tanzania at a Glance

Company Registration In Tanzania – Tanzanian is one of the Fastest Growing Economies in Africa with an abundance of natural resources, which offering tremendous investment opportunities for investors in several sectors that include Telecom, Fintech, Energy Sector, Real Estate, Agribusiness, Mining, Logistics and Warehousing.

According to RMB Bank 2018 Report, Tanzania is the 7th Best Country to Invest in in Africa, This is as a result to the Peace and  Political Stability, the strategic location, Attractive investment regime, Membership of bilateral Trade Agreements and Presence of Export Processing zones and Special Economic Zones.

Doing Business in Tanzania gives you the luxury to enjoy the leisure destinations that include Serengeti National Park, Stone town in Zanzibar, Mt Kilimanjaro National Park, Mafia Island and Ngorongoro Crater.

The Tax regime in Tanzania is Simple and Transparent and the Tax rate for personal Income ranging from 0 to 30 %, Corporation Tax is at 30% and Value Added Tax  (VAT) at 18%.

Company Registration in Tanzania Summary Table

Entity Subsidiary Company Branch Company
How Long does the Company registration process Take? 10 Days 10 Days
How long Does it take to Open Bank Account?  5 Days 5 Days
After how Long can you Invoice and Hire  15 Days 15 Days
Minimum Number of Directors and Shareholders  2  –
Foreigner Can own the Company 100% Yes Yes
Can the entity hire expatriate staff Yes Yes
Tax Identification Registration required Yes Yes
Access to Tanzania double Tax treaties Yes Yes
Can bid for Government Contracts? Yes Yes
Can Secure Trade Finance? Yes Yes
Can Secure an Import and Export Licence? Yes Yes
Can Easily Convert into a PLC? Yes No
Can Secure Work permits for foreign Employees and Directors? Yes Yes
Multi Currency Bank Accounts Available? Yes Yes

Kindly Click Here To Contact Us For Additional information on Company Registration in Tanzania or to Request for a Quotation.

15
Oct

Company Registration In Uganda

Doing BusinessCompany Registration in Uganda

The Pearl of Africa

Uganda is one of the Best countries to do Business in Africa because it has a stable Macro-Economic Policy, a Growing Internal Market with a Population of about 42 Million people and Accessible Regional Markets.

Uganda offers a wide range of business opportunities in many different sectors that include; Food processing, Real Estate & Construction, Manufacturing, Tourism and hospitality, Transport, Trading, Information technology services, Energy Sector.

Uganda has an Open Approach towards foreign Companies and Company Registration in Uganda is quite straight forward and Foreigners can register and own companies 100 %.

The Tax regime in Uganda is Simple and transparent and the Tax rate for personal Income ranging from 5 to 30 %, Corporation Tax is at 30% and Vat at 18%.

Company Registration in Uganda Summary Table

Entity Subsidiary Company Branch Company
How Long does the Company registration process Take? 10 Days 10 Days
How long Does it take to Open Bank Account?  5 Days 5 Days
After how Long can you Invoice and Hire  15 Days 15 Days
Minimum Number of Directors and Shareholders  2  –
Foreigner Can own the Company 100% Yes Yes
Can the entity hire expatriate staff Yes Yes
Tax Registration Certificate required Yes Yes
Access to Uganda double Tax treaties Yes Yes
Can bid for Government Contracts? Yes Yes
Can Secure Trade Finance? Yes Yes
Can Secure an Import and Export Licence? Yes Yes
Can Easily Convert into a PLC? Yes No
Can Secure Work permits for foreign Employees and Directors? Yes Yes
Multi Currency Bank Accounts Available? Yes Yes

Kindly Click Here To Contact Us For Additional information on Company Registration in Uganda or to Request for a Quotation.

2
Oct

HOW TO APPLY FOR AN INVESTMENT CERTIFICATE IN KENYA

How To Apply For An Investment Certificate In Kenya –  The Kenya Investment Authority is mandated to issue the Investment Certificate to Foreign Investors that Invest at least USD 100,000 and Local Investors who Invest at least 1,000,000 KES. The Investors License Helps In Facilitating the Investor In terms of foreign taxpayer registration, immigration services, National Environmental Management Authority (NEMA) information, Kenya Power and Lighting Company (KPLC) services and Federation of Kenya Employers (FKE) services.

Another Major Benefit to the investor is that they are entitled to three class D Work Permits for management or technical staff and three class C, F or G Work permits for owners, shareholders or partners for a maximum period of two years.

The Investment Application Cycle is as follows;

  • Apply with KenInvest to be a registered investor
  • Proof of investment of at least 100,000 USD for a foreign investor will be required
  • Obtain acknowledgement letter and request for investment certificate
  • There will be inspection of work premises
  • Investment certificate can then be issued upon approval

The Whole Cycle can take about 10 working days and you are required to submit the following Documents;

  • Duly filled Application Forms
  • Copy of Certificate of Incorporation
  • Memorandum and Articles of Association
  • Proof of investment (Local Bank Statement with at least USD 100,000)

We hope that this Blog gave you the insight you Needed on How To Apply for an Investment Certificate in Kenya. Feel free to Contact Us Today for any clarification on the same.

All the Best 😊