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Foreign Direct Investment

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.

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 😊

 

2
Oct

New Guidelines for application of work Permits in Kenya

New Guidelines for application of work Permits in Kenya – The Government through the Interior Cabinet Secretary Dr Fred Matiangi has issued new guidelines requiring all foreigners looking to work in Kenya to apply for their work permits before their arrival in the country. According to the Department of Immigration Services, this move will help reduce the number of illegal foreign workers in the country.

The two Major forms of Permits Issued Include the Class G and Class D Work Permits

  1. Class D Work permit

According to the Department of Immigration Services, this permit is issued to a person who is offered specific employment by a specific employer, the Government of Kenya or any other person or authority under the control of the Government or an approved technical aid scheme under the United Nations Organization or some other approved Agency (not being an exempted person under section 34 (3), who is in possession of skills or qualifications that are not available in Kenya and whose engagement in that employment will be of benefit to Kenya.

  1. Class G Work Permit

According to the Department of Immigration services, this permit is issued to a person who intends to engage, whether alone or in partnership, in a specific trade, business, consultancy or profession (other than a prescribed profession) in Kenya.

  1. Special Pass

An applicant can also apply for a special pass which takes about 10 working days if they wish to enter Kenya or remain in Kenya for:-

  • A limited period for the purpose of applying a review of a decision denying a permit
  • Applying for a permit or pass
  • Temporarily conducting any business, trade or profession.

Some of the New Guidelines are yet to be fully effected, We shall keep you Posted if there is a Change In the application Process. Feel free to Contact Us for any help in the application Process.

All the Best 🙂

 

7
Aug

How to Find Agents & Distributors in Kenya

How to Find Agents & Distributors in Kenya – Finding Agents & Distributors in Kenya can be at times a Daunting task for Companies and Business owners looking to expand their Market into this region. This However negate the need to find Local Agents and Distributors to help you access the Kenyan Market and also the Larger East and Central African Region with a total Population of about 140 Million People.

We follow the following simple steps To help you Find Agents & Distributors in Kenya .

  1. We start by identifying your Company, Product and Service offering and then together with you we help you identify the Geographical Area and the Demography to Target. This then informs on whether a Company or an individual would be the best fit taking into consideration the Commission to give and the kind of Sales Volumes to expect from the Agent.
  2. The 2nd step is to analyze your Particular needs, Products, Services and Current Distribution channels available in Kenya and then recommend on the Most efficient methods to bring import your product / service, r on the best Set Up for you and the distribution Channels to embrace.
  3. The 3rd Step is to analyze the various Agents and Distributors in our Database and carefully selecting the ones that perfectly match your requirements. On Average we send you a list of about 15 Agents/ Distributors and incase the list is not Sufficient enough we normally run Specific Ads targeting agents that fit in your requirements. This Process is Climaxed by the Process of helping you choose the Best Agent/Distributor
  4. On the 4th step we help you Negotiate and Contract the Agents and Distributors making sure that your interests are well taken care of, The commission Plan is well captured, the obligations of each party is well captured and a clear conflict resolution criteria is explicitly stated.
  5. Lastly we shall from time to time check on the Performance of the Agent and distributor in Kenya giving them the necessary support to ensure that their targets are met and also guiding you on the necessary changes in the Market and Kenyan Laws that might affect the performance of the uptake of your Services and products in Kenya.

We really hope that this blog has answered your questions on how best to find Agents & Distributors in Kenya. Feel free to Contact Us Today for a detailed explanation on how best to Find Agents & Distributors in Kenya or for a customized approach that suits your specific needs.
Many thanks and all the best 🙂

10
Jul

Investing and Doing Business in Kenya

Investing and Doing Business in Kenya – Are you looking to Expand your Business into East and Central Africa?

Then Kenya is the Best Option for you. Kenya is one of the key logistical conduits into the East and Central African Market consisting of Kenya, Burundi, Djibouti, Democratic Republic of the Congo, Ethiopia, Rwanda, Somalia, South Sudan, Sudan, Tanzania, Uganda with an average GDP Growth of about 6%.

Many foreign companies establish their regional headquarters in Kenya due to the numerous Business opportunities and also because of the improvement of the ease of doing Business over time.

Kindly Click on this Link for More and to Download the FREE Handbook on Investing and Doing Business in Kenya

Reasons As To Why Investors Prefer Kenya Include The Following;

  • Qualified Work Force
  • Dynamic Private Sector
  • Harmonious industrial Relations
  • Preferential Market Access
  • High Returns
  • Convenient Time Zone

Available Investment Opportunities In Kenya Are Spread Across The Following Industries

  • Energy Sector
  • Information and Information and Communication Technology
  • Manufacturing Sector
  • Pharmaceutical Sector
  • Tourism Sector
  • Transport and Infrastructure Sector
  • Agricultural Sector
  • Trade Sector
  • Water and irrigation Sector
  • Building& Construction
  • Mining Sector

Kindly Click on this Link for More and to Download the FREE Handbook on Investing and Doing Business in Kenya

The Incentives Granted to Foreign Investors by the Government of Kenya include the following;

  • Manufacture Under bond programs
  • 100% investment allowance
  • Duty and VAT exemption on machinery, Equipment’s and Raw materials.
  • Export processing zones
  • Special Economic Zones

Kindly Click on this Link for More and to Download the FREE Handbook on Investing and Doing Business in Kenya