8.16% average year-on-year real GDP growth rate from 2007-2011
1. Sustained High Economic growth
- 8.16% average year-on-year real GDP growth rate from 2007-2011, stable inflation, and exchange rate
- 3 year GDP growth rate is one of the highest among African economies and neighboring countries
2. Robust Governance
3. Access to Markets
- The market of over 10 million people with a rapidly growing middle class
- A hub for rapidly integrating East Africa: located centrally bordering 3 countries in East Africa, part of the EAC Common Market and Customers Union with a market potential of over 125 million people
4. Investor-Friendly Climate
5. Untapped Investment Opportunities
Potential opportunities for investment abound, particularly in the following sectors:
- Infrastructure: Opportunities in rail, and air transportation to further develop Rwanda as an EAC hub
- Agriculture: Backbone of the economy. Potential for growth through productivity and value addition
- Energy: Power generation, off-grid generation, and significant methane gas, hydro, and other opportunities
- Tourism: Unique assets creating a booming sector, growth potential in birding and business/conference tourism
- Information and Communication Technology: Priority sector for Vision 2020, new ICT park to be developed
Other attractive sectors include Real estate and construction, financial services, and mining
With the recently approved investment law, Rwanda has an array of investment incentives for investors
With the recently approved investment law, Rwanda has an array of investment incentives for investors ready to invest in the key priority sectors as indicated below:
Fiscal incentives
- Zero corporate income tax for companies planning to relocate headquarters to Rwanda
- 15% preferential corporate income tax for strategic sectors i.e. energy, transport, affordable housing, ICT, and financial services.
- Accelerated depreciation of 50% for key priority sectors i.e. tourism, construction, manufacturing, and agro-processing
- Exemption of capital gains tax
- Seven-Year corporate income tax Holiday for large projects in strategic sectors i.e energy, exports, tourism, health, manufacturing, and ICT
- Repatriation of capital and assets
Non-Fiscal incentives
- Quick business and investment online registration
- Assistance with tax-related services and exemptions
- Assistance to access utilities (water & electricity)
- Assistance with obtaining visas and work permits
- A one-stop center that provides notary services
- Provision of Aftercare services to fast-track project implementation
NB: All fiscal incentives listed above have requirements that need to be fulfilled before they are granted
