Last Change:
02/12/2025
N° 006/2021 of 05/02/2021 Law on investment promotion and facilitation
Year: 2021
Type: Domestic law
Rights Category: Housing, land & property
Description
The purpose of this Law is to promote and facilitate investment in Rwanda.It includes provisions on the guarantees to the investors, defines the priority economic sectors that benefit from investment incentives and the strategic investment projects and it deepens the investment incentives, their granting and approval.
Selected provisions
In this Law, the following terms are defined as follows:
16º foreign investor:
a) an individual who is not a Rwandan national or a resident of a Partner State of the East African Community or of a member State of the Common Market for Eastern and Southern Africa or of a member State of any other Common MarketProtocol that the Government of Rwanda enters into;
b) an individual, a company or a partnership not registered in Rwanda, in a Partner State of the East African Community or in a member State of the Common
Market for Eastern and Southern Africa or of a member State of any other Common Market Protocol that
the Government of Rwanda enters into;
c) a company or a partnership registered in Rwanda whose foreign capital is from countries other than Partner States of the East African Community or member States of the Common Market for Eastern and Southern Africa or of a member State of any other Common Market Protocol that the Government of Rwanda enters into and is at least
fifty-one per cent (51%) of the invested capital following an
agreement between Rwanda and their country of origin;
Upon fulfilling tax obligations in Rwanda, an
investor is allowed to repatriate the following:
1 º the capital;
2 º profits derived from business
activities;
3 º debt and interest on foreign loans;
4 º proceeds from the liquidation of
investment;
5 º other assets of an investor.