Economic Overview & Business Opportunities
Why Do Business in Rwanda? This Guide Explains
Many factors will affect the decision to start a business. In Rwanda, some of those factors depend on the economic overview and business opportunities in the country.
Economic Overview of Rwanda
Located in East-Central Africa, Rwanda is one place in Africa that is both profitable and a very viable business option. Especially for the entrepreneur who has been thinking about venturing into this market for a long time. The capital of the city is Kigali. Entrepreneurs who want to start a business here can do it in less than a day.
While it is true that you might not come across the usual multinationals you’re used to, business opportunities still exist. The nation is home to about 12 million people. Finding the manpower you need to fill the position within your company’s ranks is not going to be impossible.
Since Rwanda is overlooked as a business nation, it is much easier to start a business here given the low entry barriers. There is even more good news for start-up companies and entrepreneurs. If you’re looking to save cost, you’ll be happy to know that several office setup options available for a very reasonable price.
Why Consider Doing Business in Rwanda?
A nation needs to have the right business opportunities and reasons to attract entrepreneurs. Every entrepreneur starts a business with a goal to make it as successful as possible. Before committing to any decision, entrepreneurs will be looking for business opportunities and the right reasons to start a business in Rwanda.
Here are some reasons that make Rwanda a viable business option:
- It is one of the top three African nations for starting a business.
- No minimum needed to start investing in the country.
- Well organised public sector.
- The government has an ambitious development agenda to boost the nation’s growth.
- It is a low-risk investment option.
- It is strategically positioned. It is the gateway between the East African Community trade region and the DRC
- Large local demand in key sectors.
- Fast internet connection.
- It is a fast-growing economic region.
Ready to Start a Business? Let 3E Accounting Help
Let our incorporation experts guide you through the process of starting a business in Rwanda. Our global network of professionals has insight and expertise to make your incorporation process an easy journey. Starting a business in a foreign country is never easy. But with the right team of people on your side, it could be.
Are you ready to seize the business opportunities available? For more information about 3E Accounting’s Rwanda company incorporation services, contact the team today.
- Transfer Pricing Solutions
- Risk Management Services
- Aruti Payroll and Human Resources Management System
- Business Advisory
- Human Resource
- Financial Statement Review & Compilation
Profession: Certified Public Accountant of Kenya; Advanced Diploma in International Taxation, UK (ongoing)
Membership: Institute of Certified Public Accountant of Kenya (ICPAK) and Institute of Certified Public Accountant of Rwanda (iCPAR)
Years of Experience: 10 years in accounting and audit.
Qualifications: James holds a Bachelor of Arts (Economics option) from University of Nairobi and is a Certified Public Accountant of Kenya. He has served many clients in Kenya, Rwanda, Burundi, Uganda and Tanzania in various sectors such as mining, agriculture, education, trading, consulting, energy, etc.