Investment opportunities in Rwanda' s industial sector
Posted: Oct 06, 2021
In August 2021, Ministry of Trade and Industry Rwanda has presented the status of Industrial Parks of Rwanda
Industrial Sector of Rwanda contributes 19% to the National Domestic Product (GDP/2020) against the 21.7% targeted by National Strategy for Transformation (NST1). The major industries available in Rwanda are classifies into three subsectors: Agro processing, Construction materials and Light industries. The vision of Rwanda's industrial sector is to promote a competitive industrial that will contribute towards transformation of Rwanda into an upper middle-income country by 2035 and a high-income country by 2050.
Investment opportunities Rwanda's industrial sector
- Manufacturing of construction materials such as metal structures, househouse glasses, Tiles, ect,...
- Manufacturing of home appliances, textile, Pharma industies, glass packaging, medical equipment and industrial machinery
- Manufacturing of vehicles and spare parts, IT and electronic equipment;
- Mineral exploration and processing
Fiscal incentives for investors in Rwanda's industrial sector
- 7 year corporate income tax holiday for large project (50 million USD)
- 5 year corporate income tax for developers of industrial parks and exemption of all domestic taxes
- Guaranteed repatriation of capital and assets
- Subsidized and preferential electricity tariff
- Tax exemption on raw materials and capital equipment
- Preferential corporate income tax of 0% for International Companies that establishes HQs in Rwanda with 10 million USD invested in Rwanda
- 50% reduction preferential corporate income tax for investors exporting at least 50% of total production, manufacturing of textile, ICT Equipment, wood, glass, ceremics, mining, agri equipment and large scale agricultural operations
Non-fiscal incentives
- Quick and free of charge online business registration
- Assistance with tax related services and exemptions
- Assistance to access water and electricity
- Assistance to obtain visa and work permit
- Notary services and assets registration at one stop center
- Provision of aftercare services to facilitate projects implementation
Status of industrial parks in Rwanda
This is the right time for both local and international investors to invest in industrial sector in Rwanda
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