A trust company is a legal entity that acts as a fiduciary, agent, or trustee on behalf of a person or business for the purpose of administration, management, and the eventual transfer of assets to a beneficial party.
According to a statement released by the company’s management, MLCS has been added to the list of first approved Rwandan owned Trust and Company Service Providers in accordance to the regulation N° 52/2022 of 01/09/2022 of the National Bank of Rwanda governing Trust Company Service Providers.
The company got the approval on 6th February 2023. Apart from the licensing, MLCS has so far joined different associations including the Kigali International Financial center’s Club; European Business Chamber of Rwanda and the American Chamber of Rwanda.
MLCS operates in the financial non-banking sector targeting corporate and private clients who require a fast and professional range of corporate, fund and fiduciary services by providing administrative, accounting, taxation, legal and compliance services.
It is headed by Headed by its Founder and Managing Director, Ms. Lydie Murorunkwere and a team of experienced professionals who combine the latest technologies and data analytics with their experience in law, finance, accounting, taxation, human resources and business to ensure that investor’s organizations will run smoothly at all times.
Lydie Murorunkwere is a strategic senior executive leader with more than 20 years of experience in senior roles with a focus on business development for organizational success.
She has built a strong institutional relationship while working in the Rwandan banking system at the Commecial Bank of Rwanda (I&M) and BPR (Atlas Mara), proving an ability to resolve multiple and complex issues related to sales, legal, financial and operational administration.
Alongside setting up and incorporation of companies and structures, MLCS will also share expertise in the areas of Corporate Secretarial and Administrative services; Corporate governance, Legal and compliance Assistance, Taxation and Accounting; Private Notary services, intellectual property, Assets Management and Administration for real Estate as well as Venture Capital and Private Equity Services.
In order to support the Rwandan government efforts to establish a strong financial center in Rwanda, attracting investment funds and innovative financial services, MLCS is proposing a suite of tailored trainings for corporate, public institutions and learning partners.
The trainings will be provided in the specific sectors of Corporate and Investment Law; Risk Management, Compliance and Regulation; Marketing and Customer Care; Entrepreneurship and data protection; Accountancy and taxation; Climate Change and Renewable Energy Finance; Investment analysis, Project finance and Capital Markets.