The President who came to Rwanda for the celebration of the 25th anniversary of Rwanda’s liberation was later received by RDB CEO, Clare Akamanzi to hold talks.
The Business Registration is 100% an online process and free of charge. For those in Rwanda, a registration support team is availed by the Office of the Registrar General to assist clients who meet difficulties during online registration.
Rwanda is ranked 29 among 190 economies in the ease of doing business from the 41st the previous year, according to the latest World Bank annual ratings
The progress was attributed to seven reforms facilitating business.
Among these reforms, Rwanda has made starting a business less costly by replacing electronic billing machines with free software for value added tax invoices.
Rwanda improved the monitoring and regulation of power outages by beginning to record data for the annual system average interruption duration index (SAIDI) and system average interruption frequency index (SAIFI).
Rwanda also made getting electricity more time and cost efficient by having the utility supply all connection material.
Among other reforms; Rwanda made registering property easier by improving the land dispute resolution mechanisms of the land administration system, strengthened access to credit by enacting a new insolvency law. An automatic stay is now imposed on secured creditors for a period of 6 months and the law provides for reliefs from such stay when the assets are perishable or are not needed for the reorganization of the company.
Rwanda reduced the time required to export and import by implementing the Single Customs Territory, risk-based inspections and online certificates, made enforcing contracts easier by issuing new rules of civil procedure which limit adjournments to unforeseen and exceptional circumstances.
The country also made resolving insolvency easier by making insolvency proceedings more accessible for creditors and granting them greater participation in the proceedings.