Local and foreign investors in Rwanda will soon start registering their businesses using the internet, according to the Rwanda Development Board (RDB).
The institute’s Doing Business Unit (DB) is working on the viability of programme, expected to contribute towards Rwanda’s target of a double digit position in next year’s World Bank Doing Business ranking.
Rwanda was ranked 139 out of 181 countries in the 2009 Doing Business Report. According to the report, it was also among the top 20 reformers in world and fifth in Africa.
The DB Unit Coordinator, Frank Twagira said in an interview with the Business Times that this is a continuation of the doing business registration reforms.
RDB early this year introduced new business registration reforms. The reform offers a time limit of 24hours from two weeks if the necessary documents are available at a flat of Rwf25,000 from Rwf100,000.
This has been possible through merging of application forms into one incorporation functions, where registration institutions are deployed at registrar General’s Office. Some of the institutions include the Rwanda Revenue Authority (RRA), Social Security Fund of Rwanda (SSFR) and Electrogaz.
Without divulging into details, Twagira said that there has been an increased in the number of businesses registering to operate in Rwanda.
RRA also introduced online tax clearance in order to simplify tax payments and avoid queuing at the treasury’s offices.