Costs & Timelines for Setting Up a Business in Rwanda
Business Formation in Rwanda
Plan Your Budget and Launch Schedule
Understanding the costs and timeframes involved in setting up a business in Rwanda is essential for efficient planning. Rwanda is known for its affordability and streamlined processes that make business entry smooth and fast.
Typical Setup Costs:
- Company Registration Fee: Free through Rwanda Development Board (RDB)
- Notarization & Legal Drafting (Optional): Approx. $50–$300 depending on complexity
- Bank Account Opening Fees: Varies by bank (can include minimum deposit requirements)
- Sector-Specific Licenses & Permits: Range from $300 to $2,500 depending on the industry
- Office Rental (Kigali): $200–$1,500/month depending on size and location
- Professional Support Services (via Sokrab): Tailored packages available upon request
Estimated Timelines:
- Name Reservation: Same day (online via RDB)
- Company Registration: 24–48 hours after document submission
- Tax Registration & TIN: Issued automatically with business registration
- Bank Account Setup: 1–3 working days
- Sector Licensing: 1–3 weeks depending on regulator responsiveness
- Operational Launch: Typically within 5–10 working days for most sectors
Why Choose Sokrab?
We offer end-to-end setup packages to save you time, reduce hidden costs, and ensure compliance.
With Sokrab, you’re ready to do business in Rwanda faster than you think.
