Business and Regulatory Environment

Description

The World Bank Doing Business Report (2013) ranked Rwanda 32nd out of 189 countries, which is a significant jump up by 22 positions from the previous year. It excels in registering property and starting a business by entering the top 10 worldwide. In Rwanda, it takes only 12 days to register property and two days to start a business, which are far less than the regional averages and even the averages of OECD countries. Several reforms have contributed to improving the business environment. For example, recently, Rwanda reduced the time required to obtain a registration certificate for starting a business. It also eased transferring property by eliminating the requirement for a tax clearance certificate and by implementing the web-based Land Administration Information System for processing land transactions. Privatization of state-owned enterprises and reformation to pro-investment policy has actively taken place to attract foreign direct investment (FDI). However, despite no limits on foreign investment, participation, or control of enterprises, FDI levels are still low. Many current investors find the country’s taxation regime and the room interpretation of contracts as the main challenges to investing in Rwanda. Moreover, access to investment and credit by both Rwandan and foreign investors are influenced by networks close to the government or by certain privileged circles of Rwandans abroad (U.S. Investment Climate Statement 2013) .

The Business Environment: Doing Business

Multilateral Trade Instruments

Abstract


The Trade Treaties Map tool is a web-based system on multilateral trade treaties and instruments designed to assist trade support institutions (TSIs) and policymakers in optimizing their country's legal framework on international trade

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