Property for sale in Rwanda

Is the capital and largest city of Rwanda. It is situated in the centre of the nation, and has been the economic, cultural, and transport hub of Rwanda since it became capital at independence in 1962. Get more information on property for sale in Kigali.

2/ Country:Rwanda

Is a small landlocked country in the Great Lakes region of east-central Africa, bordered by Uganda, Burundi, the Democratic Republic of the Congo and Tanzania. Home to approximately 10.1 million people, Rwanda supports the densest population in continental Africa, most of whom engage in subsistence agriculture.

3/ Property for sale in Rwanda

Rwanda is still recovering from the 1994 genocide and civil war between the dominant Tutsi minority and majority Hutu. An estimate of one million Rwandans died out of an estimated population of 8 million.

The economic and security situation has somewhat stabilized. However, the government remains relatively ineffective, and the peace between the ethnic groups is fragile.

All land is still owned by the government. Property titles are issued only when a structure is built on property. Investors must seek authorization from local government authorities to build on vacant land. Leases are available for 50 to 99 years. There are no restrictions on investment in any sector, making Rwanda's investment regime one of the world's most liberal. Rwanda has adopted several initiatives, including a one-stop shop, but corruption, political instability (including the lingering issue of Hutu refugees in the neighboring Democratic Republic of Congo), and a nascent legal regime are persistent deterrents.

Rwanda's scores for business freedom, investment freedom, financial freedom, property rights, and freedom from corruption are very low. Investment procedures have been streamlined, but political instability is still a major deterrent. The judicial system lacks enough qualified magistrates and independence, and legal procedures are subject to corruption. Inflation is high.

Rwanda has moderately high tax rates. The top income tax rate is 35 percent, and the top corporate tax rate is 30 percent. Other taxes include a value-added tax (VAT) and a property transfer tax. In the most recent year, overall tax revenue as a percentage of GDP was 13.6 percent.