The ISO code of Rwanda is RW according to the ISO 3166 standard. The local name of the country is the same as its English name. Rwanda capital city is Kigali. People in Rwanda speak the French, English, and Kinyarwanda languages. On 1 July 1962, Rwanda emerged as a sovereign political entity. In the year 07/01/1962, Rwanda emerged as a sovereign political entity. The largest city in Rwanda is Kigali.
Rwanda is located in the UTC +02:00 time zone, which is also called Central Africa Time or CAT. The internet country code top-level domain (ccTLD) for Rwanda is .rw. The International dialing code for Rwanda is 250. People in Rwanda drive on the right side of the road. Total land area of Rwanda is 26,338 km² (approx. 10,169 mi²). Rwanda is a landlocked country.
Rwanda is located in Africa. Rwanda is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Rwanda faces various issues, including deforestation that results from uncontrolled cutting of trees for fuel, overgrazing, soil exhaustion, soil erosion, widespread poaching.
Doing business in Rwanda
We offer various corporate services in Rwanda jurisdiction. These services can serve both, people coming from Rwanda and foreigners. If you plan on doing business in Rwanda you might be interested in contacting us.
To find out about starting your business in Rwanda click on company formation in Rwanda.
To find out how to open a bank account in Rwanda and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Rwanda.
Choose preferred service below or continue reading to find out more about Rwanda.
Demographics of Rwanda
The total population of Rwanda is 12,501,156 people. In Rwanda, the population density is 416 people per square kilometer (1,082 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is diverse according to a fractionalization scale which for Rwanda is 0.3238. Rwanda has approximately 452406 foreign immigrants. The median age is approximately 18.7 years. In Rwanda, 8.02 in every 100 people use internet. Rwanda has a Human Development Index (HDI) of 0.506.
The majority religion of Rwanda is Christianity, Rwanda is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Rwanda.
Culture of Rwanda
People in Rwanda speak the French, English, and Kinyarwanda languages. According to data on inbound tourists in Rwanda, 864,000 tourists arrive in the country each year. One of the most popular national dishes of Rwanda is ugali. To read more click on culture of Rwanda.
Geography of Rwanda
Rwanda is considered to be a large nation because of its total area. Its total land area is 26,338 km² (approx. 10,169 mi²). Rwanda is located in Africa. Its capital city is Kigali. Rwanda has 4 neighbouring countries. Its neighbours include Burundi, Democratic Republic of the Congo, Tanzania, and Uganda. Total length of land borders of Rwanda is 930 kilometers (~359 miles).
The highest point of Rwanda is Mount Karisimbi, with its official height being 4507 m (14,787 ft). Including land mass and EEZ, the total area of Rwanda is approximately 26,338 km² (~10,169 mi²). The most notable natural resources found in Rwanda are gold, cassiterite (tin ore), wolframite (tungsten ore), methane, hydropower, arable land.To read more click on geography of Rwanda.
Economy of Rwanda
The currency of the country is Rwandan franc. The symbol used for this currency is Fr, and it is abbreviated as RWF. 1.3% of population in the country are unemployed. The total number of unemployed people in Rwanda is 162,515. Each year, Rwanda exports around $0.54 billion and imports roughly $1.94 billion. The Gini Index of the country is 46.8. Rwanda has a Human Development Index (HDI) of 0.506.The Global Peace Index (GPI) for Rwanda is 2.42. Rwanda is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are cement, agricultural products, small-scale beverages, soap, furniture, shoes, plastic goods, textiles, cigarettes.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Rwanda is $18,901 billion. Each year, consumers spend around $4,281 million. The ratio of consumer spending to GDP in Rwanda is 0%, and the ratio of consumer spending to the world consumer market is 0.0123. The corporate tax in Rwanda is set at 30%. Personal income tax ranges from 0% to 30%, depending on your specific situation and income level. VAT in Rwanda is 18%. In 2013, Rwanda received 878.9 million USD in foreign aid.In 2014, the foreign aid amounted to 1264 USD.To read more click on economy of Rwanda.
Infrastructure of Rwanda
Infrastructure quality in Rwanda is rated to be at 2.32. It indicates a mediocre quality - roads, railroad, ports and other facilities are able to handle somewhat significant traffic, but not enough to ensure smooth transit at all times.
In Rwanda, 18% of the population has access to electricity. There are 1,447 internet hosts in Rwanda. Rwanda has 7 airports nationwide.
The logistics performance index of Rwanda is 2.76. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 2.94. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
The number of road motor vehicles per 1000 inhabitants in Rwanda is 223. To read more click on infrastructure of Rwanda.
Politics of Rwanda
Rwanda, is a semi-presidential constitutional republic. With regard to political and civil freedoms, Rwanda is 3. Citizens in Rwanda experience little to no civil liberties and political rights. Citizens are not free to express themselves and do not enjoy political freedom or a representative government. Countries with this political situation are dangerous for investment, as an authoritarian government may have outsize control over economic matters. The head of the government is Paul Kagame.
According to the World Bank Group, the government effectiveness index of Rwanda is 0.02. This indicates that the government of Rwanda is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Rwanda before considering any business maneuvers.In Rwanda, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Rwanda is 2.42. The strength of legal rights index for Rwanda is 11. Overall, it is considered to be rather strong - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders quite well; credit information is abundant and easily accessible. In 2013, Rwanda received 878.9 million USD in foreign aid. In 2014, the foreign aid amounted to 1264 USD. Rwanda is a member of the United Nations (UN). On 18 September 1962, it joined the UN as a full member state. Rwanda is a member of the African Union (AU). On 25 May 1963, it joined the AU as a full member state. Rwanda is a member of the World Bank. To read more click on politics of Rwanda.
Environment of Rwanda
Rwanda emits 0.1 metric tons per capita of CO2. 3161 km² of Rwanda's territory is covered in forests. and forest land comprises 12% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Rwanda is 223. To read more click on environment of Rwanda.
Company formation in Rwanda
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Rwanda.
When establishing a company in Rwanda, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Rwanda that will affect the establishment and growth of one's business. Contact us or click on company formation in Rwanda to read additional information when setting up a business.
Bank account opening in Rwanda
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Rwanda. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Rwanda, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Rwanda or contact us.