411 University St, Seattle
We are delighted to announce our membership in KIFC Club, a premier Pan-African financial network. We are looking to forward to transforming Rwanda into one of the leading financial services hubs in Africa.
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Tax and Legal Lead
Over the last 19 years, Adelit Nsabimana has developed a professional experience in various economic development and financial sectors. For the last eight years, he worked as the Economic advisor to the Minister of Finance and Economic Planning and the technical advisor to develop the Kigali International Financial Centre (KIFC) under Rwanda Finance which is an agency of the Government of Rwanda mandated to promote and develop KIFC. Before being involved in public policy and strategy engagements and as a medium level professional staff, he gained an experience of over 11 years in public finances and the banking industry. He was the responsible of the Internal Audit department in Bancor (the current Access Bank Rwanda) for two years after working as an auditor and a team leader in the Office of the Auditor General of State Finances in the Government of Rwanda for five years, as a Credit Analyst in COGEBANK and “Union des Banques Populaires” du Rwanda for four years. Academically, he holds a PhD degree in Economics from Nelson Mandela University in South Africa and a master’s degree in economics from the University of KWAZULU Natal, South Africa.
Defined as: a commercial entity that is established for the sole purpose of owning intellectual property rights.
In addition to multinational tax treaties such as the East African Community Double Taxation Agreement, Rwanda has signed 17 bilateral double taxation agreements (DTAs) and others are under negotiation. Rwanda has DTAs with Angola, Belgium, Czech Republic, Democratic Republic of Congo, France, Jersey, Korea, Mauritius, Singapore, Turkey, United Arab Emirates, China, Luxembourg, Barbados, Morocco, Qatar and South Africa.
Governing Law: Law N° 008201 0f 16/02/2021
Governing Law: Law N° 063/2021 of 14/10/2021
Compliance Director
Jean-Marie Ningenzi has over 13 years of experience in the financial services industry. He held day-to-day responsibility for the compliance activities of Clients at an international fund and corporate service provider in Luxembourg. During his tenure, he managed an array of clients and investors located in various segments and locations. Jean-Marie is a member of the Association of Certified Anti-Money Laundering Specialists (ACAMS).
Finance Director
Christian has over 10 years of experience in finance related functions. He started his career as financial auditor for one of the Big Four accounting firms in Luxembourg, followed by a couple years in operational and internal audit for a prominent multinational agro-food company.
Lately, he was part of the Finance and Treasury department of a French listed company, working on cash optimization and financing solutions.
He holds a Master’s degree in Finance from the Louvain School of Management (Belgium)
Funds Director
Eric has more than 15 years of experience in the fund industry. He has led teams in charge of NAV oversight and structured Alternative Investment Funds in a fund management company. He has extensive experience in client relationship management and business development. He also served as independent director for several Alternative Investment Funds.
Managing Director
Jean-Patrick is an experienced finance professional with a demonstrated history of working in the financial services industry. He has extensive experience in the establishment and management of international corporate and private structures for both corporations and high-net-worth individuals. He has over 15 years professional experience in Financial Accounting, Tax Compliance, and Corporate Governance and has worked with many well-known UK and US Private Equity firms. His career has allowed him to spend time working in several locations, including Rwanda, Belgium, UK, the US and Luxembourg.
•fund management entity •collective investment scheme •wealth management service provider •financial advisory commercial entity •family office services entity •fund administrator •financial technology commercial entity •captive insurance scheme entity •private bank •mortgage finance institution •finance lease commercial entity •asset backed securities entity •reinsurance company •trust and corporate service provider
• No economic substance requirements, provided it is covered through the license requirement under the relevant specific regulations
• 15% Preferential corporate income tax rate
• 0% Preferential withholding tax on dividends, interest, and royalty payments
Governing Law: Law N° 059/2021 of 14/10/2021
Defined as: a commercial entity making deposits in financial entities in Rwanda to finance its trading activities outside Rwanda and not authorised to import or export goods in Rwanda.
Law N° 006/2021 of 05/02/2021
Defined as: a type of scheme where there is an arrangement for collecting and pooling funds from investors or participants for the purpose of investment in the interest of each participant or investor represented by his or her proportional ownership in the pool.
Law N° 006/2021 of 05/02/2021
