Rwanda's New Capital Gains Tax was recently legislated by the Rwandan Government implementing a new 29% Capital Gains Tax on profits from property sales which has brought substantial changes in the real estate landscape. This legislative change, signed into law on September 5, 2023, aims to regulate profits from property sales. In addition It introduces a new financial consideration for...
If you're considering this step, you've probably wondered how to navigate the process and what documents are necessary for approval when it comes to buying a house or an apartment in Rwanda. In this comprehensive guide, we'll walk you through the steps and requirements to get a mortgage in Rwanda, combining both old and new information to provide you with a complete picture. Understanding Mortgages in...
This is probably one of the questions that we get asked the most. The simple answer to this is: Yes! You can buy property in Rwanda even if you don’t have Rwandan citizenship. It is actually very simple and fast. Below we describe the process of transferring ownership of a property in Rwanda. For foreigners, residents, and Rwandan citizens alike, the process remains largely identical. The only...
By Akash Ladha, Managing Partner of ALCPA – A leading Audit & Advisory Firm in Kigali. ALCPA is happy to provide you with more information and answer questions you may have. You can contact ALCPA on +250-787-200-784 or team@alcpaltd.com. Rwanda's real estate and property market attract a considerable amount of domestic and foreign investment. If you are planning to invest in...