Buying Property in Rwanda as a Foreigner: A Complete Guide
Are you a foreigner looking to invest in real estate in Rwanda? If so, there are several questions you may be concerned about. Is it even possible for foreigners to buy property in Rwanda? What are the legal requirements? How much does it cost? In this guide, we’ll answer all your questions and provide you with all the information you need to help you make an informed decision.
Can foreigners buy real estate in Rwanda?
Yes, foreigners can buy and own real estate in Rwanda. According to the 2015 land law, foreigners can own land for residential purposes, but they are not allowed to own agricultural land. However, foreigners can lease agricultural land for up to 50 years, with the possibility of renewing for another 15 years.
Legal requirements to buy real estate in Rwanda
To buy real estate in Rwanda, you must meet several legal requirements. These include:
Obtaining a certificate of title
Before you can buy a property in Rwanda, you must obtain a certificate of title from the Rwanda Land Management and Use Authority (RLMUA). This certificate serves as proof of ownership and is issued after completion of a land registration process.
Obtaining a tax clearance certificate
To buy property in Rwanda, you must obtain a tax clearance certificate from the Rwanda Revenue Authority (RRA). This certificate shows that you have no outstanding tax obligations in Rwanda.
Obtaining Rwanda Development Board (RDB) approval
Foreigners looking to buy property in Rwanda must obtain approval from the Rwanda Development Board (RDB). This approval is granted after an evaluation of the investor’s credentials and the proposed investment.
Obtaining a work permit
Foreigners wishing to buy property in Rwanda must obtain a work permit from the Directorate General of Immigration and Emigration of Rwanda. This permit is required to undertake any work or investment in Rwanda, including the purchase of property.
Cost of buying real estate in Rwanda
The cost of buying property in Rwanda varies depending on several factors including location, type of property and size. The cost of land in Kigali, the capital of Rwanda, is generally higher than in other parts of the country. As of 2023, the cost of land in Kigali ranges from $70 to $200 per square meter, while the cost of land in other parts of the country ranges from $10 to $50 per square meter.
Apartments and houses are also available for purchase, with prices ranging from $50,000 to $500,000 depending on location and property size.
Conclusion
Buying a property in Rwanda as a foreigner is possible and relatively simple, provided you meet the legal conditions. These include obtaining a certificate of title, a tax clearance certificate, Rwanda Development Board approval and a work permit. The cost of buying a property in Rwanda varies depending on location, type of property and size. By following the guidelines outlined in this guide, you can successfully invest in real estate in Rwanda as a foreigner.
