In musanze, MINICOM and Rwanda Cooperative Agency met and discussed with business representatives from all sectors of Musanze and Nyabihu about new commercial laws regulating business.
Some of new commercial laws include insolvency law to facilitate traders rescue trade in case of bankruptcy and also law relating to intellectual properties for artists and know how to protect their properties.
These new commercial regulations were enacted as a result of emerging business dynamics and registering business within 24 hours through new laws and help Rwandans to access loans, said Asiimwe Susan, the legal advisor at the ministry.
This new system will also facilitate investors to access East African Community market where 30 percent of imported products, will be taxed zero on registered products, and company laws will bring new picture of the registered companies, said Assimwe
Nsengiyunva, a resident of Musanze says, since Rwanda joined EAC, things are still expensive and every day the Government assures them zero tax, yet MINICOM hasn’t implemented what their promises.
Mwambutsa Emable, a representative of business men in his sector, says FRW 10,000 fee on income of any business to register as a cooperative was a good idea, but finds a hindrance to result into unnecessary business everywhere.
Registration fee for business via Internet will be free but if registered with RDB, the registration price is Frw 10,000, but MINICOM and RDB also facilitate low income earners below Frw 10,000 to pay Frw3,000 to RDB, said Assimwe Susan in MINICOM.
They urged the participants to be participative in all angles and manage to save some money for trainings and develop their business.
Assimwe added: “After training we leave with the participants soft copy and put them in sectors, especially with our experts with right contacts.
Gahutu Ezekiel, a businessman, says tax on imported products should be having a fixed tax if a commercial license is provided and recognized by Rwanda Revenue Authority or RDB.
Kamali Edward, a consultant in BDC from Nyabihu district says what MINICOM has done will prove his daily work consultancy and manage to help people from his district.
As the training was based on new laws governing cooperatives and small scale business to facilitate citizens get involved in business easily, MINICOM will further go to other districts.
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