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FILING OF ANNUAL RETURNS AND GOOD STANDING CERTIFICATE

According to Law no 007/2021 of 05/02/2021 governing companies; each registered company in Rwanda must follow post-registration compliance requirements and failure to comply attracts sanctions provided by the law.
The directors ensure that the company delivers to the Registrar General not later than seven (7) months after its accounting reference date in the case of a private company, and four (4) months after its accounting reference date in the case of a public company: 
1º    a copy of signed and approved annual accounts; 
2º    a copy of the auditor's report on those accounts; 
3º    the reports of directors relating to the same accounting period as those annual accounts.

Directors ensure that the company delivers to the Registrar General each year, during the month allocated to the company, an annual return in the prescribed form signed by two (2) directors of the company, or if there is only one (1) member, by that member and confirming that the information that is on the register is correct as at the date of the return. 


CERTIFICATE OF GOOD STANDING


In today's business landscape, a certificate of good standing holds significant importance for companies. This document serves as proof that a business is properly incorporated and authorized to operate in its jurisdiction.
A certificate of good standing is issued by Rwanda Development Board (RDB). It confirms that the company is legally registered, compliant with state regulations, and authorized to conduct business. 
This certificate is often required by banks, government agencies, and other entities when a business seeks to open a bank account, enter into contracts, or participate in government bidding and procurement.
Got questions? Talk to us we help you comply.

Image by Milos Lopusina
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