What is Crypto Currency? A cryptocurrency (or “crypto”) is a form of payment that can circulate without the need for a central monetary authority such as a government or bank. Instead, cryptocurrencies are created using cryptographic techniques that enable people to buy, sell or trade them securely. Cryptocurrency is also a key part of the…
Maybe you are interested in making investments. Whatever your long-term financial goals are, you must have money to invest. Putting your extra money in a savings account is a great way to accumulate the money you need for bigger investment opportunities while still earning a small amount of interest on it while you wait…
Can you buy land in Rwanda as a foreigner? 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. So, due to many questions, our team went to gather specific information through the…
What is a W-9 Form and why is my financial institution in Rwanda asking me to sign one? First of all, what is a W9 Form? The purpose of form W9 is to provide your US tax ID, aka TIN: Taxpayer Identification Number, to the person, including a financial institution, who needs to report…
So you want to do a wire transfer? Not a problem, especially if you are transferring large amounts of money. While this is costly, this is one of the safest methods to transfer money. We will walk you through what you need to know. Step 1: Contact your bank at home (you would want…
Yes!! It’s true. Basically, Rwanda will not touch your US money if it is older than 2009. Period. There is no bargaining or pleading you can do, banks won’t touch and even shops have been told not to touch it. So, if you bring any old bills…you just cannot use them. The reason is because…
There are several different banks in Rwanda, with varying banking requirements. Here, we will try to give you an overview of some of the more popular banks. Please note, that as of this time, no bank as the ability for you to strictly set up a banking account online. You must be in person and…
Mobile Money is an app that is known as MoMo. This app helps to transfer or receive money in an easy way using your mobile phone, especially during this period of covid 19 rules everyone is using this app to reduce the risks of spreading it through cash. And with it there is no need…
Owning a property is a dream for many Rwandans. The process of transferring ownership from the Seller to the Buyer in Rwanda is simple compared to other countries. However, sometimes things do not go as planned. A private developer starts a housing project amidst a blitz of publicity. Excited buyers pay substantial deposits to the…
You can buy property in Rwanda even if you don’t have Rwandan citizenship. And, even better, it is actually very simple and fast. Below is the process of transferring ownership of a property in Rwanda. It is the same for foreigners as it is for residents or Rwandan citizens. The steps of buying a property…