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Ben Parkinson
Ben Parkinson
  • 1 Minute Read
  • 09th October 2012

Rwandan capital set for flexible offices

Industry leading flexible office provider Regus have announced the opening of their first business centre in Kigali City.

 

The move comes off the back of a 40% year on year increase in enquiries for Regus serviced office space across the continent, as African businesses look to build on a recent upsurge in corporate profitability.

 

Rwanda was ranked 45th in the World Bank’s Doing Business 2011 annual report - a measure of the ease of setting up and running a business – putting it third highest among the African nations after Mauritius (23rd) and South Africa (35th).

 

The lack of bureaucratic legislation in the country means that registering a new company is comparatively cheap, with the average registration time for a new business only three days.

 

Recent tax cuts – a result of Rwanda’s latest economic growth – have encouraged local entrepreneurs, whilst trans-national corporations are predicted to be attracted by the ease of obtaining credit in comparison to many more established centres.

 

Such foresight could see Rwanda surpass its closest economic rivals on the African market before the end of the decade.

 

Regus’ centres will provide a cost-effective and technologically versatile means of supporting businesses in Rwanda. The company now boasts a global network of serviced offices across 97 countries, including seven in East African economic centres such as Kenya, Mauritius, Madagascar, Tanzania, Uganda and Zambia.

 

The success of the serviced office model in burgeoning markets shows the value of flexible work spaces to start ups and corporations alike, as they look to expand into uncharted territories.