Requirements for a Sole Proprietorship Business:

• RDB registration document.

• Business owner and representative ID and proof of address. This may include any of the following documents:

• Intro/reference letter from individual Bank / MoMo operator confirming individual and address

• A voided cheque that shows detailed address

• Bank/MoMo statement

• Recent utility bill

• Tenancy agreement indicating individual’s address

• Payout details: Corporate bank account details or MoMo details for processing payouts (transfers)

• Operational business address - attach proof of address. This may include any of the following documents:

• Intro/reference letter from individual Bank / MoMo operator confirming individual and address

• A voided cheque that shows detailed address

• Bank/MoMo statement

• Recent utility bill

• Tenancy agreement indicating individual’s address

• Verifiable website URL showing business activities.

• Estimated monthly sales.

• RRA Tax Clearance certificate for the company

• Resident permit  (only required if nationality is not the same as home country).

• A clear and legible valid means of identification such as:

• National ID (preferred)

• International Passport

• Government Foreigner's ID (non-local only)

• Government Refugee ID

Important: The expiry dates for your identity document should not be 6 months later than the day you create a Flutterwave account.

Requirements for a Limited Liability Company:

• RDB registration document.

• Full information registration of domestic company

• Article of Association / Business Registration Documents (optional)

• Shareholder Structure (Optional)

• Signed Board Resolution to open an account with Flutterwave

• IDs and proof of address for business representatives, directors, and shareholders. This could be any of the following:

• Intro/reference letter from individual Bank / MoMo operator confirming individual and address

• A voided cheque that shows a detailed address

• Bank/MoMo statement

• Recent utility bill

• Tenancy agreement indicating individual’s address

• Board resolution confirming that approval has been given to open an account with Flutterwave.

• Payout (transfer) details: Corporate Bank account details or MOMO details.

• Proof of Operational Business Address. This could be any of the following:

• Intro/reference letter from individual Bank / MoMo operator confirming individual and address

• A voided cheque that shows a detailed address

• Bank/MoMo statement

• Recent utility bill

• Tenancy agreement indicating individual’s address

• Verifiable website URL showing business activities.

• Estimated Monthly Sales.

• RRA Tax Clearance certificate for the company

• Resident permit (only if nationality is different from home country).

• Valid means of ID (clear and legible)

•    National ID (preferred)

•    International Passport

•    Government Foreigner's ID (non-local only)

•    Government Refugee ID

Please note: The expiry date of your identity document should not be later than six months from the date of submission.

Requirements for opening an Other Entity account in Rwanda

• Certificate of incorporation (RDB registration document)

• Full information registration of domestic company

• Article of Association / Business Registration Documents

• Operating License/ Permit

• Expected Donations

• RGB ( Rwanda Governance Board Certificate) for NGOs

• RSA Certificate for associations

• Board resolution letter signed by directors of the NGO

• Shareholder Structure (Optional)

• Payout details: Corporate bank account details or MoMo details.

• Proof of operational business address.  This could be any of the following:

• Intro/reference letter from individual Bank / MoMo operator confirming individual and address

• A voided cheque that shows detailed address

• Bank/MoMo statement

• Recent utility bill

• Tenancy agreement indicating individual’s address

• Verifiable website URL showing business activities.

• Estimated monthly sales.

• RRA Tax Clearance certificate for the company

• Resident permit  (only required if nationality is not the same as home country)

• Valid means of identification (clear and legible):

•    National ID (preferred)

•    International Passport

•    Government Foreigner's ID (non-local only)

•    Government Refugee ID

Please Note: The expiry dates for your identity document should not be 6 months later than the day you create a Flutterwave account.

What payout (transfer) methods are available to Rwandan merchants?

For Rwandan merchants, we provide three convenient payout options: direct bank transfers with settlements usually within 24 hours  wallet payouts, including MoMo (MTN and Airtel Money). These payout options allow for seamless fund transfers, either directly to your designated bank account, momo account or from your Flutterwave for Business wallet to another.

During signup, you will have the opportunity to select your preferred payout method based on your convenience and preference.

What Collection method is available to Rwandan customers?

Rwandan businesses can use the following collection methods: card payments and Mobile Money, which include MTN Mobile Money and Airtel Money.

Can foreign nationals open business accounts in Rwanda?

Yes, foreign nationals can open business accounts in Rwanda. To do so, they need to provide the necessary identification documents, work/resident permits or authorizations, a valid Identity document, and meet the other requirements set by the bank.

Can I use a mobile money (MoMo) account instead of a bank account?

Yes, you can use a mobile money (MoMo) account in place of a bank account. To set up your account, select MoMo as your preferred payout method and provide your Momo details.

Can foreign nationals open business accounts in Rwanda?

Yes, foreign nationals can open business accounts in Rwanda. To do so, you must provide the necessary identification documents, work/resident permits, a valid Identity document and meet the other requirements set by the bank.