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Summary of the procedure Print Summary of the procedure No previous step Pay registration and notarisation fees

Where to go?

You will have to go to the following agencies. The number indicates how many interactions are required with each entity.
Bank of Kigali
1
Rwanda Development Board (x 4)
2 3 4 5

What you will get

The objective of the procedure is to obtain those documents.
Certificate for registration of security interests in movable property
5
Certificate for registration of security interests in movable property 

Required documents

The documents with green band will be provided to you during the procedure.

Legal persons
Representatives
Payment slip (BK) (x 2)
1
Payment slip (BK) 
Credit agreement
3
Credit agreement 
Power of attorney
3
Power of attorney 
Proof of ownership of the movable property
3
Proof of ownership of the movable property 
RRA payment receipt for notarisation fees (original)
3
RRA payment receipt for notarisation fees (original) 
Board resolution (movable, org)
3
Board resolution (movable, org) 
Power of attorney
4
Power of attorney 
Proof of identity (x 4)
3 4
Proof of identity 
Security interest in movable property application form
4
Security interest in movable property application form 
Notarized credit agreement
4
Notarized credit agreement 
Notarized evidence of ownership right to the property
4
Notarized evidence of ownership right to the property 
Payment receipt (movable property registration fees)
4
Payment receipt (movable property registration fees) 
Certificate of domestic company registration
4
Certificate of domestic company registration 
Notarized board resolution
4
Notarized board resolution 
Representatives
Power of attorney
5
Power of attorney 
Proof of identity
5
Proof of identity 

How much?

This list shows the costs in all steps of the procedure.
Estimated cost of the procedure  RWF 23,600  
RWF 20,000 (for security interest in movable property registration) 
RWF 1,200 (for the certified copy of the proof of ownership of the movable property) 
RWF 800 (per page of credit agreement) 
RWF 800 (for the notarization of the board resolution authorizing the use of the property as collateral) 
RWF 800 (for the notarization of the authorization to use the property as collateral if the legal person is not the lawful owner of the property) 

How long ?

The estimated total time is calculated by adding the time spent: 1) waiting in queue, 2) at the counter and 3) between steps.
  min. max.
Total time (sum): 1 d 1 d
of which:
Waiting time in queue (sum):  10mn 2hr 45mn
Attention at counter (sum):  25mn  50mn
Waiting time until next step (sum): 1 d 1 d

Legal justification?

The regulations which justify the procedure and its content
Law No 11/2009 of 14/05/2009 on Security Interests in Movable Property22232425Law No 11/2009 of 14/05/2009 on Security Interests in Movable Propertymovable%20property%20law%2epdfmovable%20property%20law%2epdf Law No 11/2009 of 14/05/2009 on Security Interests in Movable Property
 (articles 22, 23, 24, 25)
Minister of Justice's Instructions of 2005 setting notary feesMinister of Justice's Instructions of 2005 setting notary feesinyandiko%20ya%20noteri%2epdfinyandiko%20ya%20noteri%2epdf Minister of Justice's Instructions of 2005 setting notary fees
3 - Registrar General's instructions on security interest in movable property registration46Security interest in movable property application formrg%20instructions%20movable%2epdfscreen%20shot%20movable%2epng Registrar General's instructions on security interest in movable property registration
 (articles 4, 6)