As Rwanda solidifies its position as a key financial hub in East Africa, the establishment of trusts has become an increasingly relevant topic for both individuals and businesses. The introduction of Law N° 120/2021 of 16/01/2021 Governing Trusts (the “Trust Act”) has provided a comprehensive framework for the creation, management, and dissolution of trusts in Rwanda, opening new avenues for wealth management, asset protection, and estate planning. Types of Trusts and Key Parties This new legal framework recognises several types of trusts, including express, resulting, constructive, charitable, and private purpose trusts. Understanding these different types is critical for choosing the…
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