Local incorporation is required for carrying out insurance activities.
"BOOK III - INSURANCE COMPANIES [...]
Chapter I -  Rules for the formation and operation of insurance companies
Article 273: Form of social capital insurance companies
The companies referred to in the preceding article, constituted in accordance with the law on commercial companies in the form of limited or mixed companies and whose head office is in Burundi, which operate the Damage insurance business, must have a share capital at least equal to at 1,000,000,000 Bif, not including contributions in kind.
Companies practicing the Life and Capitalization insurance business must provide proof of capital of BIF 500,000,000, not including contributions in kind.
Each shareholder must pay, before the final constitution of the company, at least half of the amount of shares in cash subscribed by him. 
Companies which, on the date of entry into force of these provisions, have capital lower than this minimum, must raise it to the level fixed by law and release the remainder in a period of one year. [...]" (Law No. 1/06 of July 17, 2020 revising Law No. 1/02 of January 7, 2014 on the insurance code of Burundi)
Law No. 1/06 of July 17, 2020 revising Law No. 1/02 of January 7, 2014 on the insurance code of Burundi
[<a href="https://investburundi.bi/wp-content/uploads/2023/02/Burundi-Code-des-assurances-2014.pdf">Code</a>]