Company Registration In Tanzania – Business Consultants KenyaBusiness Consultants Kenya

Company Registration In Tanzania

Doing BusinessCompany Registration in Tanzania

Tanzania at a Glance

Company Registration In Tanzania – Tanzanian is one of the Fastest Growing Economies in Africa with an abundance of natural resources, which offering tremendous investment opportunities for investors in several sectors that include Telecom, Fintech, Energy Sector, Real Estate, Agribusiness, Mining, Logistics and Warehousing.

According to RMB Bank 2018 Report, Tanzania is the 7th Best Country to Invest in in Africa, This is as a result to the Peace and  Political Stability, the strategic location, Attractive investment regime, Membership of bilateral Trade Agreements and Presence of Export Processing zones and Special Economic Zones.

Doing Business in Tanzania gives you the luxury to enjoy the leisure destinations that include Serengeti National Park, Stone town in Zanzibar, Mt Kilimanjaro National Park, Mafia Island and Ngorongoro Crater.

The Tax regime in Tanzania is Simple and Transparent and the Tax rate for personal Income ranging from 0 to 30 %, Corporation Tax is at 30% and Value Added Tax  (VAT) at 18%.

Company Registration in Tanzania Summary Table

Entity Subsidiary Company Branch Company
How Long does the Company registration process Take? 10 Days 10 Days
How long Does it take to Open Bank Account?  5 Days 5 Days
After how Long can you Invoice and Hire  15 Days 15 Days
Minimum Number of Directors and Shareholders  2  –
Foreigner Can own the Company 100% Yes Yes
Can the entity hire expatriate staff Yes Yes
Tax Identification Registration required Yes Yes
Access to Tanzania double Tax treaties Yes Yes
Can bid for Government Contracts? Yes Yes
Can Secure Trade Finance? Yes Yes
Can Secure an Import and Export Licence? Yes Yes
Can Easily Convert into a PLC? Yes No
Can Secure Work permits for foreign Employees and Directors? Yes Yes
Multi Currency Bank Accounts Available? Yes Yes

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