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

EntitySubsidiary CompanyBranch Company
How Long does the Company registration process Take?10 Days10 Days
How long Does it take to Open Bank Account? 5 Days5 Days
After how Long can you Invoice and Hire 15 Days15 Days
Minimum Number of Directors and Shareholders 2 –
Foreigner Can own the Company 100%YesYes
Can the entity hire expatriate staffYesYes
Tax Identification Registration requiredYesYes
Access to Tanzania double Tax treatiesYesYes
Can bid for Government Contracts?YesYes
Can Secure Trade Finance?YesYes
Can Secure an Import and Export Licence?YesYes
Can Easily Convert into a PLC?YesNo
Can Secure Work permits for foreign Employees and Directors?YesYes
Multi Currency Bank Accounts Available?YesYes

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