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%.
|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|