Company registration in Tanzania

The ideal option for setting up a profitable large or small business in Africa – is to register companies in Tanzania. This jurisdiction is considered an independent agrarian country, which is located in the eastern part of Africa, has access to the Indian Ocean.

The important sectors of the country's economy: agriculture, livestock, minerals, industry.

Why is it beneficial to register a company in Tanzania?

The main reasons why it is necessary to open a company in Tanzania are:

1. Comfortable location of the country.
2. Stable economy, which develops smoothly.
3. The presence of an ideal ecology.
4. There is a constant need for foreign investment.
5. A large number of opportunities for any type of business.
6. Available labor force.
7. Flexible taxation system.

In addition, you can open a company in Tanzania in different forms.

What kind of business can be registered in Tanzania?

Are you planning to register a company in this country remotely? Then we advise you to carefully study all the forms of business activity listed below.

The following forms of companies can be opened at the moment:

• closed limited liability company;
• firm that is part of a special economic zone;
• tourist agency;
• limited liability partnership;
• representation office.

Entrepreneurs who wish to have a profitable business in Africa are advised to choose the following organizational-legal forms: closed company with limited liability, the firm, which is included in the special economic zone.

The country's taxation system

People who planned to register a company in Tanzania, you need to carefully familiarize yourself with the features of the tax system:

1. Corporate tax is 30%. Sometimes the rate is reduced, is 25%, valid for a maximum of 3 years for certain firms.
2. The tax rate on pharmaceuticals is 20%.
3. The levy on vehicles, tractors, fishing boats is 10%. Valid for 5 years.
4. Firms that enter the free zone are exempt from tax contributions.
5. VAT is 18%. SEZ firms do not pay taxes if they conduct export operations.
6. Tourist firms do not pay taxes.

The tax imposed on dividends is 20%.

Gaining Citizenship in Tanzania

Gaining citizenship in this state – a procedure that requires compliance with certain requirements. For registration a person must live here for at least 5 years, have a legal status. In addition, a person must know the local language well, he must have no criminal record.

Citizenship can be obtained by several methods, for example, making investments in the economy of the state.

An understanding of all types of citizenship allows the applicant to determine the way of its registration, obtaining.

Fast company registration in Tanzania

If you have decided to open a company in Tanzania, to seek help from our firm, you have done the right thing. We:

• have only professional specialists on staff;
• offer clients affordable prices for all services;
• solve problems of varying complexity;
• execute the registration of the company «turnkey»
• we find an individual approach to each client;
• provide customers complete confidentiality;
• provide clients with free legal advice.

No matter what type of economic activity you choose, the staff of our firm will help you to enter the African and then the world market.