A foreign investor may opt to register a new limited liability company (local company) or seek business existence of a foreign company in Tanzania by establishing foreign company. Under the Tanzanian Companies Act, Act. No. 12 of 2002 establishing a new company in Tanzania requires making an application to the Registrar of Companies at the Business Registration and Licensing Authority (BRELA) to acquire a Certificate of Incorporation.
The company incorporated will be considered as a local company.
This company may be a company limited by shares or limited by guarantee with a share capital.
Prior to establishing a local entity in Tanzania one must have ready the following matters;
-
Memorandum and Articles of a called with company objects and rules respectively
-
Total authorized capital, nominal share value, and initial share allotment
-
Names of at least two directors that may act as first directors of the company
-
Names of at least two shareholders
-
Local content consideration. There are certain businesses which require Tanzanian shareholders like mining, Broadcasting business, Telecommunication business
-
At least 3 options of prospective company names for clearance as most names may be unavailable and having options in place may save a lot of time
-
Statutory declarations forms (14a and 14b) that are filed parallel with the MEMARTs.
Mwisho (End):
Kama umependa makala hii weka maoni yako ya shukrani hapo chini au washirikishe marafiki zako wa kwenye Facebook, Instagram, Linkedin, Whatsapp, Twitter na kwenye email au mitandao mingine ya kijamii. Wasiliana nasi kama unataka kuweka kwenye blogu au website yako kwa maelekezo zaidi
If you found this article helpful please leave the comment below or share to your friends in Facebook, Instagram, Linkedin, Whatsapp, Twitter and in email or other social media. Contact us if you plan to list in your blog or website for further instructions.
Tutembelee kwenye mitandao ya kijamii hapa chini:
English Form |
Fomu ya Kiswahili |