Registering a foreign company in Tanzania involves a series of steps and compliance with specific regulations set by the Tanzanian government. The process can vary depending on the type of business and the sector in which it operates. Here are the general procedures for registering a foreign company in Tanzania:
Name Reservation:
Before you begin the registration process, you should choose a unique name for your foreign company. Ensure that the chosen name complies with Tanzanian naming regulations. You can check name availability and reserve the name with the Tanzania Business Registration and Licensing Agency (BRELA).
Appoint a Local Agent:
Foreign companies operating in Tanzania are required to have a local agent or representative who will serve as the liaison between the company and Tanzanian authorities. This agent should be a legal resident or entity in Tanzania.
Prepare Required Documents:
Gather the necessary documents for company registration, which typically include:
- A certified copy of the foreign company’s certificate of incorporation or
registration from its home country.
- A copy of the foreign company’s constitution, which outlines the company’s
rules and regulations.
- A copy of the company’s resolution or board resolution authorizing the
establishment of a branch or subsidiary in Tanzania.
- The appointment letter or instrument appointing the local agent in Tanzania.
Register with the Tanzania Investment Centre (TIC):
If your foreign company is planning to invest in certain sectors or receive specific incentives, you may need to register with the Tanzania Investment Centre (TIC). This step is particularly important if your business falls within sectors that require TIC approval.
Obtain Necessary Permits and Licenses:
Depending on your industry and activities, you may need to apply for sector-specific permits and licenses. This could include licenses related to manufacturing, construction, mining, or other regulated sectors.
Registration with the Business Registration and Licensing Agency (BRELA):
Submit your registration application to BRELA along with the required documents. The application typically includes:
- A completed registration form.
- A copy of the name reservation certificate.
- A copy of the company’s constitution.
- A copy of the appointment letter for the local agent.
- The appropriate registration fees.
Pay Registration Fees:
Calculate the registration fees based on the type of foreign company and the scope of its activities in Tanzania. Make the necessary payments to BRELA.
Registration Review:
BRELA will review your application and documents for accuracy and completeness. This process may take several weeks.
Obtain a Taxpayer Identification Number (TIN):
Register your foreign company for a Taxpayer Identification Number (TIN) with the Tanzania Revenue Authority (TRA). This is essential for tax compliance.
Business License Application:
Apply for a business license from the local municipal authority or council where your business operates.
Open a Business Bank Account:
Choose a bank and open a business bank account in the name of your foreign company. This account will be used for financial transactions related to your business.
Compliance with Employment Laws:
Ensure compliance with Tanzanian labor laws by providing employment contracts and adhering to minimum wage and workplace safety regulations.
Post-Registration Filings:
Comply with post-registration requirements, such as filing annual returns and maintaining accurate corporate records.
Please note that the registration process for foreign companies may be subject to change, and it’s advisable to seek legal counsel or assistance from a qualified business consultant in Tanzania to navigate the specific requirements and regulations applicable to your business type and industry. Additionally, consult with Tanzanian government authorities and agencies for the most up-to-date information on foreign company registration procedures.