Tanzania is a developing country located in East Africa with a vibrant and growing business environment. If you are looking to start a business in Tanzania, there are several steps that you need to take in order to register your business and comply with the country’s regulations.
Here are the steps that you need to follow in order to register your business in Tanzania:
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Choose a business name
The first step to registering your business in Tanzania is to choose a unique business name. Your business name should be distinct and not be similar to any existing business in Tanzania. You can check the Business Registrations and Licensing Agency (BRELA) website to see if your business name is available.
Register for a Taxpayer Identification Number (TIN)
Before registering your business, you need to obtain a Taxpayer Identification Number (TIN) from the Tanzania Revenue Authority (TRA). You can do this online or in person at any TRA office.
Reserve your business name
After obtaining your TIN, you can reserve your business name with BRELA. You will need to pay a fee to reserve your business name, and the reservation is valid for 30 days.
Register your business
Once you have reserved your business name, you can proceed to register your business with BRELA. You will need to provide the following information:
Business name
Business address
Business activities
Shareholders’ information
Directors’ information
Articles of Association and Memorandum of Association
You will also need to pay a registration fee, which varies depending on the type of business you are registering.
Obtain necessary licenses and permits
Depending on the type of business you are starting, you may need to obtain additional licenses and permits from the relevant government agencies. For example, if you are starting a restaurant, you will need to obtain a food service permit from the Ministry of Health.
Generis Global can help you with your business in Tanzania
Starting a business in Tanzania can be a complex process, and it is important to comply with all the relevant regulations and laws. Generis Global is a firm that can help you with the legal part of your business journey in Tanzania. We offer a range of services, including company registration, compliance, and legal advisory services. Contact us today to learn how we can help you with your business in Tanzania.