Foreign companies can register in Tanzania through the Tanzania Investment Centre or the Business Registration and Licensing Agency (BRELA).
Prerequisites matters of establishing a foreign company in Tanzania
Prior to submitting an application to the Registrar of Companies for a Certificate of Compliance, the following steps should be taken;
The foreign company should have one local (Tanzanian) representative.
This local representative is required to receive documents on behalf of the foreign company.
The Foreign Company’s Charter, Statute, or Memorandum and Articles of Association have been translated.
One of these documents is required as part of an application for a certificate of compliance. If any of these documents are not in English, a certified translator must translate them into English.
Preparation of the most recent accounts or financial report for the foreign company.
The prospective investor who wishes to obtain a certificate of compliance must ensure that the foreign company that requires existence in Tanzania has the most recent Accounts indicating the company’s financial status or condition. If these are not in place, they must be prepared by the company’s certified auditors.
Place of business in Tanzania:
Once the Certificate of Compliance is obtained, the prospective investor should have detailed information about the location of the branch in Tanzania.
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Pre-establishment matters for a foreign company (A foreign company’s branch):
Prior to triggering an application to the Registrar of Companies for a Certificate of Compliance, one should make the following matters in order;
Should have one local (Tanzanian) representative of the foreign company.
This local representative is mandatory for purpose of receiving documents on behalf of the foreign company.
Translated Charter or Statute or Memorandum and Articles of Association of the Foreign Company.
One of these documents is part of the requirements for an application for a certificate of compliance. If at all any of these documents are not in English the same must be translated into English by a certified translator
Preparation of the latest Accounts or financial report document regarding the foreign company.
The prospective investor who is desirous of acquiring a certificate of compliance must make sure that the foreign company that needs existence in Tanzania must have latest Accounts indicating the financial status or condition of the company. If the same are not in place, then the same must be prepared by certified auditors of the company.
Place of business in Tanzania:
The prospective investor should have detailed information of the place at which the branch will be situated in Tanzania once the Certificate of Compliance is acquired
