...It's all about Petroleum field In Tanzania

Opt In Image
Get a free book Petroleum Opportunities in Tanzania
Would you love to participate in Tanzania's oil and gas sector but no idea how to get started? Are you wondering what are the opportunities available in Tanzania’s oil and gas market? Ever wish to grab opportunities in petroleum sector? Well, here's your chance. Get“Petroleum opportunities in Tanzania”, absolutely free, along with monthly oil and gas events directly to your inbox. Just type in your name and email address below

How To Register Your Foreign Business In Tanzania

Perhaps you’re running an existing business somewhere outside of Tanzania.And your business is doing fairly well. So you’re thinking of expanding your business operation to Tanzania.

Your intention, however, is not to incorporate a new business in  Tanzania without getting in legal trouble.

The purpose of this article to provide guidance to business owners and entrepreneurs who seek to expand business in Tanzania.

As I said in the previous article the categories of business registration in Tanzania are divided into 4 segments

    1.Business name

     2.Private company

     3.Public company

  1. Foreign company

I have already covered Business name and Private company registration in the previous article.

Read:         How To Register Your  Local Business in Tanzania — 5 Steps

Today I will cover the last segment which is registering your foreign company in Tanzania. Read on to find out

What’re foreign company?

 In Tanzania, a foreign company is regarded as any company incorporated outside  Tanzania but they come in Tanzania as a branch of such company even all shareholders are Tanzanians.

All business registration in Tanzania begins At Business Registration and           Licensing agency(BRELA) which is an organization responsible for business operation in Tanzania.

Read ” How To Start Solar Power Business in Tanzania;-Complete Guide

There are two options to register your business in Tanzania

A.Set up a Local Limited company

This option will require having a local guy as a director, partner, and shareholder of a company.

You should submit to the BRELA offices the following certified true copies

                 1.Copies of passport for directors

                  2.  Signature of director

                  3.Company name

                   4. Postal address in Tanzania

                5. Power of attorney appointing a local partne

B.Open Branch of The Foreign Company

In this categories, you open representative offices  of your foreign  company in Tanzania

And you will submit to the BRELA office the following certified copies:

  1. Certified copies of Memorandum and Article of association. If these  copies will be in your   native language, you should translate into the English language
  2. Notice of situation of the registered office in the country of domicile
  3. List of the three names of each director and company secretary, their nationality and physical address
  4. Pick a Tanzanian who will act as a local representative of such company and submit his full names, physical address, and his current occupation
  5. You will also propose company address in Tanzania, street, plot or house  where business will be conducted
  6. Copy of most recent accounts and related reports of the company
  7. Certificate of the compliance is issued after the process

The processing time might take 3 to 7 days. So after 7 days, you will get your business registered in Tanzania.

I hope this article has given you the guidance you need to go about registering your business in Tanzania.

If you have any suggestions, kindly, drop your comment below and let’s share with others.

                                          Hussein Boffu

                           Recent Petroleum Geoscience Graduate

                          Hussein.Boffu@tanzaniapetroleum.com

                        WhatssApp :   +255655 37 65 43

Comment

Updated: March 5, 2017 — 3:35 pm
Tanzania Petroleum © 2016
error: Content is protected !!