Company registration act in tanzania

It is closely connected to major african countries and borders. Company registration, change of particulars, filing company related documents. The companies act, cap 212, governs the registration of companies in tanzania. Breakthrough attorneys business in tanzania by a foreign. Act, 19, as applied to tanzania or in table a in the first schedule to this act. The mission of the board is to regulate engineering practice in tanzania and promote engineering excellence amongst local engineers and engineering consulting firms with a view. Chapter 212 the companies act an act to regulate trading. The act also provides and considers development of best practices in corporate governance by providing the post compliance requirements. The business registrations and licensing agency brela has completed the development of a modern online registration system ors, the system comprises registration of companies, business names, trade and service marks and their respective post registrations, issuance of patents and industrial licenses. A company is treated as a foreign company, when it is incorporated by the laws of the foreign countries or its management, majority number of the shareholders are foreigners and where management control are exercised outside tanzania. The tanzania investment act, 1997 the tanzania trade development authority act, 2009. Hence written miscellaneous laws no 3 of 2019 was passed in. Specifically, section 4 of the act now defines a company to mean a company formed and registered under this act the companies act or an existing company established.

Company registration and formation in the united republic of tanzania is not a union matter as such companies are registered and. A private company tends to be smaller than a public company and cannot issue shares to the public. Zanzibar business and property registration agency bpra is a government institution based in zanzibar. The registration of a company in the united republic of tanzania is under companies act, 2002 and ngos under nongovernmental organization act no. The business registrations and licensing agency brela has completed the development of a modern online registration system ors, the system comprises registration of companies. Tanzania carries on the business wholly or mainly as nominee or trustee of or for another person, or other persons, or another corporation, or acts as general agent for any foreign firm, the first mentioned firm, individual or corporation shall be registered in. Companies act chapter 486 revised edition 2012 2010 published by the national council for law reporting with the authority of the attorneygeneral. Business name registration, change of particulars, paying annual maintenance fee, cessation and data update. Ngo registration in tanzania is governed by the nongovernmental organizations act, no. To register a company in tanzania is a right of those who wish to associate and form themselves into a company pursuant to the existing company laws. Company registration in tanzania register a company in. Every overseas company that establishes a branch in tanzania must submit accounts in such form, contain such particulars and together with such other required documents, as if the. Tanzania fertilizer regulatory authority tfra ministry. For an entrepreneur or an investor, it is recommended to use.

Company secretarial online registration system rsm tanzania. The registration of companies in tanzania requires for a public company to be formed. This act may be cited as the business activities registration. On this page you will find links to guide on the basic issues you need to do when you start up a business as an individual, a partnership. Breakthrough attorneys changes to the companies law in. Currently company registration in tanzania is conducted through online system where all the documents are submitted electronically through business registration and licensing agencys online registration system and zanzibar property and business registration online registration system which are government agencies for business registration in tanzania mainland and zanzibar. S 167 1of the companies act requires every company to deliver to the registrar a copy of the. Business registration act, 2005 eregulations tanzania. The act also provides and considers development of best practices in corporate governance by providing.

Registering a company in kenya was once a difficult and complicated process. The business and property registration agency bpra this is the. It is be done through business registration and licensing agency brela. 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. Since 2003, healy consultants group plc has been efficiently and effectively assisting our clients with establishing a business in tanzania. The company is not deemed to have a place of business in tanzania solely on account of its doing business through an agent in tanzania at the place of business of the agent. Registration of ngos in tanzania according to the ngo act no. This act may be cited as the business activities registration act, 2007 and shall come into operation on such a date as the minister may, by notice published in the gazette, appoint. Registration of a business in tanzania stallion attorneys.

Frequently asked questions on company secretarial online registration system. Application of act to companies registered under the repealed indian. Their offices in tanzania are treated as branches of foreign company. Bpra zanzibar business and property registration agency. The land registration act cap 334, makes it compulsory for all surveyed land to be registered. A company that has been incorporated outside of tanzania may establish a branch office in tanzania by obtaining a certificate of compliance from brela s.

Short title this act may be cited as the business names registration. Business activities registration act 2005 business activities registration act. Registering a foreign limited liability company in tanzania as a branch, that is, having an established place of business in tanzania. Enacted by parliament ofthe united republic of tanzania. Essentially, this weakens the value of a certificate of incorporation under the companies act of tanzania. The republic of tanzania is a sovereign state located in eastern africa. Firms and persons to be registered subject to the provisions of this act. Fortunately, in recent years, the kenyan government has.

Stamp duties in case of shares registered in branch registers. The business names registration act an act to provide for the registration of business names. To register a business entity in tanzania is very simple. The registration of a business in tanzania involves various entities and is a process that takes between 7 to 14 working days. Tanzania fertiliser regulatory authority tfra was established under the fertilizer act no.