Starting a business in Tanzania

Legal Forms of Companies

Limited Liability Company

Number of partners: 2 directors and 2 shareholders minimum, maximum 50
Capital (max/min): TZS 20,000
Shareholders and liability: The liability of the owner is limited to the initial investment

Public Limited Company

Number of partners: 2 directors and 7 shareholders (1 of them being a Tanzanian national and holding at least 40% of shares)
Capital (max/min): Around USD 300,000
Shareholders and liability: The liability of the owner is limited to the initial investment

Limited partnership

Number of partners: 2 shareholders minimum
Capital (max/min): no minimum capital required
Shareholders and liability: limited partners who do not participate in management have limited liability. However, general partners or managing partners have joint and unlimited liability

Sole Proprietorship

Number of partners: 1 shareholder
Capital (max/min): no minimum capital required
Shareholders and liability: Unlimited liability

Business Setup Procedures

Source: Doing Business - Latest available data.