Tanzania flag Tanzania: Operating a Business in Tanzania

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

Setting Up a Company Tanzania Sub-Saharan Africa
Procedures (number) 10.0 7.5
Time (days) 29.5 21.3

Source: Doing Business - Latest available data.

 
The Competent Organisation
The Business Registrations and Licensing Agency (BRELA) is the competent organisation that handles the incorporation procedure.
For Further Information
Consult Doing Business Report on Tanzania, to know about procedures to start a Business in Tanzania.

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Latest Update: October 2022