advantages of company formation in Tanzania

The Republic of Tanzania is a sovereign state located in Eastern Africa. It is closely connected to major African countries and borders Mozambique, Kenya, Malawi, Uganda, Zambia, Congo, Rwanda and Burundi. Setting up a business in Tanzania is a viable option for entrepreneurs looking to expand their business in the manufacturing, tourism, agricultural and import sector. With a population of approximately 57 million, it offers one of the biggest markets in Africa. Following are the advantages of company registration in Tanzania.

  • It is the second largest economy in Eastern Africa.

  • As one of the most prominent developing countries of Africa, it offers excellent market opportunities in tourism, import, manufacturing and agribusiness.

  • A pro-business government that facilitates the provision of various incentives for both local as well as foreign investors.

  • As opposed to its neighbours, it offers a comparably stable climate that is conducive to a prosperous business environment.

  • It offers the easy availability of skilled and semi-skilled work personnel.

  • It enjoys low transportation costs by facilitating the conveyance of goods through water for other landlocked countries.

  • Businesses in Tanzania’s SEZs are exempt from corporate and withholding tax for a period of ten years.

  • It has Bilateral Investment Treaties with approximately 19 countries.

requirement to open a company


  • Minimum 2 Shareholders
  • Minimum 2 Directors (Can be a foreign national)
  • A Company Secretary


  • A certified copy of Memorandum & Articles of Association (or other instrument defining the company constitution).
  • A list of Directors and Company Secretary.
  • A statement of all subsisting charges created by the company.
  • Name and address of resident individuals authorized to be a permanent representative of the business.
  • Full address of the registered principal office of the company.
  • Full address of the place of business in Tanzania.
  • A statutory declaration made by the director or company secretary stating the date of establishment, business activity and company name.
  • A copy of company accounts and reports.


  • Business Set up Services
  • Bank Account Opening
  • Licensing (if required)
  • Post Incorporation Services (if required)
  • Provision for Local Resident Office Address


The entire process of formation of a company in Tanzania is estimated to be completed in approximately 4-5 Weeks.
Quick Contact

Get in Touch