When choosing to invest in Tanzania, it is important to understand the fundamental legal requirements. All businesses must be registered with the Business Registrations and Licensing Agency (BRELA). This process involves reserving a company name, preparing incorporation documents and obtaining the relevant licences.
Foreign investors may also register their projects with the Tanzania Investment and Special Economic Zones Authority (TISEZA). Registration with TISEZA enables investors to access various incentives, including tax benefits and guarantees permitting the repatriation of profits and capital.
Land ownership is another critical consideration. In Tanzania, land is vested in the state; therefore, investors acquire land through long-term leasehold arrangements rather than outright ownership.
Certain sectors, such as mining, banking and telecommunications, require additional approvals and are governed by specific regulatory frameworks.
Tanzania operates under a legal system based on English common law which is often familiar to international investors. A clear understanding of these legal principles can significantly reduce risk and facilitate a smoother investment process.
