Qn2; Answer
When registering a business and obtaining the licenses and
permit in Tanzania,it is essential to consider the following steps
and requirements
1:Choose a business structure
Decide on the type of business entity
sole proprietorship ;owned by one individual
partnership ;owned by two or more individuals
limited liability company (LLC);separate legal entity
public limited company (PLC); suitable for large business
brach or subsidiary ;for foreighn business operationing in
Tanzania
2: Register the business name
Agency; Register with bussines registration and licensing agency
(BRELA)
Steps
check for name availability on the BRELA Online
Registration System (ORS)
Reserve your business name
Submit required document (filled form and identification )
Fees; varies based on your business type
3:Obtain Taxpayer Identification Number (TIN)
Register for TIN with the Tanzania Revenue Authority
(TRA) for business tax compliance
Necessary for paying taxes like corporate tax, VAT (if
applicable )and PAYE (for employees ) 4:Apply for
a business license
Authority; Apply to the relevant municipal authority or
regulatory body depending on your business activity
Documents
-Business registration certificate
-lease agreement or proof of premises ownership
-Taxpayer Identification number
5:check sector-specific Regulations
some industries (eg tourism , healthcare and energy )
require additional approvals from regulatory bodies like
Tanzania Investment Care (TIC) for foreighn investment
Energy and Water Utilities Regulatory Authority (EWURA)
Tanzania Food and Drugs Authority (TFDA)
6:Register with social security fund
Register with funds such as National social security fund
(NSSF) or other approved scheme to provide social security
for your employees
7:Obtain necessary permit
work permit ; for foreighn investor and employees
through a ministry of labor
Environment clearance ; for the project affecting the
environmental apply to the National Environmental
Management Council (NEMC)
8: Compliance with the industry standard
Ensure compliance with law like,
-Labor laws(Employment and labor relationship )
-Health and safety Regulations
-sector-specific standard (eg food safety and building
code)
9:Open a bank account
Open a bussiness bank account in the company’s name to
manage finance
10: Understand ongoing obligations
File annual returns with BRELA for registered company
Submit tax returns and pay applicable taxes to TRA
Renew licenses and permit as required
11:Engage legal and financial advisors
Consult professionals for guidance on legal
requirements , tax and compliance to avoid penalties
or delay.
Reference
Https://business.go.tz/register-a-business
www.business.go.tz
Http://2012books.lardbucket.org/
