Easy registration of Tanzanian company
Registering a Tanzanian company overseas has many advantages, such as improved investment environment, low business costs, market access advantages, avoidance of double taxation, flexible company types, land policy preferences and tax incentives. These advantages make Tanzania an attractive investment destination.
Advantages of registering a company in Tanzania
Tax incentives
Tanzania has provided certain tax incentives to attract foreign investment. For example, joint ventures and wholly foreign-owned companies with an investment amount of more than US$500,000 and an investment amount of more than US$100 million can be exempted from corporate income tax for 5 years, and those with an investment amount of less than US$100 million can be exempted from corporate income tax for 3 years.
Investment environment continues to improve
Tanzania has been committed to improving its investment environment and providing more favorable business conditions for foreign investors. This allows companies registered in Tanzania to enjoy a more stable and transparent business environment.
Flexible company types
Tanzania offers a variety of company types for foreign investors to choose from, including limited liability companies, listed companies, branches and representative offices. These different types of companies have different characteristics and advantages, and can be selected according to specific needs and businesses.
Lower business costs
Tanzania is one of the countries with the lowest consumer cost index in sub-Saharan Africa, which means that the cost of doing business in Tanzania is relatively low, which helps to reduce the operating costs of enterprises.
Flexible company types
Tanzania offers a variety of company types for foreign investors to choose from, including limited liability companies, listed companies, branches and representative offices. These different types of companies have different characteristics and advantages, and can be selected according to specific needs and businesses.
Peaceful and stable political environment
Tanzania is a politically stable and socially harmonious country, providing a safe operating environment for enterprises. This stable political environment is conducive to the long-term and stable development of enterprises.
Documents required for registering a Tanzanian company
Business description of registering a company in Tanzania
1
：Company name;
2
：At least 2 shareholders;
3
：Scanned copies of the passports of shareholders and directors;
4
：Email;
5
：Business scope of the company;
6
：Registered capital is at least 20,000 Tanzanian shillings (about 56 yuan), and no capital verification is required.
Services related to Tanzanian companies
Tax filing service
Specific details may vary depending on the type, size and region of the company
Tax Registration
After the company registration is completed, you need to go to the Tanzania Revenue Authority for tax registration and obtain a tax number (TIN). This process may require biometric scanning at the tax authority office, including taking photos, fingerprints and signatures.
Submit estimated income
The tax authority will register an estimated income for the newly registered company. This estimated income will become the basis for corporate taxation unless the taxpayer declares actual income on a quarterly basis.
Quarterly declaration, annual declaration
The company needs to declare actual income to the tax authority on a quarterly basis. At the end of the year, the company needs to submit an annual financial report to the tax authority, including information such as income, expenditure, and profit, and calculate the corporate income tax payable based on this.
Pay taxes
Based on the results of quarterly and annual declarations, the company needs to pay the corresponding taxes to the tax authority. Taxes can be paid by bank transfer or other methods approved by the tax authorities.
Registration related fees
Company registration fee:
25000 RMB
Annual review:
25000 RMB
Processing cycle:40-55 working days.
Service Deliverables
Registration Certificate
Articles of Association
Tax identification number
Tax registration certificate
Why choose us?
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IngStart fully meets the needs of customers and provides efficient, professional and reliable services. Select the company that needs to submit an annual report in your IngStart account and click Submit Annual Report Service.
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IngStart receives the annual report service you submitted, updates your annual report in real time, and notifies you when the report is completed.
