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Doing Business in Tanzania

Starting a Business

Standardized Company
Legal Form: Private Limited Liability Company
Minimum Capital Requirement: 20,000
City: Dar es Salaam

Registration Requirements:

Procedure 1. Apply for clearance of the proposed company name at the Registrar of Companies

Time to complete: 1 day

Cost to complete: no charge

Comment: Requesting for clearance of a proposed company name can be done by mail to the Registrar. Applicants submit a letter for name clearance after which the registry clears it after search.

The registry search is to establish:
a) The availability or non availability of the applied name, and
b) Desirability of the name.

Applicants are then advised if the name is available or not after which they prepare a Memorandum and Articles of Association and submit the same for registration process.

Where the Memorandum and Articles of Association are prepared and presented for registration, using an un-cleared name, search is done at the time of registration with a probability of rejection if the search reveals existence of a similar name in the register. Name clearance has been sped up with the computerisation of the registry.

Procedure 2. Apply for a certificate of incorporation and of commencement to Registrar of Companies

Time to complete: 7 days (maximum)

Cost to complete: TZS 206200

Comment: Registration Fee (As per the New Companies Act 2002)

Nominal Share Capital Registration Fee for;

Share capital between 20,000 to 500,000 Tshs. 50,000
Share capital between 500,000 to 1,000,000 Tshs. 80,000
Share capital between 1,000,000 to 2,000,000 Tshs. 100,000
Share capital between 2,000,000 to 3,000,000 Tshs. 120,000
Share capital between 3,000,000 to 5,000,000 Tshs. 150,000
Share capital between 5,000,000 to 10,000,000 Tshs. 180,000
Share capital between 10,000,000 to 30,000,000 Tshs. 200,000
Share capital between 30,000,000 upwards Tshs. 300,000

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