Unlock Opportunities, Invest in Tanzania Africa’s Gateway to Sustainable Growth!"
Why should I invest in Tanzania?
- Tanzania offers a stable political environment, a growing economy, and abundant natural resources. Key sectors like agriculture, mining, tourism, energy, and infrastructure offer significant investment opportunities. The government is also actively working to improve the business environment and attract foreign direct investment.
How stable is the Tanzanian economy?
- Tanzania has shown consistent economic growth over the past decade, with a focus on industrialization and infrastructure development. The country’s economy is diversified, with agriculture, mining, and services being major contributors. The government is committed to economic reforms to enhance stability and attract investment.
What incentives does the Tanzanian government offer to investors?
- The Tanzanian government offers various incentives, including tax holidays, exemptions on import duties for capital goods, VAT refunds, and access to industrial parks and export processing zones. The Tanzania Investment Center (TIC) provides support and facilitates investment processes.
How do I start a business in Tanzania?
- To start a business in Tanzania, you need to:
- Register the business with the Business Registrations and Licensing Agency (BRELA).
- Obtain necessary licenses and permits, depending on the industry.
- Register for tax with the Tanzania Revenue Authority (TRA).
- Open a bank account in Tanzania.
- Depending on the business size and type, you may also need to register with the Tanzania Investment Center (TIC).
Are there restrictions on foreign ownership in Tanzania?
- Generally, there are no significant restrictions on foreign ownership, and investors can own 100% of a business in most sectors. However, some sectors, like land ownership, have specific regulations that require partnership with local entities or special approval.
What is the tax regime in Tanzania for businesses?
Key taxes include:
- Corporate Income Tax: Standard rate of 30%.
- Value Added Tax (VAT): Standard rate of 18%.
- Withholding Tax: Applies to various transactions, including dividends, interest, and royalties, at different rates.
- Capital Gains Tax: Generally taxed at 30% on the gain.
The government offers various tax incentives, particularly for businesses in special economic zones (SEZs) and export processing zones (EPZs).