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No. | Step Description | Estimated Time to Complete in Business Days | Fee in TZS |
---|---|---|---|
1 | Apply for clearance of the proposed company name Agency: Business Registration and Licensing Authority (BRELA) A business name and a company must be unique names without phonetic similarity with other existing companies. The quickest way to clear the name before formal registration via online system found at www.brela.go.tz or copy and paste the url to the browser: https://ors.brela.go.tz/login | 1 | 0 |
2 | Obtain a notarized declaration of compliance Agency: Notary Public notary will notarize the declaration of compliance. Form 14b and 3 copies of Memorandum and Article of Association all together the Notaries charge inside the range of TZS 80,000-120,000. | 1 | 80,000-120,000 |
3 | Apply for company incorporation and obtain the certificate of incorporation Agency: Registrar of Companies Documents required, forms and procedures: After the forms are documented, the certificate of incorporation is usually prepared inside 3 days. Registration forms are free. A company can prepare its own particular articles of association yet Table An of the Schedules to the Companies is by and large adopted by companies limited by shares. Company registration fee (based on share capital): Filing fee: TZS 66,000: 22,000 for every document Stamp duty fee: | 6 | 167,200 to 512-200 |
4 | Apply for taxpayer identification number (TIN) Agency: Tanzania Revenue Authority (TRA)
| 1 | 0 |
5 | Obtain taxpayer identification number (TIN) Agency: Tanzania Revenue Authority (TRA) | 1 | 0 |
6 | Apply for a business license Agency: Ministry of Industry and Trade (MIT) or Local Government Authorities (LGAs) The business license is either issued by the Ministry of Industry and Trade or the Local Authorities relying upon the nature of business. Together with the application, the accompanying documents must be submitted: | 6 | Vary |
7 | Apply for the VAT certificate Agency: Tanzania Revenue Authority (TRA) VAT registration takes 3 to 5 days if the proposed company has over the edge salary of TZS 100,000,000. | 4 | 0 |
8 | Register for the laborers’ compensation insurance Agency: Workers Compensation Fund (WCF) and Tanzania Insurance Regulatory Authority (TIRA) | 1 | 0 |
9 | Obtain Social Security registration number Agency: Social Security Regulatory Authority (SSRA) | 7 | 0 |
Mwisho (End):
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