Company registration in Tanzania

Name of service Bronze Silver Gold Platinum
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Legal address for 1 year Provision of legal address for your company in a given jurisdiction, eliminating the need to purchase or rent real estate
Assistance in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Assistance in obtaining a work permit
Total cost
1990 EUR 4990 EUR 5980 EUR 9880 EUR
Accounting services
On request On request On request On request
Annual renewal (paid from the second year)
2900 EUR 5900 EUR 5900 EUR 5900 EUR

Deal of the month

If you will register a company until April 30,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

Tanzania is one of the African countries that can interest foreign investors. The jurisdiction offers simple conditions for entering the local markets and opportunities for growth in different sectors: agricultural, energy, tourism, mining, finance, etc. Starting a business in such sectors as the tobacco industry, food processing, tea, and coffee production, aviation sectors are also good business options to evaluate. If you preliminary find this jurisdiction as suitable for investing, this effort can be implemented in one of the next registration forms.

Major Forms of Legal and Business Presence

If you wish to become present in Tanzania and do your business from there, these business registration opportunities may be utilized for your objective:

  • Private Company Limited by Shares – a body corporate that is legally separated from its participants who don't bear any liability in excess of the amounts unpaid for their shares. They also don't risk losing more than the value of owned shares. The number of participants, in this case, should be from 2 to 50. The amount of statutory capital is not legally determined but it should be sufficient for activities an enterprise is going to undertake. The company's bylaws should cover conditions (restrictions) applicable to the transfers of its shares. They may not be offered to the general public without complying with certain conditions also.
  • Public Company Limited by Shares – a body corporate that is designated mostly for attracting external financing so it can freely offer its shares for subscription and allows free transfers of such shares. The shareholders don’t bear any liability in excess of the amounts invested in such shares. At least 7 shareholders are required to establish this entity. The amount of statutory capital depends on the activities this enterprise is going to undertake.
  • Branch – an opportunity for doing business suitable for a non-resident company that intends to extend its commercial activities in Tanzania subject to local legislation. Registration and a local representative are required for this purpose.
  • Representative Office – a good opportunity for a non-resident entity to investigate local markets and promote its activities. Being engaged in any type of commercial transaction is prohibited for a representative office.

Registration Requirements and Steps

If you assess an opportunity of company registration in Tanzania, the next approximate company setup steps should be passed:

  1. Clarifying commercial priorities you intend to implement through a local body corporate.
  2. Selecting, checking, and reserving a business registration name.
  3. Gathering particulars about the company's founders, beneficial owners, and officials.
  4. Choosing a registered business address for a future body corporate.
  5. Drafting and formalizing statutory and other documents necessary to register a future entity.
  6. Submitting the package of registration documents for completing the company incorporation process.
  7. Registration for tax and social security purposes.
  8. Corporate bank account opening.
  9. Obtaining additional permits and licenses that may be required for listed regulated activities.

Legal and Regulatory Framework

The legal system is based on English common law, customary law, and Islamic law. It is comparatively easy to enter the local market and operate a business there. The Business Names Registration Act and the Companies Act are major legal acts in the area of doing business. Major state authorities foreign businessmen may deal with while entering this jurisdiction and conducting business there are the National Identification Authority, the Business Registration and Licensing Authority, the Ministry of Industry, Trade and Investment, and the Tanzania Revenue Authority.

Tax System of Tanzania

An opportunity of company incorporation in Tanzania should be assessed along with the next tax highlights relevant to this state:

  • Corporate income tax (CIT) rate – 30%
  • Personal income tax rates – (i) residents – 30% (ii) non-residents: (a) employment income only – 15% (b) total income – 30%
  • Value-added tax rates – (i) Tanzania mainland – 18% (ii) Tanzania Zanzibar – 15%
  • Withholding tax rates (for non-residents) – (i) dividends – 5% or 10% (ii) interests – 10% (iii) royalties – 15%
  • Capital gains tax rates – (i) corporate – subject to the basic CIT (ii) personal – (a) residents – 10% (b) non-residents – 30%

Advantages of the Jurisdiction

If your current business aim is to create a company in Tanzania, the next advantages that characterize Tanzania as a jurisdiction may become available to you:

  • simple procedure of establishing entity through the Online Registration System
  • absence of requirements to the company’s statutory capital except for companies in certain regulated sectors
  • incentives available to investors (zero VAT import and export duty benefits)
  • availability of benefits foreseen by signed investment treaties (Canada, China, Italy, Denmark, etc.)
  • good access to local markets for enjoying exporting opportunities (coffee, tobacco, gold, cotton, manufactured goods, etc.) and importing possibilities (machinery, crude oil, raw materials, transportation, and other equipment, etc.)
  • zero exchange control restrictions

How Prifinance Specialists May Help You

We offer prompt company registration and bank account opening services in Tanzania and worldwide. New registration and ready-made options. Provide extensive details for more precise consultations and suggestions that can be effective for your future project.


Our clients

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10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again