Tanzania is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast.
Comoros Islands at the Indian Ocean to the east; Mozambique and Malawi to the south; Zambia to the southwest.
Rwanda, Burundi and the Democratic Republic of the Congo to the west.
Mount Kilimanjaro, Africa’s highest mountain, is in north-eastern Tanzania.
Population 58.01 million people
Total area of 947,300 square kilometers
GDP 59 Billion USD
GDP per capita 990
GDP growth rate 7.1%
Currency TZ Shillings
Language Swahili and English
Economic activity Agriculture
Minimum requirement 200,000USD
Certificate of incorporation
work and residence permits.
Work permits are valid for a period of 24 months from the date of issue and can be renewed provided the permit’s total period of validity from the first grant and any subsequent renewals does not exceed five years.
Validity of a work permit for an investor whose contribution to the economy is of great value can exceed ten years.
Duration of registration for Investors
Registration for a company, business licence, work permits and residence permits do not take much time as long as one has all the documentations .
Company registration 3 days
Industrial license 1 day
Business license 1 day
Certificate of incentives 1 day
Resident permit class A 14 days
Resident permit class B 14 days
Why invest in Tanzania?
Tanzania is among the top 10 destinations of investments in Africa.
Tanzania has a wide market access. Investing in Tanzania now gives a company access to a regional market of over 90 million: the East African Community (EAC).
Tanzania is strategically located. It shares its borders not only with Kenya and Uganda, its EAC partners, but also with Mozambique, Malawi, Zambia, the Democratic Republic of the Congo, Burundi and Rwanda. All of these save Kenya and Mozambique are landlocked countries and Tanzania provides the natural access to them.
Tanzania’s long record of stability. Tanzania is a poor country but a stable one, and it has a steadily growing economy. It has had nearly half a century of political stability as a sovereign country.
Market access in different economic organisations.
Investment opportunities in Tanzania.
Economic parks/ zones.
Tanzania is currently implementing and emphasizing construction of more Free trade areas and Economic Development Zones (EDZs) programs which encompass Export Processing Zones (EPZs) and Special Economic Zones (SEZs) to stimulate manufacturing of value added goods for regional markets and export to other countries.
These Economic zones offer an abundance of opportunity for investors all over the world to come and invest in the zones while at the same time afforded attractive incentives to facilitate such investment and generation of profit as well.
With more students graduating from universities in various fields the skilled labor thus this will position investors with sufficient workforce to fill various positions.
There is also plenty of unskilled labor which demand a lower payment than the skilled labor.
Minimum wage $180 per month
Average monthly wage $500
Access to various services related to permits, licenses and approvals in the TIC One Stop Facilitation Centre.
The recognition of private property and protection against any non-commercial risks. Tanzania is an active member of the World Bank Foreign Investment Insurance wing, MIGA (Multilateral Investment Guarantees Agency). Likewise Tanzania is a member of The International Centre for Settlement of Investment Disputes (ICSID) also a body affiliated to the World Bank
Zero percent (0%) Import Duty on Project Capital Goods, Computers and Computer Accessories, Raw Materials and Replacement Parts for Agriculture, Animal Husbandry and Fishing, Human and Livestock Pharmaceuticals and Medicaments, Motor Vehicle in Completely Knocked down (CKD) form and inputs for Manufacturing Pharmaceutical Products.
Ten percent (10%) – Import Duty for Semi-processed/semi finished goods).
Introduction of pay and refund scheme for excise duty paid on fuel purchased by eligible companies.
100% capital expenditure to Mining & Agricultural sectors.
The Income Tax Laws allows 50% Capital allowances in the first year of use for Plant and Machinery used in manufacturing processes and fixed in a factory, fish farming; or providing services to tourists and in a hotel Thereafter, wear and tear rates apply to the remainder as below:
VAT Deferment granted on project capital Goods such as Plant & Machinery. However the persons has to carry on an economic activity, keeps proper VAT records and file returns, has no Tax outstanding and VAT payable in respect of each unit of the Capital goods is twenty million Shillings or above.
Income tax 30%
Employment income 15%
Corporate income tax 30%
Import tax 18%
Export tax 18%
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 67USD
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.2USD
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 64 USD
A meal with a drink can cost 5USD