Jinsi Ya Kuanzisha Biashara iliyosajiliwa | How to Start Business in Tanzania

How to Start Business in Tanzania

How to Start Business in Tanzania | A business may be defined as any activity of buying and selling goods and services for the purpose of having a profit.

Business can be done in several ways including, exchanging goods for services, goods for goods or by exchanging goods for money.

Starting a business in Tanzania is not a single decision but a series of them, each step is of paromount importance to a successful launch. Therefore, this section provides information on what to do when you are thinking of starting a business.

The basic sense of direction needed before starting a business including organizing your business, legal and regulatory, protecting intellectual property, business planning, accounting, financing a business, insurance, basics for employers, finding workers, training workers and taxes.

The first step is to apply for name clearance at he Business Registrations and Licensing Agency (BRELA) for the proposed company name. BRELA is an Executive Agency under the Ministry of Industry and Trade responsible for business administration and regulation of the laws; namely Companies Registration, Business Names Registration, Trade and Service Marks Registration, granting of Patents and issuing of Industrial License.

It was established under the Government Executive Agencies Act No. 30 of 1997 and formally launched on 3rd December 1999.

Incorporation of companies in Tanzania is done under the Companies Act, Chapter 212 of the laws of Tanzania.

Investors wishing to establish a limited liability company must first clear the name for the proposed company before filing an application with BRELA. It is a single day exercise and there is no direct cost involved with this exercise at BRELA.

A letter of application for clearance for a proposed company name should be submitted by hand, or mail to the Registrar of Companies, which clears the name upon search automatically.

The search sets up the availability of the proposed name. If the name is not available the process repeats.

The easy way is to propose several desired company names as possible for clearance and eventually one of them will be available.