Tanzania

Basic Facts

Tanzania overview

African Union member country | Tanzanian shilling (TZS) currency | Legal system is based on English Common law | Presidential democratic country | Politically stable country | Double taxation agreements currently with 9 countries | English and Swahili speaking

Top 3

Reasons For Doing Business In Tanzania

Losses may be carried forward indefinitely, however ringfenced

10 years corporate tax holiday for Export Processing Zones (EPZs) and Special Economic Zones (SEZs) enterprises

Accounting period for corporate tax purposes is the calendar year, but companies may apply for own accounting period

More advantages​

  • Corporate income tax (CIT) rate of 30%,
  • Dividend withholding tax of 10% or 5%,
  • Special benefits for businesses in Export Processing Zones (EPZs) and Special Economic Zones (SEZs) e.g. withholding tax holiday,
  • No inheritance, gift tax,
  • No wealth tax.

Company Formation In Tanzania

Do you need to establish a company in Tanzania? Then to administer it?

Are you looking for a reliable lawyer or accountant in Tanzania?

Do you want to structure your international business in a correct way?

You do not know yet what do you need?

Well, contact us at any time, we are ready to help you to find the right answers and workable solution for your specific needs. We are here for you. Anytime.

Related articles

Investment Migration in Africa: An Overview of Emerging Trends

A growing number of African countries are offering residence and citizenship to foreign investors through their investment programs. These programs, known as migration investment programs, allow investors to purchase citizenship or residency in exchange for investment in a country.

Exploring South Africa’s Luxury Property Market

The real estate market in South Africa has experienced a surge in demand for luxury homes and properties in recent years due to a stable political climate, foreign investment and the growth of the middle class.

Most Africa’s Millionaires are from just 5 countries.

South Africa, Egypt, Morocco, Nigeria and Kenya account for 56% of the Africa’s high-net-worth (HNW) individuals and over 90% of its billionaires. The number of millionaires is expected to jump by 42% over the next decade.