Apart from TIC where can investors get work and residence permits?
Answer: TIC registered investors can only obtain work and residence permits through TIC. However non-TIC registered investors can obtain work permit directly through Labour Division and residency permit through Tanzania Immigratio...
How much is the investment certificate paid and how long does it take for the investor to get it?
Answer: The Centre charges US$100 for an application form and US$1000 for the registration fee and it takes not more than 3 working days to issues certificate of incentive to a qualified investo...
Answer: The investor who establishes a project in Tanzania brings benefit in many ways including the followings:
Increased Employment and Economic Growth
Human Resource Development
Provision of Finance & New Technology
Increase in Exports
Exchange Rate Stability
Stimulation of Ec...
Answer: Yes, through monitoring and evaluation tools such as frequently and randomly project visits and Six-month project development report.
Are foreign investors allowed to own land?
Answer: Generally, the land laws prescribe that all land in Tanzania is public land and entrusted to the President of the United Republic of Tanzania. A foreigner cannot own land under the laws of Tanzania unless it is for...
Answer: Yes, Local Government Authorities (LGAs), Government institutions and individuals have submitted land for investment to TIC from the various District in Tanzania; the submitted lands are available on the website for potential investors for further and detailed discussion.
<p style="text-align:justify"><span style="font-size:16px"><span style="font-family:Verdana,Geneva,sans-serif"><strong><span style="color:#0070c0">Answer:</span></strong> <span style="color:#0e101a"&g...
<p style="text-align:justify"><span style="font-family:Verdana,Geneva,sans-serif"><span style="font-size:16px"><strong><span style="color:#c00000">How long does it take for the Centre to assist an investor to get land for investme...
Answer: Corporate tax is paid quarterly in the year of income charged at a rate of 30% on net income of a resident corporation. Year of income means a calendar year of twelve months period (meaning the period starting from 1st January to 31st December). However, an entity may apply in writing t...
What are One Stop Facilitation Centre and its benefit to the investors?
Answer: It is a place designated by TIC for an investor to obtain permits, approvals, license, information, etc. using TIC stationed officers from various government authorities dealing with the issuance of permits, lic...
Answer: The investor who is interested to invest in Tanzania can acquire land for investment in the following ways:
Thorough derivative rights issued by Tanzania Investment Centre
Long term lease through the landowner
What are the benefits to register with the Centre?
Answer: The benefits to register with TIC are divided into two categories, namely fiscal incentives and non-fiscal incentives.
Fiscal incentives including relief of import duty on a project deemed capital at 75% and 0% of import duty on c...
Answer: The prices for land for investment depend on many factors amongst are the natures of development on the land, location etc.
The prices for land for investment depend on many factors amongst are the natures of development on the land, location etc.
Does TIC register companies or projects? And can one a company register more than one project?
Answer: TIC registers project which meets the minimum requirements for TIC registration and facilitates Company registration through one stop shop of stationed officer (BRELA). One company can register...