Answer: Projects to be registered with TIC should be owned by a legal entity, a legal entity is any company or organization that has legal rights and responsibilities. It is a business that can enter into contracts either as a vendor or a supplier and can sue or be sued in a court of law....
Does Tanzania Investment Centre prepare a ‘business plan’ for investors?
Answer: No, it is strictly forbidden and unethical practices for TIC officials to prepare a business plan or to be engaged in any activity which can be regarded as a conflict of interest. It remains the resp...
Answer: The Centre does not register projects which are related to the followings:
Reconnaissance, prospecting or mining operations
Explorations or production operation or construct or operate the pipeline
Manufacture or marketing
or distribution of hazardous chemical, a...
What items should appear in the ‘Business Plan for various projects submitted to TIC for registration?
Answer: Before registration of a project, TIC requires preparation and submission of a Business Plan. Main items to be featured in the Business Plan include the following: &nb...
Answer: Yes, any investor who has invested in Tanzania is allowed to access the services provided at TIC One Stop Shop provided that is he/she has invested in Tanzania
Does TIC link SMEs and big investors in terms of service provision, market and raw materials?
Answer: Investment forums provide a platform where local and foreign investors meet and discuss issues regarding cooperation in various areas of their business.
Why the Centre does not partner with Regional Leadership to find an investor for constructing a factory in every region based on the available resources/raw materials?
Answer: Tanzania Investment Centre promotes investment opportunities in various regions through different ways such as organ...
Answer: The foreigner is not allowed to own certificate occupancy but is allowed to own land for investment purposes through the Derivative Right.
When a foreign investor decides to return to his country, what benefits does he leave in the country?
Answer: When a foreign investor decides to return to his country he leaves behind the following benefits:
• Skills and technology,
• Projects supported the community through...
Answer: The investor is required to commence his business within two years, otherwise, the investment will be deemed as null and void.
13. What are the investment forums? And who qualify to attend?
Answer: The Investment forums are meetings organized by Tanzania Investment Centre in cooperation with other stakeholders to attract investment to Tanzania.
Local and foreign potential investors are invited to attend the foru...
Answer: Investment opportunities are promoted through investment forums, seminars, television and radio broadcasting. We also promote investment opportunities through our embassies, tourist board and Local Government Authorities.
What are the criteria for Strategic investors?
Answer:
The amount of capital to be invested should be not less than ( US$ 50 million for foreign investors), and (US$20 million for local investors)
The contribution of the project in terms of creating employment opportunities
New an...
Answer: The complaints must be submitted to the Centre, then the two parties are put together under the mediation of TIC for amicable settlement of a dispute in question.
Answer: Benefits which the citizen get include inter alia;
Employment both direct and indirect, multiplier effects of entrepreneurship, imparted skills and technologies from abroad, social interaction including marriages, infrastructural developments like roads, electricity and water.
Las...