1
Company Name
The company name must be unique and shall not duplicate any registered entity, and it shall comply with local laws and regulations.
2
Shareholder Requirements
A minimum of two shareholders is required, which can be either natural persons or legal entities.
3
Director Requirements
At least one director is required, who does not have to be a resident of Tanzania.
4
Registered Capital
The minimum registered capital varies according to different company types, generally no less than 10,000 Tanzanian Shillings.
5
Registered Address
A local registered address in Tanzania is mandatory, which can be a physical premise or a virtual service address.
1
Private Limited Company(LTD/LLC)
A private company with limited liability for shareholders.
A minimum of two shareholders and two directors are required for companies operating on mainland Tanzania, while single-shareholder companies are permitted in Zanzibar.
It is not allowed to offer shares to the public.
2
Public Limited Company(PLC)
A public company that allows the public to subscribe for its shares.
A minimum of seven shareholders is required, together with the share capital specified in the Articles of Association.
It is suitable for enterprises seeking public fundraising.
3
Company Limited by Guarantee
A non-profit organisation where members' liability is limited to the amount they guarantee.
It is commonly used for charities and social enterprises.
4
Unlimited Company
Members bear unlimited liability for the company's debts.
5
Sole Proprietorship
A business owned and operated by a single individual.
The individual bears full liability for all corporate debts and obligations.
It is suitable for small-scale businesses and entrepreneurs.
6
Branch of a Foreign Company
Foreign companies may establish branches in Tanzania mainland or Zanzibar upon obtaining a certificate of compliance.
1
Identity documents of shareholders
Passports and residential proofs of shareholders are required; notarized documents shall be submitted by foreign shareholders.
2
Director information
The identity documents shall correspond to the respective shareholders.
3
Articles of Association
Clarify the business scope, equity allocation, corporate governance structure and other relevant matters.
4
Legal documents
Including Power of Attorney, Investment Agreement and Franchise Certificate (if applicable)