COMPANY INCORPORATION IN ZANZIBAR
It is important to note that the Companies laws of Tanzania Mainland do not apply also in Zanzibar. Hence, a company registered in Tanzania Zanzibar is not regarded as a local Company. Therefore, for a company to be registered in Tanzania Zanzibar the following have to be fulfilled.
One has to first visit the Online Registration System Zanzibar Requirements to access the Zanzibar Business and Property Registration Agency. And should have obtained the Zanzibar Identification number for Zanzibar citizens or National Identification number for Tanzania Mainland citizens and a passport number for foreigners.
Other requirements for company incorporation in Tanzania Zanzibar include;
The other compliance requirements are more or less the same as those of Tanzania Mainland.
Registration of a foreign company as a branch/Subsidiary Company in Tanzania Zanzibar
A foreign company can be registered in Tanzania or Zanzibar if such a company has an established place of business in Tanzania or Zanzibar. A foreign company is not deemed to have a place of business in Tanzania or Zanzibar solely on account of its doing business through an agent in Tanzania at the place of business of the agent.
A foreign company seeking to establish a place of business in Tanzania or Zanzibar must deliver the following documents to the Registrar of Companies:
On completion of the registration, the foreign company will be issued with a Certificate of Compliance from Business Registration and Licensing Agency in Tanzania Mainland or Zanzibar Property and Business Registration in Zanzibar
Once a foreign company is registered in Tanzania or Zanzibar, it has the same powers as if it were a company incorporated in Tanzania or Zanzibar, and is therefore subject to the laws of that Region.
A foreign company that has established a branch in Tanzania must file, among other things, annual accounts in respect of that branch in every calendar year.
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