The provided text summarizes the estimated costs for starting a company in Tanzania, with fees varying based on the type of business, share capital, and whether the owners are local or foreign, according to data from the Business Registrations and Licensing Agency (BRELA).
Key Cost Breakdown:
1. Local Private Limited Companies (Most Common):
* Name Reservation: Approximately TZS 50,000.
* Registration Fees (Variable based on Share Capital):
* Minimum capital (Up to TZS 1 million): TZS 95,000.
* Highest bracket mentioned (Above TZS 50 million): TZS 440,000.
* Other Fixed Fees: Filing fees (approx. TZS 66,000) and Stamp duty (approx. TZS 6,200).
* Total Minimum Cost: For a company with TZS 1 million capital, the total official fees are about TZS 217,200.
2. Sole Proprietorship (Simpler, Local Only):
* Business Name Registration: TZS 50,000.
* Business License Fees: Start from TZS 20,000, depending on the category and location.
3. Foreign-Owned Companies or Branches (Higher Costs, Quoted in USD):
* Name Reservation: Approximately TZS 50,000.
* Registration Fee: $750 (approx. TZS 1.9 million).
* Filing Fees: $440 ($220 per document, typically two required).
* Total Registration Fees: Around $1,190 (approx. TZS 3 million) in government fees.
* Annual Business License: Can range from $80 to over $2,500.
Other Potential Costs:
* Tax Identification Number (TIN): Free.
* Lease Agreement: Stamp duty is 1% of the annual rent.
* Professional Services: Hiring a consultant can add TZS 500,000 to TZS 2,500,000 or more.
* Working Capital: While there is generally no minimum share capital, TZS 1 million to TZS 10 million is often used by small to medium businesses for credibility.
* Sector-Specific Licenses: Additional fees for regulated industries like mining or microfinance.