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...
What are the benefits of investment in Tanzanian society?
Answer: Benefits of investments to the community are as follows;-
Creates employment
The government collects revenue in a form of taxes,
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How does the Centre reach investors in different countries?
Answer: Tanzania Investment Centre works closely with Tanzania Embassies around the World to organize investment forums, outward and inward business mission to reach potential investors in countries where we have representation.
Answer: The competent authority for the discharge of land rights is the COMPETENT COURT OF TANZANIA by jurisdiction
Do you create a linkage between local and foreign investor?
Answer: Investment forums provide a platform where local and foreign investors meet and discuss issues regarding cooperation in various areas of their business.
Does the Center offer loans to investors/start-ups?
Answer: Tanzania Investment Centre does not offer loans to investors/start-ups
Which sectors are promoted to attract investors?
Answer: Priority areas of investments include:
• Agriculture & Livestock development
• Natural resources
• Tourism
• Manufacturing
• Petroleum and Mining
• Real Estate
• Transportatio...
Answer: Advertised through investment forums, seminars, brochures and by press release in the papers and televisions.
How much capital do investors need to register the project with the Centre?
Answer: A project value of not less than USD 100,000 if local owned and not less than USD 500,000 if foreign-owned.
Does the Centre register local and foreign investors?
Answer: Yes, the Tanzania Investment Centre registers local and foreign investors.
Answer: The corporate tax is paid to TRA only if the projects start generating a profit and if the company does not generate profit, no payment of the corporate tax.
What criteria do investors need to have to register the project with the Center?
Answer: To register an investment project at Tanzania Investment Centre an investor is required to invest a minimum of USD 500,000 (for foreign investors) and a minimum of 300,000 (for local investors).
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Answer: The investor is allowed to mortgage the landed property under the Derivative Right after requesting TIC to grant consent