What criteria do investors need to have to register the project with the Center?
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).
Thereafter an investor should have:
- A registered company (Memorandum/Articles of Association and certificate of incorporation)
- Evidence of land (title deed/lease agreement) in name of the company for location of a proposed project
- Evidence of financing capital
- Business plan/Feasibility study
- TIC application form filled
- Board resolution for project approval and need to register with TIC
- Receipts of payment of USD 1100 (equivalent in Tshs) to TIC as a registration fee
- A cover/Application letter addressed to The Executive Director, Tanzania Investment Centre, P. O. Box 938, Dar es Salaam