Extracts from the commercial register of Tanzania

Schmidt & Schmidt provides extracts from the commercial register of Tanzania with a translation and an apostille as pdf-file via e-mail. The United Republic of Tanzania is a sovereign state in eastern Africa. Tanzania is a presidential constitutional republic with the president as head of state. Local currency is the Tanzanian Shilling, the official languages are English and Swahili. Tanzania is a member of the United Nations (UN) and other international organisations. Tanzania is rich on natural resources, mostly gold, diamonds, iron, coal and uranium. Despite that, the country's economy is relatively poorly developed. Agriculture employs 80% of the working population, while the service sector accumulates roughly 50% of the country's GDP. According to experts, Tanzania is a great fit for investors and commercial activity due to great economical perspectives and political stability. In terms of GDP, Tanzania ranks among the 20 fastest growing countries in the world. At present, there are more than 75.000 companies registered in Tanzania. Tanzania has a mixed legal system, mostly based on english law, muslim law and african unwritten law. Corporate practice is regulated in the Companis Act of 2007 and other legal statutes.

Main types of businesses:

• Private company
• Public company
• Foreign Company

Additionally, governmental companies may operate in Tanzania. The Business Registrations and Licensing Agency (BRELA) is responsible for registration in the commercial register. BRELA was founded in 1997 and is directly subordinate to the Ministry of Industry and Trade. Trademarks, licences and patents are also registered at the BRELA. Tanzania has strict rulings with regards to annual statements. If any company does not make them available to BRELA, the agency is authorised to delete them from the commercial register.