Overview
The Tanzania Investment Centre (TIC) issues Certificates of Incentives under the authority granted by Part III, Section 17 (1-8) of the Tanzania Investment Act, 1997. Holders of this certificate are eligible for various investment incentives as outlined in the Act. For enterprises involved in the Mining and Petroleum sectors, approvals must follow the procedures set out in their respective laws (the Mining Act of 2010 and the Petroleum Act of 2015). However, TIC is available to assist investors in obtaining the necessary permits and authorizations required by other regulations to establish and operate investments in Tanzania.
Categories
Local Investors: The minimum investment required for a project wholly owned by Tanzanian citizens is US$ 100,000.
Foreign Investors: For projects wholly owned by foreign investors or joint ventures, the minimum investment value is US$ 500,000.
How to Apply
The process for obtaining a Certificate of Incentives is governed by Section 17(1-8) of the Tanzania Investment Act, 1997. Applicants must submit the following documents in PDF format through the TIC project registration portal at https://onestopshop.tic.go.tz/:
Certified copy of the Certificate of Company Incorporation
Copy of the company’s Memorandum and Articles of Association
Completed TIC application forms, available from the Centre
Project business plan
Proof of sufficient financial capital to implement the project
Evidence of the project location
Company Board Resolution to register the project with TIC
A covering letter attaching all the above documents
Cost
A facilitation fee of US$ 1,100 is required for processing the application.
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