Company Registration

UNDERSTANDING WOFE

CAN I OWN A COMPANY IN TANZANIA?

Yes, you can have a company in Tanzania as a foreigner “wholly owned foreign enterprise.” It means that a foreign investor which could be a company or an individual owns 90 percent stock equity, and having a local person to have less than 10 percent. Therefore, it is the investor that takes care of the affairs of the company and ensures that the company makes the profit. As a result of some of its benefits such as direct management, efficient operation, independence, as well as the reasonably required investment capital, WOFE has become a top priority for many foreign investors.

Some of the benefits include:

• The ability to engage in legal business in Tanzania
• Having the chance to apply for a work visa for legal employees and families
• Being able to buy houses and cars just like the locals and also get tax refunds.
• Possessing imports and exports rights.
• Shekina International Consulting Company
• how to open a company in Tanzania

To enjoy these benefits earlier mentioned and some others, you can register your company. Check out the things we can do for our clients

• Internal auditing
• We provide tax advisory and part-time accounting services
• Business setup registration
• Legal entity setup options as well as location advisory
• Also, we can handle regulatory compliance and special license application.