TThe Tanzania Investment Centre is authorized to issue Certificates of Incentives under Part III, Section 17 (1-8) of the Tanzania Investment Act, 1997. Holders of an incentive certificate are eligible for a variety
of investment incentives under the Investment Act of 1997.
Enterprises engaged in or planning to engage in the mining and petroleum sectors must adhere to their respective laws' approval procedures (Mining Act 2010 & Petroleum Act 2015).
However, upon request, the Centre will assist all investors in obtaining the permissions and authorizations required by other laws in order to establish and manage a business in Tanzania.
Local InvestorsThe Minimum investment value for a Projects should be at least US$ 100,000 for projects which are wholly owned by Tanzanian Citizen(s)
Foreign InvestorsThe minimum investment value of a project should be at least US$ 500,000 for projects which are wholly owned by foreign investors or if a joint venture
RequirementsSection 17(1-8) of the Tanzania Investment Act, 1997 governs the issuance of Certificates of Incentive. The following documents are required: -
Import Duty Exemption For Investors Registered With Tanzania Investment Centre
Importing goods into Tanzania incurs a variety of taxes, including Import Duty, Excise Duty, and Value Added Tax. All of these taxes are levied on imported goods into the country.
This means that both domestic and foreign investors will have to pay the taxes levied on goods imported into Tanzania. Exemptions are granted to goods for a variety of reasons, including adhering to international norms for those with diplomatic status, removing the tax burden from donor-funded projects, respecting Government commitments in legal agreements, implementing certain policies, such as support for NGOs or specific economic sectors, and to investors whose projects have been registered with the Tanzania Investment Center (TIC).
What is Import Duty?
Imported goods are subject to this tax. The duty is typically calculated as an ad-valorem rate on the C.I.F value of goods imported into the country and is collected before goods leave the country and/or bonded warehouses. Tanzania has three entry points: the Dar es Salaam Port, the Julius Nyerere International Airport in Dar es Salaam, and the Kilimanjaro International Airport in Kilimanjaro.