Dar es Salaam, the economic capital and largest city of Tanzania, is one of the fastest growing cities in the world. Located in a quiet bay off the Indian Ocean coast, Dar es Salaam has developed significantly to become a commercial hub of the entire East African region. Its bustling harbour is the main port in Tanzania. Moreover, most of the company offices and government headquarters in the country, as well as Tanzania’s first and principal stock exchange, are located in Dar es Salaam. It is also a popular tourist destination owing to its beautiful beaches and colourful nightlife. Since the city is the seat of government administration and a major port, it is well connected to the rest of the continent. Dar es Salaam International Airport serves both domestic and international flights.
Benefits of Setting Up a Business in Dar es Salaam
Dar es Salaam is the chief port in Tanzania. Its natural harbour serves as the outlet for most of mainland Tanzania’s agricultural and mineral exports.
The city, being a part of Tanzania, reaps the benefits of double tax avoidance treaties with over 20 countries, including the UK, Canada, Germany, Norway and India.
The special economic zones in Dar es Salaam offer multiple incentives to businesses, like 100% exemption of value added tax (VAT) on utilities and no corporate tax or withholding tax for 10 years.
We provide the following services for company formation in Dar es Salaam:
Company and branch registration
Corporate secretarial services
Tax compliance and advisory
Accounting and payroll services
Legal and financial consulting
Intellectual property protection
Business Setup Worldwide is a platform to help you grow your company. We aid you in setting up your business by providing services like business registration, incorporation, Tanzania tax consulting and intellectual property rights protection. Dar es Salaam is one of the fastest developing cities in the world, with the advantage of being resourceful yet economical. We can help you out with the legal and business formalities of company registration in this city, complete with the most apt corporate and income tax structure setup, to ensure that your business thrives.
Is a physical office required to incorporate a business in Tanzania?
Yes, it is a statutory requirement for a company in Tanzania to have a physical registered office for communications and service of notices.
What is the VAT applicable in Tanzania?
The value added tax (VAT) rate in Tanzania for the supply and import of goods and services is 18%. The VAT rate for the export of goods and certain services is 0%.
What is corporation tax? What is the rate at which it is levied?
Corporation income tax in Tanzania is a tax levied on corporation taxable profit for all companies registered and/or doing business in the country. The current corporation tax rate is 30%, with the exception of new assemblers of vehicles, tractors and fishing boats, for whom it is only 10% for the initial 5 years from the commencement of operation.