1.0 Introduction Alteration of the memorandum and articles of association is permissible for companies registered in Tanzania. This may be done when a company seeks to alter its objects contained in its memorandum or when the company is converted from private to public and vice versa. The Corporate Department at Breakthrough Attorneys has believes that there is less information on the law, […]
UPDATES ON RESIDENCE PERMIT APPLICATION REQUIREMENTS IN TANZANIA
The Additional requirements for Residence permits Class A and B Uncodified requirements are largely practical on the ground and not 1.0 Introduction: Recently, the office of the Commissioner-General, Ministry of Home Affairs Immigration Department, Tanzania, introduced some new developments regarding Class A and B residence permit applications. The new developments are introduced following the taking […]
THE BANK OF TANZANIA ISSUES NEW DIRECTIVES FOR LICENSING AND OPERATIONS OF BUREAUX DE CHANGE IN TANZANIA
In Brief Time frame: Three (3) months grace period. Compliance: cessation of new registration, re-licensing and assessment of bureaux de change. Reference: Government Notice No. 223 of 2nd June, 2017 Content of the order The Bank of Tanzania (BOT)through its letter referenced FB.69/256/01 dated 21st June, 2017 has issued directivesrelated to operations of Bureaux de […]
The Fair Competition Commission Introduces a New Threshold for Notification of a Merger and Acquisition in Tanzania
Threshold for Notification increased from TZS 800 Million to TZS 3.5 Billion. Basis for calculation of threshold amount widened to include turnover of the merging firms. The Fair Competition (Threshold for Notification of a Merger) (Amendment) Order, 2017 has introduced new prescribed threshold that requires a mandatory notification to the Fair Competition Commission (FCC) upon […]
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