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International Trade Law

Our Shipping and International Trade Law practice embodies both domestic law governing maritime activities, and private international law governing the relationships between private entities and individuals that operate vessels on the oceans, also entails the rights, duties and relations between those individuals using such vessels for transportations of their goods as well as government agencies involved. Tanzania boasts an ever-growing international trade relationship with many developed countries, especially China, with the two having just signed major investment agreements worth multi-billion dollars in 2013.

Breakthrough Attorneys, in this aspect of international trade deals with matters including marine commerce, shipping, law of the sea generally, the transportation of passengers and goods by sea, and custom permits and rules as to tariffs and related matters. We also cover many commercial activities, although land based or occurring wholly on land, that are maritime in character. Our work includes advice to clients on interpreting the scope and applicability of Tanzania’s export controls, economic sanctions and determining the export and import classification of products and technologies, obtaining licenses and other authorizations, obtaining commodity jurisdiction determinations, and defending clients in tax, regulatory, be it environmental, healthy, energy, administrative and criminal enforcement actions. We frequently assist clients in the development and implementation of internal compliance programs, the conduct of internal investigations and the design of remedial measures (including in-house training programs).

Practice Related Articles

FINANCE LAW UPDATE: ANALYSIS OF RECENT AMENDMENTS TO TANZANIA’S FOREIGN EXCHANGE REGULATIONS

November 5, 2023

The Foreign Exchange Regulations, GN No. 294 (the Regulations), were issued by the Governor of the Bank of Tanzania in May 2022. The Regulations was a much awaited update of the Foreign Exchange Regulations, 1998 and the Foreign Exchange (Listed Securities) Regulations, 2003, and the Foreign Exchange Circular No. 6000/DEM/EX.REG/58 of 24th September 1998 which regulated foreign exchange in Tanzania before the Regulations.

TAX UPDATE: THE TRANSFER PRICING IMPLICATIONS ON SHAREHOLDERS’ LOANS FOR TANZANIA BUSINESSES

February 20, 2023

Why related party financing? Conformity of intra-group financing to the arm’s length principle What transfer pricing method should one use to test intra-group financing Are interest-free loan arrangements a safe business decision? The maximum limit of interest that is deductible on related party loans Introduction It is a common phenomenon in the business arena for […]

INVESTING IN TANZANIA: A LOOK AT THE NEWLY PASSED TANZANIA INVESTMENT ACT 2022

November 9, 2022

Highlight of the key differences between the old and the new Act Is the current Act more favourable to investors (local and foreign)? What is the timeframe for the issued certificate of incentives? Can an investor transfer the certificates of incentives? Requirements for investors to qualify under the Strategic or Major investment category What happens […]

Practicing Areas

  • CORPORATE SECRETARIAL SERVICES
  • LITIGATION PRACTICE
  • INTELLECTUAL PROPERTY
  • SUCCESSION LAWS AND ESTATE PLANNING
  • BANKING AND FINANCE LAW
  • CAPITAL MARKETS AND SECURITIES
  • ENERGY, OIL, GAS AND MINING
  • PRIVATE EQUITY
  • REAL ESTATE AND CONSTRUCTION
  • MERGERS AND ACQUISITIONS (M&AS) AND OTHER FAIR COMPETITION RELATED MATTERS
  • INTERNATIONAL TRADE LAW
  • TAX LAW
  • TRAINING
  • TRANSPORT
  • WILDLIFE AND TOURISM LAWS
  • CORPORATE COMMERCIAL LAW

Contact

Breakthrough Attorneys
T: +255 222 603 002
F: +255 222 603 001
M: +255 784 763 933
E: info@breakthroughattorneys.co.tz

Address
66 BTA House, Plot No. 331/00
Msasani Road, Oysterbay,
Opposite United Nations, Umoja House,
P.O. Box 72838
Dar es Salaam, Tanzania
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About us

Breakthrough Attorneys is an ultramodern legal practice based in Dar es Salaam, Tanzania having a spectrum of cross-borders practices that caters for local and multinational corporations, financial institutions, government entities as well as business private individuals concerning their legal needs around the globe.
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