TIC Certificate Of Incentives
The Tanzania Investment Centre grants Certificates of Incentives under authority conferred upon it by Part III, Section 17 (1-8) of Tanzania Investment Act, 1997. Holders of certificate of incentives are entitled to various investment incentives as stipulated in the Investment Act, 1997
Enterprises engaging or intending to engage in Mining and Petroleum Sectors shall follow the approval process contained in their respective laws (Mining Act 2010 & Petroleum Act 2015).
However, the Centre upon request shall assist all investors to obtain permits and authorization required by other laws to set up and operate investment in Tanzania.
Economic Sectors
Local Investors
The Minimum investment value for a Projects should be at least US$ 100,000 for projects which are wholly owned by Tanzanian Citizen(s)Foreign Investors
The 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 ventureRequirements
Issuance of Certificate of incentives is guided by the section 17(1-8) of Tanzania Investment Act, 1997. The following documents should be submitted¬: -Import Duty Exemption For Investors Registered With Tanzania Investment Centre
Importation of goods in Tanzania attracts various taxes which include Import Duty, Excise Duty and Value Added Tax. All these taxes are levied on goods imported in the country.This means that investors both local and foreign will have to incur the expenses of paying the taxes imposed on importation of goods in Tanzania. However, exemptions are granted to goods for a variety of reasons, such as to adhere to international norms for those with diplomatic status, to remove tax burden from donor funded projects, to respect Government commitments in legal agreements, to implement certain policies such as support for NGOs or for certain economic sectors and to investors whose projects have been registered with the Tanzania Investment Center (TIC).