Fees and timelines in 2023
Fees
Incorporation costs in Year 1 amount to US$8,300 and annual company costs in Year 2 and thereafter amount to US$1,150. The average total fees per engagement amounts to US$27,750 including Tanzania company incorporation, registered Tanzania office, estimate of government fees and bank account.
| Different Tanzania entity types | Cost | Draft invoice |
|---|---|---|
| Private LLC | US$27,750 | View invoice PDF |
| Public LLC | US$29,900 | View invoice PDF |
| Branch of a foreign company | US$34,850 | View invoice PDF |
| Representative office | US$30,370 | View invoice PDF |
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Timelines
The average Tanzania business registration period is 15 weeks as outlined below:
| Service | Private LLC | Public LLC | Branch Office | Rep Office |
|---|---|---|---|---|
| Engagement planning | 2 weeks | 1 week | 1 week | 1 week |
| Company incorporation period | 7 weeks | 7 weeks | 10 weeks | 10 weeks |
| Corporate Bank Account approval | 4 weeks | 4 weeks | 4 weeks | 4 weeks |
| Corporate internet banking approval | 3 weeks | 3 weeks | 3 weeks | 3 weeks |
| Engagement completion | 1 week | 1 week | 1 week | 1 week |
| Total engagement period | 17 weeks | 16 weeks | 19 weeks | 19 weeks |
