tanzania
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The Economy
Tanzania's economy is a lower-middle-income economy that is heavily dependent on agriculture, which employs approximately 80% of the workforce and contributes approximately half of the country's GDP. In addition, the country has a thriving tourism industry and a small but expanding manufacturing sector.
Regardless of its natural resources, the east African country, which boasts an estimated population of 64 million people, remains one of the poorest in the world, with high rates of poverty and unemployment, like many other countries in the region.
The Legal Business Structure
When establishing a business in Tanzania, foreign investors can choose from a variety of available legal business structures.
Setting up legal business structures in Tanzania can take a long time depending on the type of structure and the specific requirements for that structure. For example, registering a business name takes about two weeks, whereas incorporating a company can take up to three months.
For more information on Tanzania Jurisdiction, download pdf
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