There are three fees that you will pay to BRELA while registering a local company in Tanzania. Those fees are (i) main registration fees, (ii) filing fees, and (iii) stamp duty. Below are details of each of the three.
Summary of the Fees
The table below gives a summary of the fees you should expect to pay while registering a local company with BRELA in Tanzania.
SN | CAPITAL RANGE (TZS) | REG. FEE | FILING FEE | STAMP DUTY* | TOTAL |
1 | 20,000 to 1mil | 95,000 | 66,000 | 6,200 | 167,200 |
2 | 1mil to 5mil | 175,000 | 66,000 | 6,200 | 247,200 |
3 | 5mil to 20mil | 260,000 | 66,000 | 6,200 | 332,200 |
4 | 20mil to 50mil | 290,000 | 66,000 | 6,200 | 367,200 |
5 | More than 50mil | 440,000 | 66,000 | 6,200 | 512,200 |
* Stamp Duty Fee for Memarts has been amended in Finance Act, 2021 to be 10,000/= but the ORS system still charges 5,000/= up to the date of posting this article.
Detailed Fees Structure
1. BRELA Main Registration Fees
These fees vary depending on the capital that the company intends to register. The table below shows capital ranges and respective fees:
SN | CAPITAL RANGE (TZS) | FEE (TZS) |
1 | 20,000 to 1mil | 95,000/= |
2 | 1mil to 5mil | 175,000/= |
3 | 5mil to 20mil | 260,000/= |
4 | 20mil to 50mil | 290,000/= |
5 | More than 50mil | 440,000/= |
2. BRELA Filing Fees
These are fees that are based on the number of documents filed and is Tshs 22,000/= per document. Note that during registration, a company files three documents namely (i) memorandum of association, (ii) articles of association and (iii) declaration of compliance. Hence the total filing fees payable during registration is Tshs 66,000/=
SN | DETAILS | FEE (TZS) |
1 | Memorandum of Association* | 22,000/= |
2 | Articles of Association* | 22,000/= |
3 | Declaration of Compliance (Form 14b)* | 22,000/= |
TOTAL | 66,000/= |
3. BRELA Stamp Duty Fees
The fee if 5,000 for memarts and 1200 for the declaration of compliance (form 14b) and is collected by virtue of the Stamp Duty Act. The duty is payable by companies intending to do business for profits and is exempted to companies that don’t plan to do for-profit businesses.
SN | STAMP DUTY | FEE (TZS) |
1 | On memarts* | 5,000/= |
2 | On declaration of compliance (form 14b) | 1,200/= |
TOTAL | 6,200/= |
Kessy Juma is the founder of Miamia Trading Company (miamiatz). He is a Techpreneur with roots in accountancy. He believes that any business is good as long it caters the right market using the right strategy. |