How can a foreigner acquire a building materials (hardware) company in Tanzania

Six recommended steps: 1. Get few suggestions, 2. Do due diligence, 3. Arrange a cold call, 4. Meet up, 5. Contract, 6. Register the transfer.

SUMMARY: A foreigner can acquire a building materials company in Tanzania by following 6 steps. 1. Get someone knowledgeable to point you a few companies that are willing to sell out. 2. Do a due diligence by first requesting for official search report from Registrar of Companies (BRELA) and tax status from Tanzania Revenue Authority (TRA). 3. Arrange a cold call to the directors of the company. 4. Ask for appointment and meet them up to discuss the deal. 5. Do the contract. 6. Get a consultant to register the transfer of the company to you and effect payment simultaneously.

Acquiring a local building materials company is one of the suggested ways that a foreigner can use to enter Tanzania building materials (hardware) market. Others are setting up a company in the country, direct/indirect export, forming joint venture, franchising and forming a strategic alliance.

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Published by Kessy Juma

Kessy Juma

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.

miamia miamia miamia miamia


Published by Kessy Juma

Kessy Juma 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.

miamia miamia miamia miamia
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