Procedures on formation and registration of local companies in Tanzania.

Step 1: Name Search and Reservation (Section 30 of the Companies Act)

Check if the desired company name is available and reserve it. This reservation is valid for 30-60 days.

Step 2: Submission of Documents to the Registrar

If the proposed name is approved, submit the following documents to the registrar along with the required fees:

a) Memorandum of Association:

- This document defines the company and its activities.

- It needs to be signed by the founders, and at least one witness should attest their signatures.

b) Articles of Association (if any):

- These regulate the internal management, rights, and duties of shareholders.

- They cover matters like share transfers, meetings, voting rights, dividends, and directors' powers.

- Many companies adopt a standard set called Table A.

c) Statement with Directors and Secretary Information:

- Provide a statement with the names and addresses of the first directors and secretary.

d) Registered Office Address:

- Specify the intended address of the company’s registered office upon incorporation.

e) Statutory Declaration:

- Submit a statutory declaration, as required by Section 16(2) of the Companies Act.

- This declaration, made by a High Court advocate or a person named in the articles as a director or secretary, confirms compliance with legal requirements.