Q1. WHAT SORTS OF LICENCES ARE ISSUED BY THE KIC?
Setting up a company in KIC requires a business license. You can obtain one or more business licenses of any of the below types. Each licence is valid for a year, starting from the date of issue, and must be renewed annually.
• Commercial Licence
• Consultancy/Services Licence
• Industrial License
• General Trading
Q2. CAN I HAVE A LICENCE FROM THE KIC BUT OPERATE FROM DAR E SALAAM OR ANOTHER CITY?
The licence issued by KIC is valid for operating your business only inside the free zone. This licence cannot be used for setting up a business in any of the other emirates. Companies are not authorised to do business in the TANZANIA market. A local agent or distributor has to be specially appointed to conduct business activities in the TANZANIA market.
Q3. CAN I BE A PARTNER IN MORE THAN ONE COMPANY?
Yes. KIC does not levy any restriction on the number of businesses in which an investor can participate.
Q4. IS IT POSSIBLE TO ESTABLISH A BRANCH OFFICE OF MY COMPANY IN THE CITY OF DAR E SALAM OR OTHER TANZANIAN CITIES?
Yes. There are no restrictions on establishing a branch outside the Free Trade Zone. The parent company should have completed at least one year of operation, and we would require a list of documents from the parent company to be attested and notarised by TANZANIA embassy. However, a local partner is required, since it is outside the free zone.
Q5. WHAT DO I NEED TO KNOW ABOUT BUSINESS LICENCES?
Applicants should be aware of the following points when applying for a business licence: Every company operating within the KIC is required to obtain a business licence (also known as a trade licence). A business licence is a time-limited permit granted to a company to undertake commercial, consulting or industrial activities within the KIC.
Q6. DO I HAVE TO RENEW MY BUSINESS LICENCE ON A YEARLY BASIS?
Yes. Each licence is valid for a year, starting from the date of issue, and must be renewed annually.
Q7. IS IT A REQUIREMENT TO SUBMIT AN AUDIT REPORT?
Yes. Submission of audit reports is a mandatory requirement for business licence renew.