Welcome to Maarfapro.com website. In this article we will see about BRELA company registration, wahta are the requirements for BRELA company Registrations? Steps for company Registration? Kusajili Kampuni BRELA, Hatua za kujisajili BRELA. You will get to know Mahitaji ya kusajili jina la kampuni. What is the total cost for company registration. Gharma za kusajili Kampuni Brela. So, Sticky with us so as to clearly understand the process and procedures.
About BRELA.
BRELA is a government authority responsible for registration of different services. The Business Registrations and Licensing Agency (BRELA) was established under the Executive Agencies Act No. 30 of 1997 and officially launched on December 3, 1999, under the Ministry of Industry and Trade. BRELA’s mandate, as outlined in Establishment Order No. 38 of Government Notice No. 294 dated October 8, 1999, includes a wide range of responsibilities related to business registration and licensing. Among the activities includes but not limited to:-
- Business name registration, change of particulars, paying annual maintenance fee, cessation and data update.
- Company registration, change of particulars, filing company related documents and annual returns.
- Industrial Licence registration, change of particulars, filing annual progress report and cancellation.
- Mark registration and filing mark related documents.
- Patent registration and filing patent or utility model related documents
BRELA Company Registration Guide.
As we have introduced the topic earlier in this post, we are going to dive int the company registration process. Starting with the requirements for registering a company, Steps, Payments up to the approval of the company. Now let’s see, How to Register a Company with BRELA?
What is a Company?
A company is a group of two or more people with the intention of conducting a legal business, which is then registered under the Companies Act. It serves as a formal entity for engaging in business activities.
Types of Companies
- Foreign Company
A company that originally was established in another country but currently is also operating in Tanzania.
- Private Company
A company owned by a limited number of people who are the company shareholders and not publicly traded.
- Public Company
A company whose shares are available for public trading. In this type anyone is accepted to invest his/her share to the company without permission from existing shareholders.
Benefits of Registering a Company
- Legal Recognition: Registering your business gives it a legal status, enabling it to enter into contracts, own assets, and be protected under the law.
- Financial Recognition: Your business can be recognized by financial institutions, like banks, which is crucial when opening a corporate bank account.
- Access to Credit: You can apply for loans from financial institutions, which may not be possible if the business is not registered.
- Business Expansion: Registered companies can more easily engage in larger transactions, including international business deals.
- Brand Promotion: It is easier to promote and market your company, helping you reach a wider customer base and expand your market.
Requirements for BRELA Company Registration
- The applicant must have a National Identification Number (NIN) issued by the National Identification Authority (NIDA).
- Every shareholder must also have a NIDA number.
- If a foreign national is involved, they must have a passport and a Taxpayer Identification Number (TIN), as well as the NIDA number for any local directors.
Documents to Attach for Company Registration
- Company Constitution: This document outlines the rules, objectives, and management structure of the company.
- Integrity Form: A form ensuring that the individuals involved in the company uphold ethical standards.
- Consolidated Form: This summarizes essential details of the company for registration purposes.
9 Steps to Register a Company with BRELA
- Visit the BRELA website: Go to www.brela.go.tz or ors.brela.go.tz.
- Log in to your Online Registration System (ORS) account: If you do not have one, you will need to create a new account.
- Select “Online Services”: This will allow you to access all services related to business registration.
- Choose “Company”: Since you’re registering a company, this is the relevant category.
- Select “Type of Service”: You will be prompted to select the type of registration service you require.
- Choose the “Type of Company”: You will have to select whether you’re registering a foreign, private, or public company.
- Fill in the Company Details: Enter all the necessary information about your company, such as the name, business address, and shareholders.
- Upload Required Documents: Attach all the necessary documents, including the company constitution, integrity form, and consolidated form.
- Make the Payment: Payments can be made through mobile money platforms or banks. Once payment is processed, your application will be reviewed.
Conclusion
Registering a company with BRELA is a crucial step toward formalizing your business in Tanzania. By following these steps and ensuring all required documents are in order, you can complete the registration process smoothly. Once registered, your company will be legally recognized, offering numerous advantages like access to financing, enhanced market opportunities, and legal protection.
So, we covered all the topics for How to register a company in Tanzania, BRELA company registration, Business registration in Tanzania, BRELA requirements, legal business registration, online business registration, Tanzania company registration benefits.