BRELA introduces major reforms to ease cost of doing business in Tz

22Aug 2018
Mtapa Wilson
DAR ES SALAAM
Financial Times
BRELA introduces major reforms to ease cost of doing business in Tz

THE state-run Business Registration and Licensing Agency (BRELA) has undertaken sweeping reforms aimed at simplifying the way of doing business in Tanzania, which has often been criticised for having a notoriously difficult environment for investors.

BRELA acting Chief Executive Officer (CEO) Emmanuel Kakwezi.

BRELA acting Chief Executive Officer (CEO) Emmanuel Kakwezi said people seeking to register a business name or company can now do that in just a matter of 2 hours through anew online platform.

The previous manual application processtook several days to be completed using hand-filled documents.

“Through our online system, a person can now register a company within two hours if all the necessary requirements are met,” said Kakwezi in an exclusive interview with the Financial Times.

“This means that a person sitting in his or her office can register a business and get a certificate of incorporation and TIN (taxpayer identification) number just by using a computer connected to the Internet. Business licenses will also soon be issued online.”

Kakwezi said BRELA has now phased out manual applications for registering companies and business names.

Several World Bank reports on the ease of doing business show that bureaucracy in registering a business and securing various permits remain among the biggest obstacles for doing business in Tanzania.

Visit epaper.ippmedia.com to read full interview and more stories

 

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