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Key Steps

4 Key Steps to Manage Legal Risks in Tanzania

There is no doubt that many business executives place a high value on effective legal risk management. According to some survey results, the old technique of depending primarily on experience, judgment, and intuition in a reactive manner is being abandoned at a greater rate than ever before. Despite this, many business executives, regardless of their …

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BENEFICIAL OWNERSHIP IN TANZANIA

BENEFICIAL OWNERSHIP IN TANZANIA

The Finance Act No 8 of 2020 amended the Companies Act 2002 and introduced the beneficial ownership requirement for companies incorporated or registered under the Companies Act (The Act). To effect and implement the amendments, a new regulation The Companies (Beneficial Ownership) Regulations, Government Notice NO 391 of 2021 is currently already applicable and enforceable.  …

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