Doing Business in Tanzania

Doing business report aim is to help entrepreneur to have knowledge of and comply with applicable regulation. 

Entrepreneurs may not be aware on what to be done or how to comply with regulation and may lose considerable time trying to find out. 

Doing a Business

The results show that average of 167 of the respondents which equal to 49.5% respond that starting a business in Tanzania regarding it’s procedures, time,cost and paid in minimum capital to start as a limited liability company are FAIR, and average of 110 respondents which equal to 32.6% respond hat the environment are GOOD. This implies that regardless of having other setbacks but their is a chance of at least starting Doing a Business.

Dealing with Construction permitting

The results show that average of 190 of the respondents equal to 55% said procedures, time and cost to complete all formalization to build a warehouse and the quality control and safety mechanism in the construction permitting system is GOOD, while average of 80 of the respondents which gives 23.18%  respond to FAIR, This implies that the environment of getting approved construction permit are good and provided fair.

Getting social services

The results show that average of 150 of the respondents which is equal to 43.98% respond that the easy getting social services eg. Electricity, water etc. to business is GOOD this including procedures, time and cost to get connected to the electricity but also the reliability of the electricity supply and the transparency of tariff , while average of 110 of the respondents which equal to 32.2% of the respondent says it is GOOD procedures. 

Employing workers

The results show that the average of 180 of the respondents equal to 52.94% respond to EXCELLENT on flexibility in employment regulation and employ workers, while the average of 120 of the respondents equal to 35.29% respond that the situation of employing workers are GOOD.

Getting credit

The results show that average of 137 of the total respondents which is equal to 39.25% respond that getting credit (access to finance) both with movable collateral laws and credit information system are GOOD, While average of 90 respondents gives 25.7% respond to FAIR and average of 72 of the respondents for about 20.63% respond to BAD, this implies that despite that the general results show and respond to good but their is setbacks for a business to access credit from financial institution and this could be the way they demand to due to collateral issues and interest rates.   

Protecting minority investors

The results show that average of 151 of the respondents which gives 44.25% respond minority shareholders right related to transaction and in corporate governance are FAIR while average of 90 of the respondents which equal to 26.52% respond GOOD and average of 70 responds gives 20.52% respond to BAD,this implies that despite of having fair respondents but also the results shows that there is a setbacks on protecting minority investors situation in Tanzania. 

Paying taxes

The results show that the average of 179 of the respondents in 51.73% respond that payment, time and total tax and contribution rate for a firm to comply with all tax regulation as well as post filling procedures are BAD, this implies that Doing business in Tanzania one of the setbacks are paying taxes, while 120 of the respondents gives 34.6% respond to paying tax system is FAIR.

Trading across borders

The results show that average of 180 of the respondent which gives 52.17% responds to that time and cos to export the products of the comparative advantage and to import is FAIR while average of 90 of the respondent equal to 26.08% respondent that the situation of trade across borders are BAD, this implies that their is setbacks on Doing business in Tanzania across borders and need to be addressed.

Registering property

The results show that average of 170 of the respondents which gives a 48.9% respond that registering property such as procedure, time and cost of registering property business are GOOD, but this also including cost of transfer property and the quality of the land administration system while average of 120 of the respondents which equal to 34.58% respond to procedure , cost and time is FAIR.

Enforcing contracts

The results show that the average of 150 respondents which gives 54.7% responds to measure time and cost for resolving commercial dispute through a local first instance court and the quality of judicial processes respond to FAIR, while average of 120 respondents gives to 43.79% respond to GOOD on time and cost to resolve a commercial and the quality of judicial processes.

Resolving insolvency

The results show that average of 150 of the respondents equal to 63.8% respond to FAIR on time, cost, outcome and recovery rate for a commercial insolvency , while the strength of the legal framework for insolvency, while average of 65 of the respondents equal to 27.6% respond to GOOD on insolvency financial distress in which business is unable to pay the bills. 

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