What is the Tanzania Investment Centre (TIC)?

The Tanzania Investment Centre (TIC) is the primary government agency responsible for promoting, coordinating, and facilitating investment across Tanzania Mainland. Created under the Tanzania Investment Act, TIC acts as a One-Stop Facilitation Centre, linking foreign and local investors with statutory bodies.

Securing a TIC Certificate of Incentives grants access to valuable fiscal and non-fiscal benefits designed to lower capital expenditure and streamline business entry.

Minimum Investment Capital Thresholds

To qualify for a TIC Certificate of Incentives, projects must meet defined capital thresholds based on ownership:

FOREIGN INVESTORS (100% or Joint Venture): USD 500,000 Minimum

LOCAL TANZANIAN INVESTORS: USD 50,000 Minimum

STRATEGIC INVESTORS: USD 50,000,000+

Key Benefits of Obtaining a TIC Certificate of Incentives

1. Fiscal Incentives (Tax Benefits)

• Import Duty Exemptions: Concessional duty rates on capital goods, machinery, and equipment imported for project implementation.

• VAT Deferment: Favorable VAT terms on imported capital assets.

• 100% Capital Allowances: Accelerated depreciation allowances for expenditure on industrial buildings, plant, and machinery.

2. Non-Fiscal Incentives (Operational Advantages)

• Automatic Expatriate Work Permits: Right to secure up to 5 Class A / Class B residence and work permits for key foreign management personnel.

• Guaranteed Capital Repatriation: Unconditional transferability of net profits, dividends, and foreign loan service payments through authorized dealer banks.

• Land Lease Access: Assistance in obtaining long-term derivative land rights for investment projects through TIC land banks.

Requirements for TIC Application

To apply for a Certificate of Incentives, investors must submit:

1. A detailed Project Business Plan / Feasibility Study outlining capital expenditure, cash flows, and local employment projections.

2. Certified copy of the company’s Certificate of Incorporation and MemArts.

3. Proof of project land availability (e.g., Title Deed, Lease Agreement, or Land Allocation Letter).

4. Duly completed TIC Application Forms accompanied by the mandatory government application fee ($1,100 total covering application and certificate issuance).

The TIC One-Stop Facilitation Advantage

Through TIC’s integrated One-Stop Centre, investors can directly access desks for:

• Tanzania Revenue Authority (TRA) tax registration.

• Immigration & Labour Ministry work/residence permit processing.

• National Environment Management Council (NEMC) approvals.

• BRELA, TBS, and OSHA corporate clearances.

How City Squares Can Help You:

Securing a TIC Certificate of Incentives requires a clear feasibility study and disciplined agency coordination. With over 20 years of experience navigating foreign direct investment in Tanzania, City Squares handles your complete TIC registration lifecycle, from business plan preparation to incentive approval and work permit execution.

Connect with us on WhatsApp,  Schedule a dedicated consultation with an expert investment consultant.

Or Connect with us here, Fill the form below or book a 1-on-1 appointment for consultation.

Important Links to Our Services:

• Company Formation Services in Tanzania: Company Formation Service

• Services of the Saudi Embassy in Tanzania: Saudi Embassy Services

• Recruitment Services from Tanzania to the World: Employment Services

• Shipping and Customs Clearance Services: Logistics Services

Additional Resources:

• Company Formation Services in Tanzania: Launch your business with City Squares

• Book an Appointment: Book a 1 on 1 Free Video Meeting with Our Expert Consultant

• Learn About Us: Discover City Squares

• Checkout more articles on: Explore All Articles