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March 9, 2022 By Breakthrough Attorneys

BANKING AND FINANCE LAW UPDATE: LICENSING OF MICROFINANCE SERVICE PROVIDERS (MSPs) IN TANZANIA AND IMPLICATIONS FOR OPERATING WITHOUT REQUIRED LICENSE.

The Microfinance Act No. 10 of 2018 (“The Microfinance Act”) requires all microfinance service providers to obtain license to operate as such from the Bank of Tanzania (“BOT”) or any other regulatory body delegated by the BOT to issue such license. This requirement extends to the microfinance service providers who were operating before enactment of the Microfinance Act

March 9, 2022

January 18, 2022 By Breakthrough Attorneys

COMPANY LAW UPDATE: EXTENSION OF TIME FOR REGISTRATION OF COMPANY’S BENEFICIAL OWNERS INFORMATION.

Enforcement the Companies (Beneficial Ownership) Regulations, 2021 Defining the beneficial owner Mandatory registration of Beneficial Owners by Companies in Tanzania Timeline for registration of Beneficial Owners Time extension for registration of Beneficial Owners’s information 1.0 Introduction As part of the efforts to developing Tanzania in business and investment, but also as a means to regulate corruption […]

January 18, 2022

December 7, 2021 By Breakthrough Attorneys

REGULATORY AND COMPLIANCE LAW UPDATE: THINGS YOU SHOULD KNOW WHEN BUYING AND EXPORTING CASHEWNUT FROM TANZANIA

The Tanzanian economy is well known to be dependent on the Agriculture sector. Tanzania is well known to be among the leading Cashewnut producers in Africa. Areas known predominantly for Cashewnut cultivation include the southern coastal regions of the country, near the towns of Mtwara, Kilwa and Dar es Salaam. The Cashewnut Board of Tanzania (CBT) is entrusted with the responsibility of regulating the development of the Cashew Industry in Tanzania. In undertaking its mandated roles the CBT puts more emphasis in improving efficiency and effectiveness in the Cashewnut sub sector in order to meet requirements of different stakeholders thereby enabling them to contribute to the national development. The Board is established under section 3 of the Cashewnut Industry Act No.18 of 2009.

December 7, 2021

October 11, 2021 By Breakthrough Attorneys

CORPORATE SECRETARIAL LAW UPDATE: AMENDMENTS OF THE ZANZIBAR COMPANIES ACT NO. 15 OF 2013 REGARDING COMPANIES REGISTERED IN TANZANIA MAINLAND

A brief overview of the new legal requirements for foreign companies registered in Zanzibar. Summary of the amendment of the Zanzibar Companies Act enunciated in the Finance Act No. 3 of 2021. The legal implications on the new amendments on Foreign companies registered in Zanzibar 1.0 Introduction The Revolutionary Government of Zanzibar on the 24th June 2021 […]

October 11, 2021

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Popular Articles Posts

  • NEW REGULATIONS ON WORK PERMITS IN TANZANIA posted on May 15, 2017 | under Articles
  • COMPANY VOLUNTARY WINDING UP: LAW AND PROCEDURE IN TANZANIA posted on March 8, 2017 | under Articles
  • UPDATE ON TANZANIA SUCCESSION LAW: PROBATE AND ADMINISTRATION OF ESTATES LAW: PROTECTION OF BONAFIDE PURCHASER OF A PROBATED ASSET IN TANZANIA posted on December 10, 2018 | under Articles
  • LITIGATION LAW UPDATE: WHAT LITIGANTS SHOULD KNOW REGARDING THE RECENT AMENDMENTS TO THE TANZANIA CIVIL PROCEDURE CODE, CAP. 33 R.E. 2002; VOLUME I. posted on June 29, 2019 | under Articles
  • BREAKTHROUGH ATTORNEYS’ OVERVIEW OF THE TANZANIA’S BUDGET FOR THE FINANCIAL YEAR 2020/2021 posted on June 23, 2020 | under Articles

Popular News Posts

  • TANZANIA SOCIAL SECURITY LAW UPDATE: THE GOVERNMENT INTRODUCES A BILL FOR MERGER OF EXISTING SOCIAL SECURITY SCHEMES IN TANZANIA. posted on November 23, 2017 | under News
  • NEWS UPDATE: THE OFFICE OF THE ATTORNEY GENERAL IN TANZANIA UNDERGOES RESTRUCTURING posted on March 7, 2018 | under News
  • Cybercrimes Act 2015 Tanzania: The Challenge in the Hands of Both Corporates and Individuals posted on May 9, 2015 | under News, Recent News
  • A Quick Look Into Regulatory System in Mergers and Acquisitions In Tanzania posted on January 29, 2016 | under News
  • A Quick Look Into Intellectual Property Law in Tanzania posted on April 28, 2016 | under News

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Breakthrough Attorneys
T: +255 222 603 002
F: +255 222 603 001
M: +255 784 763 933
E: info@breakthroughattorneys.co.tz

Address
66 BTA House, Plot No. 331/00
Msasani Road, Oysterbay,
Opposite United Nations, Umoja House,
P.O. Box 72838
Dar es Salaam, Tanzania
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Breakthrough Attorneys is an ultramodern legal practice based in Dar es Salaam, Tanzania having a spectrum of cross-borders practices that caters for local and multinational corporations, financial institutions, government entities as well as business private individuals concerning their legal needs around the globe.
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