On 21st September 2021, the Ministry of Trade and Industrial Development through its Minister issued a public notice on compliance to the Amendment of Section 238 of the Zanzibar Companies Act, 2013.
All Tanzania Mainland incorporated Companies are to re-register in Zanzibar for a Certificate of Incorporation by 20th December 2021
Following the amendment of Section 238 of the Zanzibar Companies Act, 2013 by Section 29 of the Zanzibar Finance Act of 2021 which required a company incorporated under the law applicable in Mainland Tanzania to register a foreign subsidiary company under the law applicable in Zanzibar if it establishes a place of business in Zanzibar, all Tanzania Mainland incorporated companies registered in Zanzibar have been ordered by the Minister to re-register for the Certificate of Incorporation in accordance with the Zanzibar Companies Act.
The notice requires the re-registration to be effected within 90 days from the date of the notice.
Effects of not re-registering within notice time
Please note that a failure to effect the re-registration within the specified time limit will lead to the companies being struck off from the Register.
How to comply with the notice
Register a subsidiary in Zanzibar. In order to register a subsidiary in Zanzibar, the following details are required: –
- A duly cleared name;
- 3 copies of Memarts;
- The postal and physical address of the registered office in Zanzibar;
- Shareholding structure;
- Shareholders information (full names, physical address, phone number, if corporate – certificate of incorporation, if the individual – passport copy, email addresses);
- Director’s information (full names, physical address, phone number, passport copy, email addresses). The minimum number of Directors is 2; and
- Company Secretary (full names, physical address, phone number, passport copy, email addresses).