Private Limited Companies

QUICK, EFFICINET & AFFORDABLE
SETUP OPTIONS

Private Limited Companies

One of the most popular types of incorporated companies in the Tanzania are private limited companies. These days you can even form one online using a formation service such as the one provided by Your Company Formations. If you prefer to speak with a human, you can call one of our professional company formation experts who will walk you step-by-step through the simple process. Call us on +255 689 7888.

To set up a private limited company you do not need a minimum amount of capital, neither do you need to have hundreds of employees working for you. In fact many of the thousands of private companies formed in the Tanzania are very small, with an initial share capital of less than $100. Small and medium sized businesses with a simple set up are also allowed to submit modified accounts to Companies House instead of full accounts.

Ideal set-up for Sole Traders Forming a private limited company is a good way for sole traders to protect themselves against trading losses, especially when working within an unstable and ever-changing economic climate. What this means for a one-person operation is that their company will be responsible for its own debts and trading losses rather than the individual. The individual person’s own assets will remain protected from business creditors, and their liability will be limited to their share amount.

How We Work with Clients

What are the advantages of a Private Limited Company?

1. A legal entity in its own right, a private limited company enables you to keep your company finances separate from your own personal finances.

2.Personal Liability Protection: Your personal assets are not put at risk should your business fail. Your liability as a shareholder is limited to the amount unpaid of the shares held by you.

3.Forming a company will add to your business creditability. This makes it easier to secure finance for your business with less personal risk.

4.Boosting customer confidence: You business will be perceived as more professional and reputable, so building trust with your customers and commercial partners.

4.Indefinite lifespan: Private limited companies do not cease trading if a director or shareholder dies.

5.Lower rate of tax liabilities: As a private limited company you can gain tax benefits.

Our Most Popular Services

We can provide free qualified guidance to help get you
started with your business needs.

Registered Office Address

We offer a service that allows business owners the use of our prestigious address as if it were their own, and get official mail passed on to them hassle-free and confidentially without compromising their private residential address.

Business Trading Address

Our service allows you to receive your company’s correspondence at our central Dar es Salaam location as if it were your own, giving the appearance of your business being based in the heart of the capital.

Director Service Address

Companies House legally require all directors of Tanzania companies and partners of LLPs to register a directors business address for the public record.

HOW CAN OUR BUSINESS SETUP CONSULTANTS HELP YOU?

Complete assistance with KSA business formation, enabling your business to be operational as soon as possible.

 

Expert
Consultation

Business Review
& Strategy

Business
Registration

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