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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
We can help you choose the right business structure for your company based on your goals, needs, and preferences. We can advise you on the advantages and disadvantages of various business structures, such as sole proprietorship, partnership, limited liability company (LLC), and corporation.
At Sajili Biashara , we understand that company formation and registration processes can be complex and time-consuming. Our team of experts has extensive experience in guiding new businesses through the company formation process and helping established businesses expand their operations. We are committed to helping our clients start and grow successful businesses in Tanzania and broader African markets. Contact us today to learn more about how we can help you with your company formation consulting needs.
We can assist you in complying with all the legal requirements for company formation and registration in Tanzania and broader African markets. Our team can help you prepare the necessary legal documents, such as articles of incorporation, bylaws, operating agreements, and shareholder agreements, and ensure that they comply with all relevant regulations and requirements.
At SajiliBiashara, we understand that company formation and registration processes can be complex and time-consuming. Our team of experts has extensive experience in guiding new businesses through the company formation process and helping established businesses expand their operations. We are committed to helping our clients start and grow successful businesses in Tanzania and broader African markets. Contact us today to learn more about how we can help you with your company formation consulting needs.
We can assist you in registering your new company for tax purposes, such as obtaining a tax identification number (TIN), registering for value-added tax (VAT), and obtaining any other necessary licenses or permits.
At SajiliBiashara, we understand that company formation and registration processes can be complex and time-consuming. Our team of experts has extensive experience in guiding new businesses through the company formation process and helping established businesses expand their operations. We are committed to helping our clients start and grow successful businesses in Tanzania and broader African markets. Contact us today to learn more about how we can help you with your company formation consulting needs.
We can help you develop a comprehensive business plan that includes financial projections, marketing strategies, and operational plans. Our team can assist you in identifying your target market, developing a sales strategy, and creating a budget that will help you achieve your business goals.
At Sajili Bisahara, we understand that company formation and registration processes can be complex and time-consuming. Our team of experts has extensive experience in guiding new businesses through the company formation process and helping established businesses expand their operations. We are committed to helping our clients start and grow successful businesses in Tanzania and broader African markets. Contact us today to learn more about how we can help you with your company formation consulting needs.
We can help you establish and maintain good relations with potential investors and stakeholders. Our team can assist you in preparing investor presentations, developing investment proposals, and creating an effective communication strategy that will help you attract and retain investors.
At Sajili Biashara, we understand that company formation and registration processes can be complex and time-consuming. Our team of experts has extensive experience in guiding new businesses through the company formation process and helping established businesses expand their operations. We are committed to helping our clients start and grow successful businesses in Tanzania and broader African markets. Contact us today to learn more about how we can help you with your company formation consulting needs.
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.
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HOW CAN OUR BUSINESS SETUP CONSULTANTS HELP YOU?
Complete assistance with KSA business formation, enabling your business to be operational as soon as possible.
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