Salient Features of the Mining (Local Content) Regulations, 2018 and the key changes brought forth by the Mining (Local Content) (Amendments) Regulations, 2019. Analysis and implications of the requirement for indigenous equity participation in mining activities as well as in the local content requirements in staffing of mining related entities. Know the minimum equity thresholds […]
BANKING AND FINANCE LAW REGULATION OF FOREIGN EXCHANGE TRANSACTIONS IN TANZANIA; INWARD AND OUTWARDS TRANSFERS AND RELATED PORTFOLIO INVESTMENT TRANSACTIONS
Regulatory control of foreign exchange transactions in Tanzania Purchase of securities from abroad Receipt of loans from abroad Operation and maintenance of foreign accounts by Tanzanian residents Related money laundering controls and restrictions 1.0 Introduction Further to our Article dated 9th June 2017 on regulation of transfer of foreign currency from Tanzania, this article seeks […]
TANZANIA INTRODUCES ONLINE APPLICATION FOR VISAS AND RESIDENCE PERMITS; NEW CATEGORIES OF RESIDENCE PERMITS AND ISSUANCE STATUS TO FEATURE ONLINE APPLICATIONS.
In Brief: Online services are now available on the Tanzania immigration website immigration.go.tz Introduction of new categories of resident permits class A, B and C Introduction of Issuance Statuses Prospective employees must apply from outside the country. 1.0 Introduction On the 27th day of December, 2018, the Tanzania Immigration Department introduced online visa, residence permit […]
COMPANY LAW UPDATE: RESPONSIBILITIES AND LIABILITIES OF DIRECTORS OF A COMPANY IN TANZANIA
General responsibilities of directors of a company. Executive vs. Non-Executive Directors General liabilities of directors of a company Liabilities of directors of a company during liquidation Liabilities of directors in actions brought against the company by creditors 1.0 Introduction The essence of a Company is that it has a legal personality distinct from the people […]
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