Faculty of Law

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Browsing Faculty of Law by Subject "1997 (Act No. 26 of 1997)"

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    A critical analysis on effectiveness of the laws and practice governing registration of foreign companies in Tanzania
    (Mzumbe University, 2018) Kashoza, Bahati
    Foreign company means company incorporated outside the territory which have established a place of business in the territory and continue to have an established place of business within the territory. 1 Tanzania is endowed with enormous natural resources and other economic potentials that provide for the increasing opportunities of investment. Owing to her rich natural resources and potential areas for investment in the agriculture, manufacturing, tourism, mining and energy industries, Tanzania has attracted a handful of big investors from foreign countries. This study was aimed to examine on the laws and practice governing the registration of foreign companies in Tanzania. In which the study contained five chapters. In the study, the main objectives was to have a critical analysis in the legal and regulatory framework in relation to the registration of foreign companies in Tanzania while specific objectives were to examine the extent of benefits on effective laws and practice governing registration of foreign companies; to analyze loopholes in legal and regulatory framework governing the registration of foreign companies that attracts foreign companies to the abuse of freedom of investment and doing business and examine to what extent of awareness provided by the institution concerned registration of foreign companies. The study was conducted at Dar Es Salaam City and involved a sample size of 30 respondents was recruited for this study. The population sample was based from TIPER (Tanzanian and Italian Petroleum Refining Company Limited). Cargo Delivery Freighters Ltd and East Cost Oil & Fats Co. Ltd, in Directors, legal officers and Company Secretaries were selected. Also interviews and questionnaire were administered to advocates dealing with corporate laws, academician experts in corporate Laws, high court judges of the Commercial Division, TRA and BRELA officials.