Tanzania Investment Center to Facilitate Fully Online Registration for Foreign Prospective Investors

Tanzania Investment Center to Facilitate Fully Online Registration for Foreign Prospective Investors

benzemah

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The Tanzania Investment Centre (TIC) will soon open an online registration window (TelW) to allow a prospective investor to register with the center from any point on Earth.

This was said by the TIC executive director, Gilead Teri, after attending a special 43rd extraordinary session of the Executive

Committee of the Tanzania National Business Council (TNBC) held on Monday. The system will be known as Tanzania Electronic Investment Window (TelW). Teri said the system is in the final stages of its establishment, adding that a prospective investor will be able to register online with the center, apply for a permit and license, and even be awarded a certificate upon completing all formalities.

The system, he said, seeks to save time and resources for the applicant and further add value to TIC's world-class services. The TIC already has the Online Work Permits Applications and Issuance System (OWAS) in place. OWAS is linked with immigration and labor departments. So an investor is issued with a work and residence permit within days of submitting all necessary documents. OWAS eliminates verification by the National Examination Council of Tanzania, the National Council for Technical Education, and the Tanzania Commission for Universities.

TelW will enable the prospective investor to get services of the TRA, BRELA, NIDA, Land Department, and of course, our own TIC services," Mr. Teri explained. The applicant, he said, will no longer be required to visit offices of departments he accessed in the TelW.

Teri could not say how soon TelW will be operational but said, "We should be able to launch the system after successful trials this month." He called on Tanzania to regularly visit the TIC website for updated information.​
 
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