Tanzania’s business environment is bound to be more investor-friendly with the launch of Tanzania Electronic Investment Single Window System (TeIW).
Developed by the Tanzania Investment Centre (TIC), with funding from the UK Department for International Development (UKAID), Tanzania-Irish Embassy, and Norway, this innovative online platform simplifies registering new businesses with only a few clicks.
TeIW serves as a centralised information system that not only receives investor applications but also streamlines the tracking and issuance of permits, all within a single platform.
“This eliminates the need for investors to physically visit various government offices, saving them valuable time and reducing associated costs,” according to a statement released by the Tanzania Investment Center (TIC).
Investors can expect timely feedback and support for a range of services, including National Identification Number (NIN) issuance, Tax Identification Number (TIN) registration, Tax Exemption requests, Company Registration, Work Permit applications, Resident Permit processing, TIC Certification of Incentives, and Land Derivative Title acquisition.
The TeIW platform is a game-changer for investors and a significant step forward in the country’s journey towards economic growth and prosperity.
TeIW will connect investors with One Stop Shop system of the Tanzania Investment Centre (TIC) for easier monitoring.
“TeIW is expected to address problems prospective investors’ face, particularly in lodging applications and the issuance of investment registration permits, by simplifying procedures since all services will be provided through a single window,” the statement said.
The Minister for Trade and Industry Dr Ashatu Kijaji last year said that the TeIW had already registered 12 institutions namely TIC, National Identification Authority (NIDA), Tanzania Revenue Authority (TRA), Business Registrations and Licencing Agency (BRELA), Immigration.
Others are the Tanzania Medicine and Medical Devices Authority (TMDA), Tanzania Bureau of Standards (TBS), National Environment Management Council (NEMC), Tanzania Electric Supply Company (TANESCO) and Occupational Safety and Health Authority (OSHA).
Dr Kijaji said that the system will enable investors get ID number, TIN number, VAT exemption, company registration, working and residence permit, owner documents and investment certificate.