ETJ.PROFFESSIONAL CONSULTANCY LTD

Many companies in Tanzania outsource all of their payroll work and have their employees to put efforts in other aspects of the business. Payroll outsourcing service in Tanzania does involve a third-party agency to do most of the company’s payroll work, that includes managing the employee’s salary, payment and calculation as well as other functions. For any company that is considering to set up a business in Tanzania, managing the payroll, taxes, human resource and other stuff are time-consuming as well as money spent waste. Without realising this, most companies do set up their payroll services in-house and waste their resources on such non-profitable work. This is where you need to consider outsourcing payroll services. Many companies in Tanzania outsource all of their payroll work and have their employees to put efforts in other aspects of the business. Payroll outsourcing involves an agency to...

  Virtual office space is a type of office service and meeting rooms for physical interaction with clients and everything else without the need to have a physical office. Virtual office space in Tanzania is nothing but a type of service that is availed by mostly start-ups and business owners. This includes providing them with a physical office address, administration services, access to meeting rooms in case of face-to-face meetings, and everything else without a physical business centre. Tanzania being a country present in the sub-Saharan region, has extreme temperature conditions, that sometimes prevent the locals from stepping out of their homes. On top of that, being one of the leading economies in the EAC (East-African Countries) has attracted many foreign investors to set up a business in Tanzania . To cater towards both the needs, the majority of the start-ups have resorted to availing...

  Before you start setting up your business in Tanzania, it is necessary for the company to open a corporate bank account in Tanzania. Opening a corporate bank account in Tanzania is comparatively easy, and can be opened in either TZS or USD, GBP and EUR. This depends upon the type of account you choose and the bank in which you want to open. Located in the sub-Saharan Region, Tanzania was an economy that was once solely dependent upon agriculture. But now, everything has changed. Newer reforms, as well as encouragement towards the introduction of private companies, has made the economy of Tanzania less dependent upon agriculture. The government of Tanzania has also supported foreign companies to invest in Tanzania, and help develop the economy of the country, by reducing corporate and income tax rates. This move has attracted most of the companies in setting up a business in Tanzania. Befor...

  An audit is a process of examining a company’s financial statements, to keep a check on the company’s financial position, cash flow, and the operations using standard accounting and auditing principles. In Tanzania, the NAOT (National Audit Office of Tanzania) is the authority that sets the appropriate audit standards in the country. According to the Companies Act of 2002, the government mandates that an audit is to be conducted by a company unless they meet a specific criterion, which is to be specified by the Ministry of Finance and Planning (MoFP). An audit is a process of examining a company’s financial statements, to keep a check on the company’s financial position, cash flow, and the operations using standard accounting and auditing principles. For businesses in Tanzania , an audit is essential, as it gives a level of trust and assurance for investors to have a reason for investing i...

  Intellectual property (IP) comprises ideas, logos, literary works, inventions, names of services, products or companies, or processes related to computer, business or chemical, and much more. We help you safeguard any intellectual property related to your business. What is Intellectual Property? Any business that exists has a face of recognition. This face is either a symbol, or a logo that stands and communicates on the behalf of an organization, and are known as intellectual property. They play a major role in the business development process, ranging from communicating to a mass audience and converting them into customers, making them brand loyal. Intellectual properties have been segmented for ease, and they have been divided into the following groups: 1. Industrial Design Mostly deals with the virtual design of manufactured goods. It may deal with different aspects like shape, si...

Business Setup Worldwide offers a broad range of accounting services in Tanzania that ensure the accounting and finance of an organization are updated and available. Our services include basic accounting service, accounts payable and receivable, expense processing, cash forecasting services, and consolidation of accounts along with inventory verification and all the processes which require the assistance of an accountant. Why Does a Business Need Accounting and Bookkeeping Services? Accountancy is the finance tracker of a business. It is the way through which a business communicates about its stability in the competitive world. Bookkeeping and accounting have made it easier for organizations to establish their financial grounds and to leverage the business potential to a great extent. These services help the organization to understand the financial insights of a firm so that it becomes easie...