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Showing posts from November 25, 2020

Audit Services in Tanzania

  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 in th

Intellectual Property Services in Tanzania

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  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, size,

Accounting and Bookkeeping Services in Tanzania

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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

Company Secretarial Services in Tanzania

  Company secretarial services include legal and business advisory support. Why Does a Business Need Company Secretarial Services? The administration of a company calls for certain tasks that coincide with the regulatory and corporate framework of a country. Such tasks include, but are not limited to, company registration, share allotment, submission of annual duty, maintenance of statutory registers, etc. In Tanzania, it is mandatory for businesses to make all required filings with the Business Registration and Licensing Agency (BRELA). These only help a company in the long term with regard to sustainability and efficiency of operations. Our Offerings We provide the following company/corporate secretarial services in Tanzania: Management of meetings and board support Custodial services and compliance Secretarial support function and training Statutory health check Advice on corporate governance ma

BUSINESS SETUP TANZANIA

  Tanzania Tanzania, known officially as the United Republic of Tanzania, is a country in East Africa, just south of the Equator. The population of the country is ethnically and linguistically diverse. The economy of Tanzania is primarily agrarian, with agriculture accounting for about 40% of the nation’s GDP. In addition, Tanzania is also rich in mineral resources, especially gold, diamond, tin and gypsum. The major industries are food processing, textiles, brewing, and tobacco, with a smattering of steel mills and paper &a