Brela fees-Brela fees Structure For Companies - Millkun

Brela fees-Brela fees Structure For Companies

Brela fees
Brela fees

Brela fees; In Tanzania, the Business Registration and Licensing Agency (BRELA) plays a crucial role in facilitating business activities and formalizing enterprises. Part of this process involves the payment of various fees and charges that are necessary for the registration and operation of businesses. Understanding these fees is essential for entrepreneurs and business owners looking to navigate the regulatory landscape in Tanzania.

BRELA fees encompass a range of costs associated with business registration, licensing, and compliance. These fees are structured to ensure that businesses operate legally, maintain transparency, and contribute to the country’s economic growth. In this introduction, we will explore the different types of fees imposed by BRELA, the purposes they serve, and their significance in promoting a conducive business environment in Tanzania.

Brela fees
Brela fees

Brela fees Structure For Companies

Users interested in establishing and maintaining company names, businesses, service/trademarks, patents, and industrial licenses must pay registration fees as well as other costs in accordance with the BRELA fee structures shown below.

SNOBRELA FEES DESCRIPTIONFEE AMOUNT
1Company whose nominal share capital is:
– More than Tshs. 20,000/= but not more than Tshs. 1,000,000/=TSHS 95,000 /=
– More than Tshs. 1,000,000/= but not more than Tshs. 5,000,000/=TSHS 175,000 /=
– More than Tshs. 5,000,000/= but not more than Tshs. 20,000,000/=TSHS 260,000 /=
– More than Tshs. 20,000,000/= but not more than Tshs. 50,000,000/=TSHS 290,000 /=
– More than Tshs. 50,000,000/=TSHS 440,000 /=
2For registration of a company not having a share capital where the number of members as stated in the Articles of Association:TSHS 300,000 /=
3Filling fee for the application, meaning shs. 22,000/= for each document i.e Memorandum and Articles of Association, Forms no. 14a and 14b.TSHS 66,000 /=
4Each Stamp duty for each copy of the Memorandum and Articles of Association is chargedTSHS 10,000 /=
5Stamp duty for Form no. 14b is chargedTSHS 1,200 /=
6For reservation of a company nameTSHS 50,000 /=
7For company name changeTSHS 22,000 /=
8For the receipt and/or registration by Registrar of any document which under the Act is to be delivered to himTSHS 22,000 /=
9For the late filing/registration fee to be paid to the Registrar of any document delivered to him (per month or part thereof)TSHS 2,500 /=
10For filing of Annual ReturnsTSHS 22,000 /=
11For certification of any document, per pageTSHS 3,000 /=
12For making search in any file/perusalTSHS 3,000 /=
13For obtaining a written search report per fileTSHS 22,000 /=
14Fees payable by a company to which Part XII of the Act applies
– For the registration of certified copy of a charter, statute or memorandum and articles of the company, or other instrument constituting or defining the constitution of the companyUSD 750 /=
– For registration of filling any document required to be delivered to the Registrar under Part XII of the Act/other than the balance sheetUSD 220 /=
– For filling of Balance SheetUSD 220 /=
– For late filing/registration fee to be paid to the Registrar of any document delivered to him out of time (per month or part thereof)USD 25 /=
15For obtaining a copy of Certificate of IncorporationTSHS 4,000 /=

BRELA Company Registration Fees

Summary of the Fees

The table below gives a summary of the fees you should expect to pay while registering a local company with BRELA in Tanzania.

SNCAPITAL RANGE (TZS)MAIN FEEFILING FEESTAMP DUTY*TOTAL
120,000 to 1mil95,00066,0006,200167,200
21mil to 5mil175,00066,0006,200247,200
35mil to 20mil260,00066,0006,200332,200
420mil to 50mil290,00066,0006,200367,200
5More than 50mil440,00066,0006,200512,200

Detailed Fees Structure

1. BRELA Main Registration Fees

These fees vary depending on the capital that the company intends to register. The table below shows capital ranges and respective fees:

SNCAPITAL RANGE (TZS)FEE (TZS)
120,000 to 1mil95,000/=
21mil to 5mil175,000/=
35mil to 20mil260,000/=
420mil to 50mil290,000/=
5More than 50mil440,000/=

2. BRELA Filing Fees

These are fees that are based on the number of documents filed and is Tshs 22,000/= per document. Note that during registration, a company files three documents namely (i) memorandum of association, (ii) articles of association and (iii) declaration of compliance. Hence the total filing fees payable during registration is Tshs 66,000/=

SNDETAILSFEE (TZS)
1Memorandum of Association*22,000/=
2Articles of Association*22,000/=
3Declaration of Compliance (Form 14b)*22,000/=
TOTAL66,000/=

3. BRELA Stamp Duty Fees

The fee if 5,000 for memarts and 1200 for the declaration of compliance (form 14b) and is collected by virtue of the Stamp Duty Act. The duty is payable by companies intending to do business for profits and is exempted to companies that don’t plan to do for-profit businesses.

SNSTAMP DUTYFEE (TZS)
1On memarts*5,000/=
2On declaration of compliance (form 14b)1,200/=
TOTAL6,200/=

Conclusion on BRELA Fees

In conclusion, understanding and complying with BRELA fees is essential for anyone looking to start or operate a business in Tanzania. These fees are designed to facilitate the registration and licensing of businesses, ensuring that they operate legally and contribute to the country’s economic development. While the fees may vary depending on the type and size of the business, they are a necessary part of the regulatory process.

It’s important for entrepreneurs and business owners to be aware of these fees, plan for them in their budgets, and pay them promptly to avoid any legal complications. By doing so, they not only ensure their businesses’ compliance with Tanzanian laws but also contribute to the growth and formalization of the business sector in the country. BRELA’s transparent fee structure ultimately benefits both businesses and the broader economy.

Related post: