Australian companies are advised to spend time investigating the market, obtain professional advice where appropriate and thoroughly investigate the issues in entering the market and before establishing business relationships.
Australian firms wishing to operate in this market should commit to the highest level of corporate behaviour and familiarise themselves with Australia's laws and penalties pertaining to bribery of foreign officials.
Bribery of foreign public officials is a crime. Australian individuals and companies can be prosecuted in Australia for bribing foreign officials when overseas. Further information on the regulations governing bribery of foreign public officials is available.
For further information on frauds, scams, personal and asset security, intellectual property protection and other business risks please read more about legal issues.
There is no freehold title to land in Tanzania, all land is public land which the President is a trustee for and on behalf of all Tanzanians. The Land Act provides that a non-citizen shall not be allocated or granted land unless it is for investment purposes as provided for under the Tanzania Investment Act. The Act further provides that a corporate body in which majority shareholders or owners are non-citizens shall be deemed non-citizens or foreign corporation.
Whether or not the corporate body is registered in Tanzania, if the majority of shareholders or owners are non-citizens, it will be deemed as a foreign corporation hence cannot be granted right of occupancy unless such a corporate body is registered and granted a Certificate of Incentives under the Tanzania Investment Act.