Investment Act, No. 10 of 2022. Country/Territory United Republic of Tanzania Document type Legislation Date 2023 Source FAO, FAOLEX Long titleAn Act to make provisions for investment in Tanzania, to provide for more favourable conditions for investors, to provide the institutional framework for co-ordination, protection, attraction, promotion and facilitation of investment, to repeal the Tanzania Investment Act, 1997 and for related matters. Subject General Keyword Framework law Business/industry/corporations Gender Subsidy/incentive Inspection Procedural matters Consumer protection Financing Geographical area Africa, Eastern Africa, Least Developed Countries Abstract This Act, comprising 37 Articles divided into five Parts, aims to create a favourable environment for investments in Tanzania. It establishes conditions for business enterprises to be eligible for certain benefits and protections. To qualify, a business must meet specific requirements and cannot engage in activities related to mining, petroleum, hazardous chemicals, armaments, or explosives. The minimum investment capital needed depends on ownership status. Under Article 4 there shall continue to exist the Tanzania Investment Centre a one-stop centre for investors and the government's primary agency to coordinate, encourage, promote and facilitate investment and advise the Government on investment policy and related matters. All requests for certificates of incentives and protection under this Act, or to rehabilitate or expand an existing enterprise, must be submitted to the Centre, which will issue these certificates by the Regulations. The Centre shall maintain a register of all certified business enterprises containing such particulars as the Board may determine. Furthermore, a National Investment Steering Committee shall be established to effectively promote, facilitate, and implement investment projects in Tanzania. By the provision of Article 23, notable strategic investments shall be recognised and granted additional benefits. The article also indicates the cases in which a business enterprise is regarded as a strategic investment. Full text English Website oagmis.agctz.go.tz