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Student's Book Form Five
5. Failure to register a business may lead 5. Mr. and Mrs. Kasa plan to establish
to fines, penalties, imprisonment, a private company limited by shares
business closure, suspension of the to sell pesticides. The company is
license, and confiscation of property. expected to be located in Dar es
Salaam region. Describe licenses
FOR ONLINE READING ONLY
that they are supposed to acquire
Revision exercise before the commencement of the
business.
1. Describe the scope of business 6. What are the important documents
registration of a medium-sized needed in acquiring a business
enterprise. license from either BRELA or
2. Registering a medium-sized BPRA?
business has been considered by 7. Ms. Khadija Swalehe is establishing
most applicants as time-consuming, a business in Babati, Manyara
bureaucratic, and costly with region. Describe the procedures that
little value. Debunk this myth she must follow in registering the
by examining the importance of following:
business registration accruing to (a) Business Name
the applicant and the public in
general. (b) Company Registration
(c) Tax Identification Number
3. Registering a medium-sized business
is a very complex phenomenon as 8. With relevant examples from
there are many licenses. Describe Tanzania, illustrate the types of
the generic licenses or permits or sanctions that a medium-sized
certificates that apply in Tanzania business is likely to face by not being
Mainland and Zanzibar. registered.
4. Critically illustrate at least five 9. What can cause a medium-sized
sectoral licenses you are aware business to face fines or penalties
of. after registration?
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