Page 95 - Business_Studies_F5
P. 95
Student's Book Form Five
Exercise 5.2 do not have one. Once an account
is created the applicant will select
1. Why is business registration a the ‘registration of business names’
multifaceted phenomenon in option from the ‘our-services’ menu
Tanzania? provided online. From the Business
FOR ONLINE READING ONLY
2. Describe the sectoral licenses name segment, the applicant has an
which medium-sized businesses option to register a new business
are supposed to comply with. name, change particulars of a
business name, indicate cessation
of business name, pay annual
Procedures for registering maintenance fee and update data of
businesses an existing business name.
The procedures of registering businesses (b) Name clearance: Before commencing
including medium-sized enterprises vary the new business registration process,
depending on the type of license being the applicant must perform a name
sought and locality of operation in Tanzania clearance exercise online whereby
Mainland and Zanzibar. However, the he or she assesses other business
general procedures for issuing a business names registered with the agency
license, registering a business name and which are similar to theirs. Besides
company, acquiring a TIN number are this, the name clearance services can
almost similar in both Tanzania Mainland also be accessed even without an
and Zanzibar. Moreover, the procedures account.
for sectoral licenses differ from one
sector to another. The following section (c) Filling in the application form: Once
provides details on registration processes satisfied that there are no similar
at the level of the LGAs, BRELA, BPRA, names, the registration process
TRA, and ZRA. Most applications are done begins. In registering the new
online. business, the applicant is supposed
to prepare the application. The details
Procedures for business name to be filled in the application form
registration depend on the type of entity being
The following are the procedures for registered. In filling the application
registering business names: form the applicant is expected to
have the following details:
(a) Creating an account through Online
Registration System (ORS): The (i) Details of the applicant such
applicant creates an online account as birthdate, National ID/
via BRELA or BPRA website if they Zanzibar ID (for Zanzibaris
Business Studies for Advanced Secondary Schools 86
30/06/2024 19:02:36
Business Studies FORM 5.indd 86
Business Studies FORM 5.indd 86 30/06/2024 19:02:36
