Page 96 - Business_Studies_F5
P. 96

Student's Book  Form Five


                    applying to Zanzibar Business    Procedures for company registration
                    and Property Registration        The following are procedures for
                    Agency (BPRA), Passport          company registration:
                    number (for foreigners), and      (a)  Creating an account through Online
                    physical address.
                                                          Registration System (ORS): The
        FOR ONLINE READING ONLY
                 (ii)  Information about business         applicant acting on behalf of the
                    name.                                 company being registered creates

                 (iii)  Principal place where business    an online account via BRELA or
                    is registered in Tanzania.            BPRA website in case they do not
                                                          already have one. Once an account
                 (iv)  Details of the business activities.
                                                          is created the applicant will select
                 (v)  Ownership details (for              the  ‘registration  of  companies’
                    partnership or corporation).          option on the ‘our services’ menu.

                                                          From the registration of companies’
           (d)  Uploading the attachments:  The
               applicant will be obliged to upload        segment, the applicant has an option
               the attachments.                           to register a new company, reserve
                                                          a company name, change particulars
           (e)  Making and confirming payment:            of a company, file documents about
               Once documents are successfully            the company and file annual returns
               uploaded a control number will be          (accounts) or updates.
               generated for payment. Payment

               includes payment for registration      (b)  Selecting the type of company to
               fee and annual maintenance fee.            be registered: The applicant has an
                                                          option to register either a foreign
           (f)  Submitting the application: Once          company; private company either

               payment is received the applicant          limited by guarantee or shares,
               will submit the application.               public company limited by shares
           (g)  Decision from the agency: In case there   or unlimited private company.
               are corrections in the submission, the   (c)  Filling in the application form: The
               applicant will get feedback of areas       applicant will fill-in the application
               requiring corrections. If there are no     form as per details required. The

               corrections then the applicant will        details to be filled in the application
               receive an approval and certificate        form will depend on the type of
               with the business name and the             company being registered. For
               business extract that has director’s       instance, if it is a private company
               details.






                                                  87        Business Studies for Advanced Secondary Schools



                                                                                        30/06/2024   19:02:36
   Business Studies FORM 5.indd   87                                                    30/06/2024   19:02:36
   Business Studies FORM 5.indd   87
   91   92   93   94   95   96   97   98   99   100   101