Tanzania's New Investment Act: "Same –
Same but Different"
The New Tanzania Investment Act 2022 has now become law
replacing the Tanzania Investment Act Cap 38 RE 2015 and its
amendments. While there was an expectation for major changes, the
reality is that the new Act is more or less the same as the
previous minus a few differences outlined below:
1. The Act is in the Kiswahili language and there is no
translation of the same in English.
2. Removal of the automatic immigration quota of 5 work and
residence permits for expatriates workers. While previously an
investor registered at the TIC would be allowed up to 5 immigration
permits and this was typically used for investors' strategic
employees, this incentive is removed which means there is no
guarantee for the investor to obtain immigration permits for its
strategic employees who will be treated like every other
applicant.
