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The Business Registration and Licensing Agency (“BRELA”) has issued a public notice reminding all business name owners in Tanzania including individuals trading as sole proprietors, partnerships and companies with a trading name to ensure they pay their outstanding annual maintenance fees within a period of three months from 1 May 2017 in accordance with the Business Names (Registration) Rules of 1998.
According to the notice, owners of business names who fail to comply with the directive within the specified period will be struck off the Registers and the owners taken to Court from 1 August 2017.
A list of some business names with outstanding fees will soon be uploaded on BRELA’s website www.brela.go.tz. The list will be updated as the audit exercise goes on. According to a contact person at BRELA, a business name owner is required to present to BRELA a copy of their business name registration certificate together with the last paid receipt. An assessment will then be made of all outstanding annual maintenance fees required to be paid.
According to the information we have gathered from BRELA, there are currently no penalties for making payments of late annual maintenance fees.
Should you have any queries or need any clarifications with respect to the above, please do not hesitate to contact Sonal Sejpal or Shamiza Ratansi.
The content of this alert is intended to be of general use only and should not be relied upon without seeking specific legal advice on any matter.