In a nutshell, here are Seven key reasons to invest in Tanzania:-
- Tanzania offers a well-balanced and competitive package of fiscal incentives in comparison with other African countries with double taxation treaties signed with Denmark, India, Italy, Norway, Sweden, Kenya, Uganda, Zambia and Finland and has ongoing negotiations on the same with South Africa, Republic of Korea, Zimbabwe, United Arab Emirates, Russia, Seychelles, Mauritius, Egypt, Yugoslavia and Oman.
- Tanzania has agreements that protect and promote foreign investment against nationalisation or expropriation. In addition to being a signatory of several multilateral and bilateral agreements on the protection and promotion of foreign investment Tanzania is also a member of the Multilateral Investment Guarantee Agency (MIGA) and International Centre for Settlement of Investment Disputes (ICSID).
- Tanzania has abundant and untapped natural resources including arable land, minerals and natural tourist attractions which offer a wide range of investment opportunities and awaiting potential investors. Tanzania is internationally renowned for its abundance of wildlife attractions and unexploited mineral reserves. The Mining and Tourism sector are tipped to become the "growth sectors" of the economy.
- The Tanzanian government has a pro-investment attitude which is clearly demonstrated by innovative legislation, the increasing number of foreign direct investments and institutional support that is readily available from the Tanzania Investment Centre (TIC) and other Government institutions. TIC is a "one stop facilitative centre for all investors", engaged in the business of marketing Tanzania as an investment destination and works hand in hand with the Lands Department, the Tanzania Revenue Authority (TRA), the Immigration Department, the Labour Division, the Directorate of Trade and the Business Registration & Licensing Agency (BRELA) to facilitate the process from registration of business operations to licensing and tax payment.
- Tanzania has an unwavering commitment to build a strong private sector which is being supported by a number of measures to reform the business environment and encourage stakeholder participation in the dialogue on strategic issues related to the investment process and business environment in Tanzania. The President himself regularly meets with various groups of private sector representatives through roundtables such as the Local Investor's Round Table (LIRT), International Investor's Roundtable (IIRT) and the Chief Executive Officers (CEO) Roundtable to discuss specific issues aimed at improving Tanzania's business competitiveness.
- Tanzania has made deliberate efforts to improve infrastructure facilities. It has good quality roads, two railway networks which connect 14 out of 21 cities and Zambia, international and domestic airports linking Tanzania to the world and three major ports of Dar es Salaam, Tanga and Mtwara which function as hubs for traffic to and from land locked neighbouring countries of Uganda, Burundi, Rwanda, Zambia, Malawi, and the Democratic Republic of Congo.
- Tanzania is a premier Tourist Destination. Tanzania is one of Africa's leading tourist destinations and boasts of unique tourist attractions. First and foremost is the Ngorongoro Crater which has been named one of the seven natural wonders of Africa and holds the stature of a UNESCO world Heritage Site. One of the largest volcanoes on the planet which erupted three and half million years ago formed the 2,000ft deep and 260 square kilometer-wide Ngorongoro Crater which now resides within the 8,300 square mile Ngorongoro Conservation Area, the only place on Earth where mankind and wild animals co-exist. The Ngorongoro Crater is also widely recognised for having the densest population of animals on Earth. Tanzania also prides itself of having the highest and most famous mountain in Africa - Mount Kilimanjaro. People from all over the world climb Mount Kilimanjaro to experience its challenging slopes, rare glaciers and stunning views of Africa. There is also a collection of islands including the larger islands of Unguja and Pemba fondly known as 'The Spice Islands' and Mafia which promise a tranquil time and make an attractive destination of choice for many a traveler.