Identifier
Created
Classification
Origin
09DARESSALAAM32
2009-01-20 13:44:00
UNCLASSIFIED
Embassy Dar Es Salaam
Cable title:
TANZANIA 2009 INVESTMENT CLIMATE STATEMENT
how-toVZCZCXRO0694 RR RUEHBZ RUEHDU RUEHJO RUEHMR RUEHRN DE RUEHDR #0032/01 0201344 ZNR UUUUU ZZH R 201344Z JAN 09 FM AMEMBASSY DAR ES SALAAM TO RUEHC/SECSTATE WASHDC 8184 INFO RUEATRS/DEPT OF TREASURY WASHINGTON DC RUCPDOC/DEPT OF COMMERCE WASHDC RUCPDOC/USDOC WASHDC RUCPCIM/CIMS NTDB WASHDC RUCNSAD/SOUTHERN AF DEVELOPMENT COMMUNITY COLLECTIVE RUEHNR/AMEMBASSY NAIROBI 1108 RUEHLGB/AMEMBASSY KIGALI 1210 RUEHJB/AMEMBASSY BUJUMBURA 2766 RUEHKM/AMEMBASSY KAMPALA 3282
UNCLAS SECTION 01 OF 07 DAR ES SALAAM 000032
SIPDIS
STATE FOR AF/E JLIDDLE, EB/IFD/OIA
E.O. 12958: N/A
TAGS: BEXP BTIO ECON EINV ETRD OPIC KTDB USTR TZ
SUBJECT: TANZANIA 2009 INVESTMENT CLIMATE STATEMENT
REF: 2008 STATE 123907
Openness to Foreign Investment
------------------------------
UNCLAS SECTION 01 OF 07 DAR ES SALAAM 000032
SIPDIS
STATE FOR AF/E JLIDDLE, EB/IFD/OIA
E.O. 12958: N/A
TAGS: BEXP BTIO ECON EINV ETRD OPIC KTDB USTR TZ
SUBJECT: TANZANIA 2009 INVESTMENT CLIMATE STATEMENT
REF: 2008 STATE 123907
Openness to Foreign Investment
--------------
1. The Government of Tanzania (GOT) generally has a favorable
attitude toward foreign direct investment (FDI) and has made
significant efforts to encourage foreign investment. Inflows of FDI
continued to grow in 2007, according to the United Nations
Conference on Trade and Development (UNCTAD) World Investment Report
2008. There is no restriction in foreign exchange. Foreign
investors generally receive national treatment; however, the Tourism
Act of 2007 bars foreigners from engaging in some tourism-related
businesses. The Tanzanian Investment Center (TIC),established by
the Tanzanian Investment Act of 1997, is the focal point for all
investors' inquiries and facilitates project start-ups. TIC
continues to improve investment facilitation services, provide joint
venture opportunities between local and foreign investors, and
disseminate investment information. Companies holding TIC
certificates of incentive are allowed 100% foreign ownership; VAT
and import duty exemptions; and repatriation of 100% of profits,
dividends, and capital after tax and other obligations. Similar
incentives are offered to investors in Zanzibar through the Zanzibar
Investment Promotion Agency (ZIPA).
2. Among investment and trade opportunities promoted by the TIC are
agriculture, mining, tourism, telecommunications, financial
services, and energy and transportation infrastructure. The GOT
accepts foreign investment in Build, Operate and Transfer (BOT)
projects and has launched a concession system aimed at attracting
foreign investors to build infrastructure. Investment tax incentives
are stable and predictable.
3. Land ownership re-ekog zwqwKp|dtQ
SIPDIS
STATE FOR AF/E JLIDDLE, EB/IFD/OIA
E.O. 12958: N/A
TAGS: BEXP BTIO ECON EINV ETRD OPIC KTDB USTR TZ
SUBJECT: TANZANIA 2009 INVESTMENT CLIMATE STATEMENT
REF: 2008 STATE 123907
Openness to Foreign Investment
--------------
1. The Government of Tanzania (GOT) generally has a favorable
attitude toward foreign direct investment (FDI) and has made
significant efforts to encourage foreign investment. Inflows of FDI
continued to grow in 2007, according to the United Nations
Conference on Trade and Development (UNCTAD) World Investment Report
2008. There is no restriction in foreign exchange. Foreign
investors generally receive national treatment; however, the Tourism
Act of 2007 bars foreigners from engaging in some tourism-related
businesses. The Tanzanian Investment Center (TIC),established by
the Tanzanian Investment Act of 1997, is the focal point for all
investors' inquiries and facilitates project start-ups. TIC
continues to improve investment facilitation services, provide joint
venture opportunities between local and foreign investors, and
disseminate investment information. Companies holding TIC
certificates of incentive are allowed 100% foreign ownership; VAT
and import duty exemptions; and repatriation of 100% of profits,
dividends, and capital after tax and other obligations. Similar
incentives are offered to investors in Zanzibar through the Zanzibar
Investment Promotion Agency (ZIPA).
2. Among investment and trade opportunities promoted by the TIC are
agriculture, mining, tourism, telecommunications, financial
services, and energy and transportation infrastructure. The GOT
accepts foreign investment in Build, Operate and Transfer (BOT)
projects and has launched a concession system aimed at attracting
foreign investors to build infrastructure. Investment tax incentives
are stable and predictable.
3. Land ownership re-ekog zwqwKp|dtQ