Lawyers at Purity Attorneys & Associates possess in depth knowledge of corporate and commercial transactions. We are aware of the need for practical legal solutions that seamlessly interact with the way that business is transacted in modern Africa, and we aim to offer the highest level of expertise and knowledge.
We advise clients on all aspects of general corporate matters including incorporation of a company or a foreign branch, joint venture and shareholder arrangements, equity and debt issuance and restructuring, and winding up procedures.
Key legislation governing corporate law in Tanzania include the following:-
- Companies Act 2002, which came into force in 2006
- Law of Contract Act CAP 345
- Business Activities Registration Act 2007
- Income Tax Act CAP 332
- Fair Competition Act 2003
We provide advice on setting up companies and joint ventures. Furthermore we provide detailed advice for small as well as major projects. Once the business entity has been set up, we provide ongoing company secretarial services, which include but are not limited to maintaining the company’s statutory registers, updating the records held by the Business Registration and Licensing Authority (BRELA), filing the required statutory returns and organizing the company’s board meetings and annual general meetings.
Our team is also ready to advise on corporate governance issues regarding internal irregularities, financial reporting, executive succession and other areas of governance. We can analyse and advice client on policies that complies with government standards and regulations.
We offer, with absolute confidence, experience and insight into all corporate and commercial legal work. This includes initial negotiations, joint venture structuring, corporate restructuring and reorganizations, security enforcement and recovery, company secretarial issues, performance of due diligence work, incorporation and registration of companies, and all related contractual work.
