TANZANIA Investment Centre (TIC) has launched a premium lounge dedicated to enable foreign investors register their companies seamlessly by addressing red tapes.

Speaking at the launch in Dar es Salaam at the weekend, Prof Kitila Mkumbo, Minister of State in the President’s Office (Planning and Investment), said the centre will be a one stop shop where investors can receive all the services they need upon entry into the country.

 “We have launched this centre to allow investors to undertake all the necessary procedures within a short time. Here they will find agents from Tanzania Revenue Authority, Business Registration and Licensing Agency and legal advisors to help them register their companies with full consideration of Tanzania’s laws. Investors will leave the centre with registration documents,” he said.

 Prof Mkumbo said the lounge will also serve as a centre of attraction for more investors to come to Tanzania, adding that registration services that take shorter time to complete are among the key traits that investors observe.

 “The centre is created to serve all investors equally. However, it is designed to meet the needs of strategic investors and special strategic investors who have come with big capital to inject in projects in the country. Investors will also have access to financial services here when they need to and can even open new bank accounts with Azania Bank,” he said.

 Prof Mkumbo said fast services for investors who have come to Tanzania to invest means they can quickly inject their money into projects and create employment opportunities for Tanzanians.

 “This initiative is part of the implementation of the government’s directive to ensure we attract more investors in the country through TIC. I am positive this will work out well,” he said.

 Halima Semhunge, Azania Bank corporate relations manager, said the launch was part of the bank’s implementation of its collaboration with TIC to bolster investments in the country.