BRELA HAS CREATED GOOD BUSINES S ENVIRONMENT IN TANZANIA !!!

http://www.dailynews.co.tz/index.php/features/45411-brela-has-created-good-business-environment

 

Published on Saturday, 30 May 2015 00:04

Written by Correspondent Aziza Charles 

CREATING conducive business environment is what all nations strive for, this attracts businesses and investments for a country to grow and forge forward.

Businesses and investments grow where capital flows and for this to happen there must be favourable atmosphere in terms of easiness to start and run a business at a particular country.

Those who manage to keep their houses in order are the ones who reap benefits. Business and Registration licensing Agency (BRELA) is making sure that Tanzania’s business environment is improving and it does that not by mere words. Correspondent Aziza Charles explains some recent measures taken by the Agency in that line...

THE Business Registration and Licensing Agency (BRELA) has for the past one year taken measures that significantly contributes to Tanzania’s endeavours to become a preferred destination for both domestic and foreign investors.

The agency started by promoting corporate governance by announcing a 90-day ultimatum for companies registered in Tanzania to file their Annual Returns, with the Registrar of Companies, accompanied with their Audited Accounts and threatened to strike off the Registers companies failing to do so and take to court owners and officers should they fail to do so.

The grace period commenced on October 6, 2014 up to January 5, 2015. Another good, visible step taken by BRELA was some several educational campaigns to educate Tanzanians on services they offer and how people can benefit from the agency. The Agency visited several regions sensitising Tanzanians to make use of Brela for their benefit and the nation’s development as well.

During the tour, people registered their business names electronically and therefore got a chance to formalise them and stand a chance to gain more on whatever they are doing.

Last week, Brela management again promised continued best services to Tanzanians with the aim of supporting business growth in the country.

The agency’s Chief Executive Officer, Mr Frank Kanyusi, said they are continuing to take various measures to improve business environment and make Tanzania a preferred destination for both domestic and foreign investors.

“We are implementing various projects to make it easy for people to register business names and companies with efficiency,” he said in Dar es Salaam.

Giving an example of some of the measures taken, Mr Kanyusi said the agency’s clients will now get their Tax Identification Number (TIN) at Brela premises after the opening of Tanzania Revenue Office (TRA).

The improvement goes hand in hand with the agency’s relocation to a new modern Ushirika Tower along Lumumba Street where the offices will be at Sixth, Seventh and Eighth floors.

“The new office will help us discharge our services with efficiency and therefore positively contribute to national economy,’ he noted. He explained that the new building has provided the agency with a much bigger space that will enable them serve many people, at the shortest time with efficiency. Services will be offered at the reception where all concerned officials will be stationed.

Acting Business Support Manager, Brela, Mr Bosco Gadi said the arrangement for all officers to offer services together at an open space is meant to bring transparency. “We want to be exemplary in service delivery,” he said.

On her part, a TRA official stationed at Brela to offer TIN number services, Irene Cidosa said the authority want to simplify issuance of TIN services to as many Tanzanians as possible.

“It will now be simple for people with their business name licences to get their TIN number... this is instant and free of charge service,” Ms Cidosa who is also TRA’s Information Officer explained. Brela is about to introduce an online business name registration system where it will take just few hours for someone to get a certified business name from the Agency.

The system, according to experts, will help formalize many businesses. It is important to note here that business name registration is a key component that reflects a level of easiness to start a business in a country.

As Tanzania works hard to make sure that she improves business environment to attract investors from within and outside the country, the measures run by BRELA should be taken seriously and supported.

Various research findings point poor business environment in third world countries, Tanzania included, as some factors that hinder development.

Brela is striving to make that happen and relevant authorities should do whatever in their capacity to encourage and support the agency. As a country, we need conducive business environment to grow, for, this is what will attract more businesses and investments for our growth and prosperity.

But we should bear in mind that businesses and investments grow where capital flows and for this to happen there must be favourable atmosphere in terms of easiness to start and run a business at a particular country.

Those who have prospered today have managed to keep their houses in order and we have no option on that. Brela is showing the way, other agencies and institutions, both public and private should emulate.