Nominee Director and Shareholder Services in Tanzania

 

Zatra Consultants provides professional Nominee Director and Nominee Shareholder services to both local and foreign investors in Tanzania. Whether your goal is to meet statutory local-director requirements, protect ownership privacy, or structure your company with greater flexibility, Zatra offers fully compliant and secure nominee arrangements under the Companies Act, 2002.

 

What is a Nominee Director?

 

A Nominee Director is an appointed third party who appears as the official director of a company in the BRELA (Business Registrations and Licensing Agency) records but acts strictly under a Nominee Director Agreement.

In Tanzania, a nominee director:

• Does not participate in the company’s daily operations or management decisions.

• Acts only according to the written instructions or Power of Attorney (POA) granted by the Ultimate Beneficial Owner (UBO).

• Ensures compliance with the Companies Act, 2002 by serving as the local point of contact for statutory obligations such as annual returns, tax filings, and regulatory communications.

 

This arrangement is common for international investors who wish to maintain confidentiality or meet the requirement of having a resident director while retaining full control of the company’s affairs.

 

What is a Nominee Shareholder?

 

A Nominee Shareholder is a trusted third party who holds shares on behalf of the Ultimate Beneficial Owner (UBO)through a Trust Agreement.

Under this structure:

• The nominee’s name appears on the Register of Members at BRELA, while the UBO remains the true beneficial owner.

• The nominee has no voting rights and cannot make decisions related to the company’s management or profit distribution.

• The trust deed ensures that all dividends, proceeds, and rights belong exclusively to the UBO.

 

This service is especially beneficial for investors who want confidentiality in shareholding or to meet the minimum local shareholding ratio required under Tanzanian laws for certain sectors.

 

Legality of Nominee Services in Tanzania

 

Nominee directorship and shareholding are legal in Tanzania as long as they are established for legitimate purposes and accompanied by transparent documentation, including:

• Nominee Director Agreement

• Trust Agreement (for shares)

• Power of Attorney (where applicable)

 

All agreements prepared by Zatra Consultants strictly comply with the Companies Act, 2002, Anti–Money Laundering Act, 2006, and Financial Intelligence Regulations to ensure both the company and the nominee are protected from liability and misuse.

 

Benefits of Using Nominee Services

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1. Privacy & Confidentiality
   Your personal or corporate identity remains undisclosed in public records while still fulfilling all legal and compliance obligations.

2. Compliance with Local Laws
   Tanzanian company law requires at least one local director for certain business sectors. A nominee director helps foreign investors meet this requirement.

3. Ease of Banking & Operations
   A local nominee director enhances your ability to open a corporate bank account and handle official correspondence with Tanzanian authorities and institutions.

4. Professional Representation
   Zatra Consultants’ nominees are experienced professionals — accountants, lawyers, or company secretaries — who act ethically and transparently.

 

Risks and Safeguards

 

While nominee structures can provide confidentiality, risks include:

• Disclosure of financial information if not properly restricted by legal agreements.

• Misuse of authority if trust agreements are incomplete.

 

To mitigate these risks, Zatra Consultants ensures:

• All arrangements are supported by legally binding trust and nominee agreements.

• Each nominee is subject to due diligence, KYC, and professional background verification.

• All instructions and actions of the nominee are pre-approved in writing by the beneficial owner.

 

Who Can Serve as a Nominee in Tanzania

 

A nominee director or shareholder must:

• Be at least 18 years old and of sound mind.

• Be a Tanzanian resident for directorship roles requiring local representation.

• Have a clean legal and financial record (“fit and proper” status).

 

Zatra Consultants assigns only qualified individuals with professional backgrounds in law, accounting, or corporate administration.

 

Process of Appointment

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1. Consultation & Due Diligence
   Zatra Consultants conducts a preliminary review of your business structure, objectives, and compliance needs.

2. Preparation of Legal Documents
   We draft the Nominee Agreement, Trust Deed, and (if needed) Power of Attorney in accordance with Tanzanian law.

3. KYC Verification
   Both parties (the UBO and nominee) exchange certified identification, proof of address, and professional credentials for transparency.

4. Appointment & Registration
   Once signed, Zatra Consultants files the appointment with BRELA. You receive the updated Register of Directorsor Register of Members as proof of registration.

5. Ongoing Support
   Our nominees can assist with signing statutory documents, attending bank meetings, or representing the company before government agencies strictly within agreed terms.

 

Why Choose Zatra Consultants

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• Fully compliant with Tanzanian corporate and anti-money laundering laws

• Secure and transparent documentation (Trust Deeds, NDAs, POAs)

• Qualified local nominees with proven professional experience

• Fast turnaround: appointment and filing completed within 1–3 business days

 

📞 Contact Zatra Consultants

 

For nominee director or shareholder services in Tanzania, contact our team for a confidential consultation:

 

Email: sales@zatra.co
Phone/WhatsApp: +255 747 912 965
Address: Sinza A, Sam Nujoma Road, First Floor, Mwenge Tower, Opposite Mlimani City Mall, Dar es Salaam, Tanzania
Website: www.zatra.co