A government-owned corporation, state-owned company or parastatal is a legal entity created by a government to undertake commercial activities on behalf of the government. Government-owned corporations are common with natural monopolies and infrastructure such as railways and telecommunications, strategic goods and services (mail, weapons), natural resources and energy, politically sensitive business, broadcasting, demerit goods (alcohol) and merit goods (healthcare).
Requirements:
Memorandum and Articles of Association
Procedures:
Application fee is TShs. 45,000 for the whole application process.
Pay Tshs. 6,000 as stamp duty for each copy of Memorandum and Articles of Association.
Fill in properly all the provided forms.
Attach the documents prescribed.
Submit all the forms with payment receipts.
Note:
All payments are payable to the Registrar of Companies.
Source: Government Portal Content Team, Last Reviewed on: 24-11-2015