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- เผยแพร่เมื่อ 5 ก.ค. 2024
- Hello TH-cam family, in this video, I outlined how foreigners like myself can buy land in Africa.
Please do your homework and get proper legal advice on how to make those financial decisions. Feel free to email me for more details.
To buy land here, a foreign national must be the registered owner of a business in tanzania and is in possession of all documents associated with the company. Registered tax documents, a copy of a lease agreement from the landlord where the business is located. The memorandum of incorporation for said business could be a foreigner own land in tanzania.
Email: Theafricanjumbee@gmail.com
#grenada #tanzania #africandiaspora
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I am only a few minutes in but any government can seize any business whenever they change the rules.
Very good information to have. I really appreciate the information that you are putting out. Thanks. I hope to retire in Africa. Blessings. ❤
Do your research, choose the right country for you
Thanks for the information, it`s very appreciated.
Glad it was helpful!
Thanks Kerry. Good information, continue. God bless
Thank you! Will do!
Much appreciated. Our aim is to let those who might be thinking of coming to see it is possible. What can be achieved here and how to do it.
Zanzibar is no longer different. Must be under the business name. Also don't forget that depending the business has to be owned 70% by a local!
The law changed in 2023 Mid year!
For how long can you own the land? Also, if you stop the business, will they take back the land?
Do you remember I talked about the memorandum of incorporation? When registering a business, make sure the memorandum of incorporation is wide. It should cover a wide range of businesses. A good legal counsel would advise you on that. Land ownership could be a business.
Its all doable if you partner with a reputable law firm. They handle it all for a yearly fee and accountants.
Congrats 👏
When you understand the regulations in place and why, it is not necessarily a bad thing.
Such restrictions keep land and property price lower. It protects the local Tanzanian from being priced out of the market by foreigners.
Rwanda didn't have such restrictions in place until about two years ago. The influx of foreigners who bought land caused the rwandese government to implement a one piece of land ownership under your name. I also believe there is a size limit in Rwanda also.
Remember guys, when you are registering your business in tanzania, make sure your memorandum of incorporation is broad. It should covers a wide range of businesses, including land ownership. A good lawyer will advise you 😉
Is the measurement in square feet or meter square? If 469 is in sqft, it’s almost 45m.square & that’s very small area to build a house
Square meter. I paid 10k tsh per square meter in the area I bought.
Prices vary from one area to another
Those prices are great. ❤❤❤
Outside of the city, yes. The restrictions in place have kept prices low
Yes they are!
Hello My Brother, So Is Tanzania similar to ghana where a local also has to sign with you in order for you to register/run a business?
Did you buy land from government or private owner ?
After you purchase land, is there a time limit as to when you must build?
No
I don't think I like that. Good to know. Thanks Kerry. I will visit Tanzania. Second thoughts about getting land.
Zanzibar might be a good option. You could own land in Zanzibar under your name
Even main land Tanzania you can have land for agriculture purpose
The measurement of the land is it ft2 or Meter square
Square metres, go to Google and convert it into square feet
What is the minimum capital requirement to show to register for a business?
Tanzania does not have a minimum capital investment requirement.
@@theafricanjumbee1197
Thanks 🙏
I hear and read so many different things. I thought if the company is 100% foreign, you have to invest at least 500,000 dollars before you can buy land (via TIC). Only if the company shares are for 51% owned by a local, there is no minimum investment. Can you explain why this is not the case how you bought it??
This is the information I gathered from my experience with TIC. If you send them an email, they'll property respond with the same information.
If one is investing heavily in the Tanzanian economy, they recommend that you partner with them. Reasons being, according to them. They are able to protect your investment. They will be able to guide an investor in the best possible sector of the economy to invest. They have access to a large database of buyers, domestic and foreign, and are able to find you markets for your goods.
One must have a minimum of $500,000 to invest in tanzania to be able to work with them.
If you don't have $500k to invest or you don't want to work with TIC, one can go the other route of partnering with a local Tanzanian. If you choose to partner with a local Tanzanian, there is no legal breakdown on the percentage of shares. If the foreigner is the biggest investor, they'll have the largest percentage of shares. If the Tanzanian is the largest investor, they'll own the largest percentage of shares. Personally, I am partnered with a local Tanzanian. I own 70% of my company.
Once you've successfully registered a company in tanzania and have all the necessary documents associated with the registration of said company. You can purchase land under the registration of the company.
For more information on this matter, I would suggest you seek advice from a lawyer.
So is your business for 100% in your hands? Or do you have a local that owns 51% of the shares? I'm very curious...
@gerarddaniels3590 I have a Tanzanian business partner. I can assure you that he doesn't own 51% of the business.
The law requires you to partner with a local Tanzanian for small scale investing. The law does not specify the percentage of shares each party should own
@@theafricanjumbee4057 That's new for me. This is what I read often: Foreign investors may be issued with the Granted Right of Occupancy provided that they are a company with local shareholders retaining 51% of the shares. A body corporate registered in Tanzania whose majority shareholder or owners are non-citizens is considered to be a foreign company (Sect.20(4) of the Land Act). Only a local company can obtain/buy land. Or are for small scale investing the rules different?
Where is Bagamo? Is that in Dar?
One hour drive from Dar es Salaam
@@hassshoban8206yes
It’s a coastal city, that’s an area I was thinking about transitioning to
@@dean314videos9 from bagamoyo, you still have access to dar es and the airport in a reasonable amount of time if there's an emergency and you need to fly out
You are wrong about Zanzibar being forced to join Tanganyika please read the history .it was a mutual agreement proposed by Karume and Nyerere back then
I did not say they were forced. I said they believed they were forced into a union they don't fully want. I also said I am not going to have a discussion on the topic because I am a guest here. Though I have read how the union came about. My comment is based on conversations I have had with zanziborian friends here on the mainland. Their culture is more aligned with that of the Arab world.
@@theafricanjumbee1197 There two groups in zanzibar politics. There are people from pemba and most of them are believed to be descendants of shiraz from arab countries. This group is the one that dont like the union. The other group unguja people. This group feel more affiliated to peolpe from mainland and offcourse their ancesctors are of mainland origin and they are the one who prefer union. So the zanzbaris are in battle themselves between those two groups. The unguja peolpe overthrown government that were mostly under shiraz control in 1964 and immediately formed union with Tanganyika.
From my understanding, the majority of Zanzibarians are descendants of Tanzanians that were enslaved in Zanzibar by the Arabs , so that makes Zanzibarians also Tanzanians
They are now, but it wasn't always so. The Union Act of 1964 brought them together. Zanzibar believes they were forced to join the union. Because of that, there's a little tension there.
@@theafricanjumbee1197 I hope the reason they resist Is Not that they identify themselves as Muslims over being African/Black . Arabs (and of the Europeans) are knowns to religions against Africans
They were people from the mainland from the beginning and has always be seen as Tanzanians
@@theafricanjumbee1197
Hello all , i want land from government, is it avilable for investore?
Email Kerry at Theafricanjumbee@gmail.com
Do you have contact for a lawyer, I can use?
Email me at Theafricanjumbee@gmail.com
Easter Africa is a waste of time and resources
Why can u pls explain?
I’m coming to Dar in a few weeks, what’s your contact?
Email