Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
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Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- United Republic of Tanzania - Issues new regulations on foreign exchange offices
United Republic of Tanzania
Issues new regulations on foreign exchange offices
16 Oct 2023On 6 October 2023, the Bank of Tanzania (BoT) issued new Foreign Exchange (Bureau de Change) Regulations (Government Notice No. 730 of 2023), which revoke the Foreign Exchange (Bureau de Change) Regulations, 2019. The new Regulations introduced, among other things, three classes of licences: A, B, and C. A class A Bureau de Change is to be foreign or locally owned and allowed to open branches anywhere in the country. Foreign-owned class A Bureaux de Change are required to have a minimum capital of TZS1-billion (~$400 thousand), while locally owned class A Bureaux de Change are required to have a minimum capital of TZS500-million (~$200 thousand). A class B Bureau de Change are limited to local shareholding and shall not be allowed to open branches. It is required to maintain a minimum capital of TZS200-million (~$ 80 thousand). Finally, a class C Bureau de Change can be established in any hotel of a rank of three stars and shall be issued exclusively to a hotel or hotel owner. They are not required to maintain minimum capital.
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Type:
- Entry and establishment (Ownership and control)
- Entry and establishment (Ownership and control)
- Treatment and operation (Capital transfer and FOREX)
- Treatment and operation (Capital transfer and FOREX)
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Industry:
- Services (Financial and insurance activities)
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Sources:
- Government Portal, Public Notive - Bureau de Change Regulations Government Notice No. 730 of 2023, https://www.bot.go.tz/Adverts/PressRelease/en/2023101609475974.pdf, 16 Oct 2023
- ENSAfrica, Tanzania BoT issues new regulations for Bureau de Change , https://www.ensafrica.com/news/detail/7722/africa-business-in-brief, 23 Oct 2023
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
-
Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.