Starting an Import Business

Last activity 15 February 2015 by vin1982

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FilmonMember10 August 2011 14:19:02

Hi Everyone,
I am planning to start a business importing construction equipment, dump trucks, excavators etc... in East Africa, seriously considering Tanzania. I am having a problem opening the website for Tanzania Investment Authority, I am sure there is a wealth of information there. Do you know if there is a minimum capital requirement? does the money have to be deposited in a Tanzanian bank or a statement from a US bank will suffice? How easy is it to open a foreign currency account?

in the meantime, is it difficult to find a job in Construction / Civil Engineering while I set up a business?

Thank You very much

Filmon

ArmandViP11 August 2011 05:20:31

24785

Hi and welcome on board Filmon!

I hope other members will be able to tell you more about it soon

Regards
Armand

vin1982New member07 January 2014 02:52:09

hi
I m doing export business,maybe I could help you!
You could add me skype vin19821223,talk online!
Thanks
Amy

Jeremiah MugujuNew member07 January 2014 09:34:52

Hi Filmon,
That's a good bet as construction industry is a booming sector across E.A, notably in Tanzania.You be importing and also do equipment hire business, You can open these websites to get a treasure trove of information - tic.co.tz (for Tanzania investment center-very helpful regarding capital ).Well, it relatively easy to open currency account with Citi bank, Expor import bank(Exim bank),Stanbic bank etc.You also need some patience when it comes to dealing with government entities.

(Moderated: Register in the Tanzania business directory)

vin1982New member15 February 2015 08:04:18

hi
how are you?
I m amy,from china,is it any possible to cooperate?
I m waiting for your early reply!
Thanks
Amy
skype:vin19821223

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