Tanzania - Obtain Authorized Depository License

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Procedure

Apply In-Person:

1. For Obtaining Authorized Depository License, the applicant has to visit the Bank of Tanzania contact link
2. Applicant must obtain the application form from the office and fill it up with all the necessary information in it.
3. Applicant should make sure to carry all documents (both photocopies and originals) of all documents that are needed for completing this procedure.
4. Documents that are needed for completing this procedure are mentioned under “Required Documents” section of this page.
5. Applicant should attach both photocopies and originals of all documents (whichever is necessary) along with the application form before submitting it at the office.
6. Fee for this procedure has to be paid as per the authority’s request.
7. If all these procedures were followed properly by the applicant, the license will be provided within stipulated period of time.
8. If there is no information regarding this license is available, the applicant can visit the office to know status of their application.

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Required Documents

• Completed Application Form
• ID Proof – National ID/Passport/Driving License
• Certificate of Incorporation
• Memorandum and Articles of Association
• Business Plan with the required regulation
• Audited Bank Statements of the past financial year
• Declaration by persons authorized as prescribed to accompany the application form

Office Locations & Contacts

Bank of Tanzania,
Head Office Address,
16 Jakaya Kikiwete Road 40184,
Dodoma, Tanzania.
P.O. Box 2303
Phone No: +255 262 963 183/7 or +255 222 232 506
Fax No: +255 262 963 189
Email Address: [email protected] / [email protected]
Regional offices address is available in the following contact link

Eligibility

• Any individuals in Tanzania who own a business are eligible to get authorized depository license.

Fees

• Fee for this procedure has to be paid as per authority’s request

Validity

• The Authorized Depository License remains valid for the period mentioned in it.

Documents to Use

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Sample Documents

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Processing Time

• Processing time for this procedure will be mentioned by concerned authorities.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicant should make sure to follow all instructions mentioned by concerned authorities properly.

Required Information

• Name of the Applicant
• Name of the organization
• Date of Incorporation
• Registration Number
• Postal/Physical Address
• Email Address
• Business reference
• List of the office facility of the applicant

Need for the Document

• Any agent financial business or commercial banks which have foreign stocks and shares on behalf of its owners must get this license for operating such business.

Information which might help

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Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

• Bank of Tanzania link

Others

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