THE government has called on entrepreneurs to be vigilant by registering their businesses for formalisation with the Business Registration and Licensing Agency (BRELA) if they need their businesses to be recognised and contribute to the country’s development. The minister of Industry and Trade Prof Kitila Mkumbo made the call during his official tour at BRELA recently. He said that formalising business begins with registration, so Tanzanians should use BRELA for such matter.
“Traders must have plans of registering and formalizing their businesses so that they could be recognized and be able to access various services. The good thing is that the procedures are very clear and simple,” he noted.
Prof Mkumbo assured traders of supportive business registration and formalisation, as BRELA has been given the responsibility to facilitate trade in the country and not to impede trade. However, the Minister challenged BRELA, saying they should do everything in their capacity to ensure traders do not close down businesses.
“You should feel bad when someone comes to your office to close down his/her business due to minor issues, you must play your role by encouraging them to continue with businesses no matter the challenges they face,” he noted.
Earlier, BRELA Chief Executive Officer Mr Godfrey Nyaisa explained to the minister that the application of online registration system had improved the business registration process and one day was enough for starting a company.
BRELA has already registered 7,148 new companies out of 9,528 companies as per agency’s goals