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VELMA Law
VELMA Law is based in Dar es Salaam, Tanzania. We provide Tanzanian law advice on commercial matters in a wide range of areas.
VELMA Law, Dar es Salaam Tanzanian Law Firm
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New Mining (Local Content) (Amendments) Regulations 2019 have made some changes to the Mining (Local Content) Regulations 2018, which include:
- Local shareholding requirement for indigenous Tanzanian companies reduced from 51% to 20%.
- Timeline extensions for review of local content plans by Mining Commission and Local Content Committee, starting at 60 days.
- Local shareholding requirement for a Tanzanian bank reduced from 51% to 20%.
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NOTE: This has been prepared for general information purposes for any interested persons, it is not comprehensive information on the subject matter and it should not be regarded as legal advice.
If you want detailed advice on this, or any other matter, please contact us.