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Open a Bank Account in Tanzania
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Tanzania is one of few democratic African countries known for its stability. Its banking services offer the utmost in privacy as well as high-security transactions. Founded and managed by a world-renowned banking group, it aims to keep your assets safe.
Personal and corporate bank accounts are available for both onshore and offshore companies. Online banking, credit cards, and IBAN services are also offered.
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Outline of Tanzania
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The United Republic of Tanzania is located in Central East Africa, with the Indian Ocean on its Eastern borders. Its official capital is Dodoma.
Its size is comparable to Nigeria, the 31st largest country in the world. On the Northeast of Tanzania is Mount Kilimanjaro, the highest peak in Africa. Lake Victoria is located to the North where the world-famous Serengeti National Park is found.
The country resources include gold and natural gas, as well as Tanzanite gemstones.
After years of unrest and until socialism was wiped out, the country was one of the poorest, underdeveloped, and most aid-dependent in the world. Since the 1980´s however, Tanzania´s GDP has continued to grow and develop into its stable state today.
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Merits of a Tanzania Bank Account
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Because of relatively low business competition from its neighboring countries (unlike in Europe or Asia), Tanzania has the advantage of being the prime financial center of its region, boasting better conditions and security for companies in Africa.
Moreover, it is owned and managed by an international banking group to maintain its security and does not depend on local capital to operate.
A wide range of banking services are offered including online banking, issuance of various types of cards, multi-currency services, and exceptional customer care.
Personal and corporate accounts are available to both residents and non-residents (except citizens of blacklisted countries). Application procedures are painless and fast.
Payment services such as electronic funds transfer payments (SWIF and IBAN), cheque clearances, and banker´s drafts are also available.
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Personal / Corporate Account
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Both personal and corporate accounts may be opened, onshore or offshore (with the exception of those based in blacklisted countries). International customers are offered many opportunities and services as well, with a quick and easy application procedure.
Note that we may only open corporate accounts for companies who have incorporated using our services.
All of our recommended banks have been hand-picked for their clean history, trusted activities, and high reliability.
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Fixed Deposit Account
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Fixed Term Deposit Accounts feature some very appealing rates, subjective to the amount and terms chosen.
Kindly contact the bank for further details after you´ve opened your account.
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No Personal Appearances
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Our relationship with the bank allows you to open a bank account offshore, without the need for any personal appearances. The bank only calls for the proper and complete documentation -- Oobac will handle the rest of the process.
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Multi-Currency Accounts
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he bank offers accounts catering to multiple currencies, giving you the freedom to trade in any market you wish.
We advise you to consider the best currency for your account given the world´s economic situation.
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Internet Banking
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An Internet banking facility is available for customers to transact online. This gives you the ability to manage your finances from anywhere in the world at any time.
Your ID and password shall be sent to you as soon as you´ve opened your account.
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Cards
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The bank supports many kinds of cards and has partnered with the biggest names in the banking industry such as VISA and MasterCard to give you world-class convenience.
These cards will be made available to you once your account has been opened.
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Initial Deposit
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Normally, an initial deposit of 1,000 EUR is required when opening a new bank account. Oobac offers to set up your account in Seychelles for an initial deposit of just 100 EUR which may sent by wire of included in the banking fees.
To make an initial deposit, click on the "Add deposit to the fee + EUR 100.00" link in the "Choose how to send initial deposit" menu.
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Time for Opening an Account
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By using our EasyBankApp System, submitting your application takes a single step.
It takes two weeks to open a personal account. All information will be delivered within one week through courier. You can track the status of your application by clicking on the "User Corner" link on the banking website.
To ensure the quickest possible process, kindly prepare all your documents and ensure that they are complete with the needed information.
Corporate accounts may take slightly longer to open than personal accounts. To ensure the quickest possible process, kindly prepare all your documents and ensure that they are complete with the needed information.
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Bank Name
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Bank names are never revealed on this site for security and technical reasons. Oobac offers its services in confidentiality to our clients as well as our partners. As such, our unique offers cannot be availed of on your own.
For more details, click on the following link:
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Required Documents
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For Personal Accounts:
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Copy of your passportt
Proof of Address (within 3 months)
Recommendation letter from a lawyer, accountant, or another bank (Oobac may also issue one for you)
All these documents must be new ones, issued within 3 months.
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For Corporate Account:
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Notarized copies of all your company documents include Certificate of formation/incorporation, Statement of shareholders/organizers.
Status of Company
Board Resolution for opening bank account
Copy of your passport
Proof of address (within 3 months)
Recommendation letter from a lawyer, accountant, or another bank (Oobac may also issue one for you)
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