Financial services sector, specifically the banking, insurance and private equity sectors have recorded high rate of growth in Tanzania. The banking sector in Tanzania, in particular, has seen a colossal increase of banking institutions over the past decade. This is equally the case in respect of the insurance industry, with private equities recently receiving a close attention. At FK Law Chambers, we help clients across the financial services sector achieve their strategic and commercial goals while managing legal and regulatory risks. We actively advise our clients in the finance sector on their tax affairs and are handling a number of complex tax disputes peculiar to the banking sector.
With partners in our corporate & commercial department as well as our tax department specializing and focusing mainly on financial institutions transactions, we are well placed to advise on complex deals that often involve more than one jurisdiction. Our team provides advice on a range of areas including: taxation on financial services sector, recovery and resolution planning, remuneration rules, mortgages, secretarial services and corporate governance and compliance. FK Law Chambers has acted and acts for a number of financial institutions in Tanzania, and our lawyers are applying their full intellectual nous and well-known skills to developing practical solutions for our clients.