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United Republic of Tanzania  
 
  • Mwl. Julius K. Nyerere
  • Mh. Amani Abeid Karume
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Home HOW DO I Apply
GOVERNMENT OFFICE RESPONSIBLE
Ministry of Industry and Trade

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A Broker is an individual or firm which acts as an intermediary between a buyer and seller, usually charging a commission. For this reason, Brokerage account is an arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf.

 Requirement:

  • Copy of your passport/Identity Card or Driving License.
  • Pay the prescribed fee.

 Procedure:

  • Complete the CDS Account Opening Form.
  •  Return it to your broker to be assigned a CDS account number.
  • Complete the Broker’s Account Opening Form.
  • Attach your copy of passport/ID/ Driving License.
  • Mail the original CDS form to your broker.
  • Wire Funds to Your Brokerage Account.
  • Submit a Trade Order.

Note

  • It is not possible to have stock dividends deposited directly into a Tanzanian  brokerage account. You must instead opt to receive a Tanzanian Shilling denominated dividend.
                 
Source: Government Portal Content Team, Last Reviewed on: 29-10-2018
 
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