Local incorporation is required for undertaking financial leasing, microfinance, mortgage financing activities.
"3. In these Regulations, unless the context otherwise requires-[...]
“foreign owned microfinance service provider” means a microfinance service provider incorporated in Tanzania and whose majority owners or shareholders are foreigners; 
[...]
PART II - LICENSING
Establishment
4. A person who intends to undertake microfinance business under Tier 2, shall -
(a) formally be established under the Companies Act or any other relevant laws; or 
(b) in case of individual money lender, register a business name as a sole proprietor under the Business Licensing Act.
(4) An application made by a foreign owned microfinance service provider shall, in addition to the requirements stipulated under subregulation (3), be accompanied with- (a) a training plan indicating specific time frames for imparting microfinance skills and expertise to Tanzanian staff; and (b) a succession plan and strategies on mode, time and contents of the extent to which Tanzanian staff shall occupy senior management positions in the microfinance service provider.[...]" (THE MICROFINANCE (NON-DEPOSIT TAKING MICROFINANCE SERVICE PROVIDERS) REGULATIONS, 2019)
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"PART II - LICENSING REQUIREMENTS [...]
6. A housing finance company shall be incorporated as a company limited by shares under the laws of Tanzania.[...]" (THE BANKING AND FINANCIAL INSTITUTIONS (MORTGAGE FINANCE) REGULATIONS, 2015)
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"PART III - APPLICATION FOR A LICENCE
Status of an Applicant
 6. Any financial leasing company shall be incorporated as a limited liability company under the laws of Tanzania.[…]" (THE BANKING AND FINANCIAL INSTITUTIONS (FINANCIAL LEASING) REGULATIONS, 2011)
THE MICROFINANCE (NON-DEPOSIT TAKING MICROFINANCE SERVICE PROVIDERS) REGULATIONS, 2019
THE BANKING AND FINANCIAL INSTITUTIONS (MORTGAGE FINANCE) REGULATIONS, 2015
THE BANKING AND FINANCIAL INSTITUTIONS (FINANCIAL LEASING) REGULATIONS, 2011
[<a href="https://www.bot.go.tz/Publications/Acts,%20Regulations,%20Circulars,%20Guidelines/Regulations/en/2020031803224012.pdf">Reg</a>],[<a href="https://www.bot.go.tz/Publications/Acts,%20Regulations,%20Circulars,%20Guidelines/Regulations/en/2020021122490967551.pdf">Reg</a>],[<a href="https://www.bot.go.tz/Publications/Acts,%20Regulations,%20Circulars,%20Guidelines/Regulations/en/2020021122490980555.pdf">Reg</a>]