Stability and Investment Guarantees
Zanzibar is politically, socially and economically stable. Private investments are protected under domestic law and through international conventions. The legal and regulatory framework is conducive to investment.
Zanzibar has been a trading hub for millennia. Due to her geographical location, it has become an ideal place for companies that need to do business with mainland Africa and beyond.
Zanzibar has abundant resources in the areas of agriculture and marine industry. Its lovely sandy beaches and warm sunshine make it conducive for tourist investment. Zanzibar has recently discovered oil and gas which opens its doors to more investment.
Zanzibar is unique with outstanding differences from other small island economies in the world. Being part of the United Republic of Tanzania, it has a huge 2.0 Zanzibar Investment Guide 2018-2019 6 market potential with a population of 45 milion. Since the United Republic of Tanzania is a member of East African Community (EAC) and Southern African Development Community (SADC), Zanzibar has easy access to a market area with over 300 million people. Besides, Free Economic Zones provide opportunities to investors who wish to conduct re-export business by positioning their processing industries and repacks for the foreign market.
Predictable Fiscal Regime
Zanzibar has a stable and predictable fiscal regime that, among other things, recognizes the importance of the companies to recover investment costs prior to the payment of corporate tax. It also offers lucrative incentive packages to strategic investors. Foreign investors are allowed to own 100% of their businesses
Zanzibar offers a young and dynamic workforce. It also gives investors an opportunity to employ expatriates in key positions. The Zanzibar Investment Promotion Authority (ZIPA) is available to facilitate the engagement of local labour force as well as processing necessary documents for expatriate personnel.