Zanzibar is one of the best places to visit and stay in Tanzania. The islands have abundant resources such as agricultural and marine products, beautiful beaches and warm sunshine, historical and cultural sites.
The Available investment opportunities in Zanzibar.
There is a wide range of investment opportunities from different sectors available in Zanzibar. These opportunities are available in Tourism, Manufacturing, Blue Economy, Energy, Agricultural, Real-estate development, and others.
In Tourism; Available ✓ Hotels, ✓ Beach plots, ✓ Lands, ✓ Bungalows, and Villas For sale and rent or Lease in different areas.
The initial investment capital for investing in Zanzibar.
The minimum initial investment capital varies from one sector to another and from foreigners to citizens. For the hotel and real estate sectors, the minimum investment capital is USD 2,500,000 and USD 300,000 while other sectors are USD 300,000 and USD 100,000 for foreigners and citizens respectively.
About investment incentives in Zanzibar.
ZIPA offers lucrative packages of incentives. These include fiscal and nonfiscal incentives for investments under Free Economic Zones, strategic investments and investments outside the Free Economic Zones.
Ownership of land for investment in Zanzibar.
Foreigners can not own the land according to The Land Tenure Act 1992. However, the Act further provides the opportunity for the land to be leased to any person, Zanzibari or non-Zanzibari, intending to use that land for investment purposes subject to the approval of an investment project by ZIPA or other relevant authorities. The lease period goes up to 99 years.
There are two stages to follow for applying investment certificate according by ZIPA- (Zanzibar Investment Promotion Authority).
A filled application form should be submitted to ZIPA, accompanied with the copies of the following documents: