Zanzibar is politically, socially and economically stable. Private investments are constitutionally protected as well as through international conventions.
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 is unique and differs from other small island economies in the world. Being part of United Republic of Tanzania, it has huge market potential with a population of 45mil. United Republic of Tanzania being a member of East African community (EAC) and Southern African Development Community (SADC), Zanzibar is assured of a market area with over 300 million inhabitants. In Zanzibar investors enjoy regional and international market concessions by:-
Utilizing the East African and SADC market using Zanzibar as a hub for regional trade
Enjoying Export Quotas to European Market
Utilizing American Market through AGOA
Having Proximity to land locked countries in Central and Eastern Africa
The amazing island of Zanzibar has abundant resources such as agricultural and marine products, lovely sandy beaches and sunshine, historical and cultural sites in addition to the traditional life styles of Zanzibar is. More opportunities may be realized in the very near future as Zanzibar has recently discovered oil and gas which open doors for a wide area of supporting services.
Zanzibar offers young and dynamic workforce; and gives investors an opportunity to employ expatriates in key positions. ZIPA is available to facilitate the engagement of local labour force as well as processing necessary permits for the expatriates.
Predictable fiscal regime
Zanzibar fosters a very stable and predictable fiscal regime that recognizes the importance of the companies to recover investment cost prior to the payment of corporate tax. Foreign investors are allowed to own hundred per cent of their businesses
Lucrative incentive package
Zanzibar Investment Promotion and Protection Act offers lucrative package of incentives. It also provides amazing opportunity to strategic investors. For details please click here.
Investments are well protected by law and international conventions. There will be no compulsory acquisition as stipulated in the Article 17 of Zanzibar Constitution. Zanzibar being a constituting part of the United Republic of Tanzania is a member of Multilateral Investment Guarantee Agency (MIGA) of the World Bank. Also, Tanzania is a signatory to the Convention of Recognition and Enforcement Arbitration Award, and a member of International Centre for Settlement of Investment Disputes (ICSID) and a member of African Trade Insurance Agency (ATIA).
Magnificent business and leisure destination
The people of Zanzibar are very friendly and hospitable; and investors will find the Island a lively place for both work and leisure