Zanzibar is politically, socially and economically stable. Private investments are protected under domestic law and 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.
The amazing island of Zanzibar has abundant resources such as agricultural and marine products, lovely sandy beaches and warm sunshine, historical and cultural sites in addition to the traditional life style of Zanzibari's. Zanzibar has recently discovered Oil and Gas which open its doors to more investment.
Zanzibar is unique with outstanding differences from other small island economies and the world. Being part of the United Republic of Tanzania, it has a huge market potential with a population over 50mil. The United Republic of Tanzania being a member of Africa Continental Free Trade Area (AFCFTA), Zanzibar has easy access to the whole African market with a flexibility of export quotas to European market and American market through AGOA. Besides Free Economic Zones provides Opportunities to investors who wish to conduct free export business by putting their processing industry and repack 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.
Lucrative Incentive Package
Zanzibar Investment Promotion and Protection Authority Act offers lucrative package of incentives. It also provide amazing benefits and opportunities to strategic investors. For details view Incentives
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.
Investment 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, 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.
Public Private Partnership
Opportunity to Partner with Government through Concession arrangements.
One Stop Centre
Zanzibar Investment Promotion Authority (ZIPA) provides one stop centre services to domestic and foreign investors.