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Investment Certificate is issued to investor under Section 23 of Zanzibar Investment Promotion and Protection Act No. 14 of 2018. The minimum investment capital requirement for foreign investors are US $2.5 million for hotel and real-estate investments and US $300 thousand for other sectors, while for citizen is US $300 thousand and US $100 thousand respectively. The issuance of investment Certificates involves two stages as follows:
Investor shall submit a concept note for the proposed project to be implemented in Zanzibar through Investment Intention Form which is available free of charge at ZIPA offices or can be accessed here
Once the concept note is accepted, the investor shall be notified and provided with Application Form for a non-refundable fee of US $200 , to be paid at Peoples’ Bank of Zanzibar at Account number 0400424000 (US$) or its equivalent in Tanzanian Shillings at Account number 0404140000 (TZS); or advised otherwise. The processing time is 3 working days.
A dully filled application form should be submitted to ZIPA, accompanied with the following documents:
Once investment proposal is approved by ZIPA, investor is issued with Investment Certificate. The Certificate is renewed annually until all approved capital is invested. Thereafter Investment Service License shall apply. The fee structure for the Interim Certificate is provided below.
|Capital Investment||Investment Certificate Fees|
|500,000 and below||600|
|500,001 – 2,000,000||1,000|
|2,000,001 – 4,000,000||1,200|
|4,000,001 and above||1,500|
|Free Economic Zones Projects||1,000|
Please note: The Investment Certificate is issued within 7 working days or advise investor otherwise.