Put on your investment glasses
Zanzibar is well positioned to become an African business hub. It has opened its doors for investment in a wide range of sectors.
Reasons to Invest in Zanzibar
Stability and Investment Guarantees
Zanzibar is politically, socially and economically stable. Private investments are protected under domestic laws and through international conventions. The legal and regulatory framework is conducive to investment.
Strategic Location
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.
Abundant Resources
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.
Workforce
Zanzibar offers a young and dynamic workforce. It also gives investors an opportunity to employ expatriates in key positions.
Market Potential
Zanzibar is unique with outstanding differences from other small island economies in the world. Being part of the United Republic of Tanzania, it has huge market potential with a population of over 50 million. 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 putting 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 investors. Foreign investors are allowed to own 100 percent of their businesses.
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.
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