Zanzibar offers tax benefits for residency, real estate investors
Friday July 30 2021
Zanzibar is seeking to attract real estate investors by offering tax incentives and non-citizen residence permits to three special categories of investors. PHOTO | FILE
Summary
ZIPA executive director Shariff A. Shariff said the current ZIPA law will be changed to legalise the stay of the new categories of investors and their families.
Mr Sharrif said the recently introduced “strategic investor” category has yielded the intended results.
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Zanzibar is seeking to join countries such as Mauritius, Dubai, Oman, Singapore which have attracted real estate investors by offering tax incentives and non-citizen residence permits to three special categories of investors.