Zanzibar offers tax benefits for residency, real estate investors

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.

The isles, through its Zanzibar Investment Promotion Authority (ZIPA) is in the process of reviewing the law to add real estate buyers, scientists and prominent retired personalities as new categories of foreign investors who can settle on the archipelago as soon as the end of this year.