Zanzibar lures the world with new tax and residency scheme

clock • 3 min read
Zanzibar lures the world with new tax and residency scheme

The government of Zanzibar has launched a new tax and residency programme for expats to live and invest in the Tanzanian island. The measure comes on the back of significant infrastructural and tourism-friendly initiatives that allowed the Tanzanian region to weather much of the storm brought on by the Covid-19 pandemic in 2020. Until now, the Investments Act of 2018 provided procedures and criteria for Strategic Investment Status (SIS) projects with incentives and allowances to real es...

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