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 estate developers, but did not offer the same to those wanting to buy property in the country. The ...
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