Non-Tanzanian Residents Can Invest In Luxury Island Property Of Tanzania

Zanzibar, a famous island off the coast of East Africa, is famous for its spectacular sunsets, magnificent white sand beaches, calm woodlands, and beautiful landscapes. There are numerous reasons for property investors to consider it their next investment destination. It has a stable social, political, and economic environment. Despite being a small island economy, it is part of Tanzania’s bigger Republic.

Blue Amber, a new resort on this famous island, is a Business strategy Project that offers massive tax advantages to property owners, including a 15 percent tax rate on local income, no capital gains, no tax on worldwide revenue, stamp duty, or inheritance tax on properties purchased.

Furthermore, property investors, their wives, and any children under the age of twenty are accountable for residence rights for the term of their possession of a property. You do not need to spend a particular time in the country to be eligible. At the time, it is the only strategic real estate investment development with an untouched natural beach.

This island recently opened its doors to non-resident investors when the government established a new tax and residency scheme. Foreign purchasers were formerly unable to purchase property on the island. For the first time in history, non-residents can now invest in real estate.

They can lease a home property on this beautiful island for 99 years with the opportunity to extend their ownership for another 49 years at this resort. This magnificent new resort development will make this island a premium lifestyle destination with excellent investment possibilities as a rental location or permanent residence.