Since 2018, troth the Condominium act, Zanzibar open its gates for foreign investors to own property and take advantage of the booming real estate environment.
Today foreign investors are allowed to own property and can also benefit from advantages by purchasing property: residential permit for the first two years for free for the owner and his imediate family, tax deductions for rent income and many other.
After the property is handed over the owner of the property can apply for a 35 years land lease that can be extended to 99 years. He/she has the right to sell, rent, use the property as he/she wishes.