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Zanzibar copies Mauritius to lure expats with tax residency visa

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Zanzibar copies Mauritius to lure expats with tax residency visa

The island state of Zanzibar is “looking for a bite of the action” after Mauritius introduced a Premium Long-Stay Visa for prospective investors.

The International Investment reported that Zanzibar has recently launched a new tax and residency programme to encourage expats to invest in the island off Tanzania’s coast.

Real estate buyers are being offered a range of investor incentives and will be able to get residency without being a citizen.

Mauritius is offering a Premium Travel Visa for foreign nationals who intend to stay in Mauritius for a maximum period of one year as a tourist, retiree or a professional, and is willing to come with his/her family and carry out his/her business or work remotely from Mauritius.

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.