Investment Act, 2023 (Act No.10 od f 2023). País/Territorio Zanzibar (República Unida de Tanzanía) Tipo de documento Legislación Fecha 2023 Fuente FAO, FAOLEX Materia General Palabra clave Ley marco Negocios/industria/corporaciones Comercio interior Comercio internacional Institución Medidas fiscales y de mercado Subvención/incentivo Entry into force notes This Act enters into force upon being assented to by the President Resumen This Act consisting of 62 articles and five Schedules aims to promote and regulate investments in Zanzibar. Article 4 establishes the Zanzibar Investment Promotion Authority (ZIPA), a corporate entity having the capacity for legal actions, property transactions, and financial dealings. The functions of the Authority encompass establishing a conducive environment for investment, improving competitiveness, advocating Zanzibar as an appealing investment destination, and exploring investment opportunities. ZIPA is assigned responsibilities like overseeing approved investments, ensuring incentives align with the investor's business plan, and promoting national and international collaboration for streamlined investment activities. In addition, ZIPA manages Special Economic Zones, maintains a register, collaborates with micro, small, and medium enterprises, issues guidelines for corporate social responsibility, and suggests charges for its services. The Authority offers advice to the government on investment-related policies, and monitors incentive schemes. It is also empowered to designate representatives in other countries for implementing its functions. ZIPA shall be managed and administrated by a Board of Directors undertaking functions including (i) formulating and overseeing the implementation of policies; (ii) advising the Minister and relevant government institutions on investment matters; (iii) determining strategies for the Authority's operations; (iv) submitting regular performance reports. Texto completo Inglés Página web zanzibarassembly.go.tz