Can non residents Open a bank account in Zanzibar?

Member since 18 July 2015

Jo CharnockMember05 July 2016 08:49:46

Hi there, I'm looking for some advice - is it possible as a non resident to open a bank account in Zanzibar?
We own a property here, and have insurance, but we have been told you need a residence permit to open a bank account.

mambopoa New member

Member since 22 November 2012

mambopoaNew member06 July 2016 08:29:45

You DO NEED a resident permit to open a bank account.
This is compulsory.
It is quite uneasy to obtain a resident permit in Tanzania nowadays.
If you are just retired and have no business activity, it will be easier.
But you need to be patient !

Jo Charnock Member

Member since 18 July 2015

Jo CharnockMember07 July 2016 08:19:33

Thank you.

sam-znz Member

Member since 13 March 2014

sam-znzMember11 July 2016 09:46:51

without resident status not possible.

Tanzania Real Estate Agen Member

Member since 10 August 2014

Tanzania Real Estate AgenMember31 October 2016 21:24:31

I quote to your point that you own a business

This is much easier by owning a business gives you a right to open a Bank account
Because all Properties of foreigners are under ZIPA,the ZIPA gives working and resident permit before opening of any property to all investors or foreigners who are in Business.
聽 All business and properties are under Company name which makes you to be fully qualified to open a Bank account because the Company registration was done in Zanzibar with all TIN numbers from ZRB and TRA.

So,check your papers properly and consult you Lawyer on this,but it seems that you work on it on your own which is very risk.