Tourism Investment

Tourism continues to experience growth and deepening ‎diversification becoming one of the fastest growing economic sectors in the world. Tourism in Zimbabwe is recognised as a low hanging fruit, contributing 7.2% to the Gross Domestic Product. The sector is an expansion drive and seeks to diversify the tourism product base by extending investments across the country. Thus the Zimbabwe Tourism Authority is calling for investments in the following tourism sub-sectors:

  • Accommodation (hotels and lodges, Safari camps)
  • Conference facilities
  • Restaurants
  • Theme parks
  • Water sports
  • Cable cars
  • Others

To support your investment, the Government of Zimbabwe has put in a number of incentives which you can take advantage of and these include but not limited to:

  • Duty rebates on imported capital goods, equipment (SI10/2018) and safari vehicles (SI159/2017) for tourism businesses
  • Through SI50/2006 tourism business in the Tourism Development Zones (TDZs) are allowed to import capital goods duty free
  • The TDZs also come with tax breaks:
  • The government has gazetted Victoria Falls as a Tourism Special Economic Zone. Investors can enjoy tax exemption, duty rebate, etc.

 

For more information, please contact the ZTA – Planning and Investments Promotion (PIP) email pic@ztazim.co.zw/ tawanda@ztazim.co.zw or Dept. Head PIP on +263 8677005963 or +263 758 712/24.