Investing in an existing business

Member since 21 February 2023

bradysteve666New member21 February 2023 09:11:45

@Julien Hi. My wife & I have visited ZZB 9 times. We are currently in ZZB (1month) & are considering partnering a local in his watersports business. Have known him for many years & trust him. He has the client base & we will purchase some assets (he currently rents).I am struggling to find info. wrt investing in an existing business. Setting up a new business seems to involve a lot of "red tape" & I am looking for any advice to keep this as simple as possible. I just want to keep myself busy during retirement & make as much income as possible for the local guy. Plan to return in June for a 6 months trial, to test retirement here. thx, Steve

Yoginee ViP

Member since 11 July 2022

YogineeViP21 February 2023 10:51:40

3414

Hello Steve,

Welcome to expat.com!

Kindly note that I have moved your post to create a new discussion on the Zanzibar forum.

I hope that members who have already been in this situation, will be able to provide some insights to you soon.

All the best,

Yoginee

Expat.com team

bradysteve666 New member

Member since 21 February 2023

bradysteve666New member21 February 2023 14:23:10

@Yoginee thank you

Planet Lodges Member

Member since 09 October 2022

Planet LodgesMember03 March 2023 13:03:41

I'd say talk to a few reputable law firms and hire one to guide you through that process.

Yes, you can buy shares into an existing business because I've done it (sold shares) but sadly I cannot recommend any for Znz as my businesses are in the mainland.