Company

Investing in Cape Verde

Investing in Cape Verde

10 Reasons to Invest in Cape Verde

 

1. Centrality

- 7 hours flight to the USA, 4 hours flight to Portugal, 4 hours flight to Brazil, just 1 hours flight to Senegal.

- Cape Verdean currency shield with fixed parity with the EURO.

- 7 Airports, 4 International and 3 Regional.

- 9 ports, 2 deep water.

 

2. Modern Society

- 3rd Country in the Human Development Index in Africa, by UNDP.

- 3rd Country in the Quality of Life Index in Africa, by the EI Unit Index.

- 4th Country of Africa in the Information and Communication Technologies Development Index.

- It is in the process of building a Technology Park.

- 122 Digital Squares nationwide.

- 44 Weblabs installed in Schools.

- Terrestrial fiber optic network.

- Inter - Islands Submarine Cable System.

- Satellite Communications.

- International Communications by Submarine Cable.

- Georeferenced terrain.

- Smart City (Safe City Beach 2005)

 

3. Mature Democracy

- On July 5, 1975, the Independence of Cape Verde took place.

- Parliamentary Democracy Economic Freedom.

- Country of 1st Category by Freedom House.

- 4th Best Governance in Africa by the Mo Ibrahim Foundation.

- 33rd place in the World Democracies Ranking by the University of Gothenburg (Sweden).

- Perception of Transparency, 1st Lusophony and 3rd Africa by Transparency International.

- State independently assures the Powers.

 

4. Economic Progress

GIFT

- GDP of 3.9%.

- FDI in GDP of 8%.

- Population 531 000.

- Number of tourists 716 000.

- Tourism's share of GDP of 21%.

- 80th place in the Tourist Competitiveness Ranking.

 

FUTURE

- GDP of 7.1%.

- FDI in GDP of 12.4%.

- Population 563,000.

- Number of tourists 1200 000 000.

- Tourism's share of GDP of 32%.

- 45th place in the Tourist Competitiveness Ranking.

 

5. Business Environment

- Top 10 Islands + Business Friendly.

- Top 4 Archipelago Best value for money in 2018.

- 48th Transparency Index

- Green Card Investors.

- International Financial Square.

- Parity CVE - EUR.

- Free Movement and Currency Accounts.

- Market Regulated by Independent Agencies.

 

6. Ongoing Transformation

- Strategic Plan for Sustainable Development (2017-2021 - 35 Programs).

- Global Value of Public Investment with a Tourism Impact of 1 Billion Euros.

- Other Investments with Impact on the Tourism Sector.

 

7. Qualified Work

- Average Age 28.3 Years Old.

- 95% Literacy Rate of Young Population.

- Fluency in Languages ​​(French and English), Beginning of Mandarin learning.

- Higher Technical Training.

- 8 Universities and School of Hospitality and Tourism.

- High Productivity and High Availability.

- Student Cooperation Agreements.

 

8. Diversity and Opportunities

- Santo Antão: Beach; Water sports; Nature & Mountain; Culture & History; Cheers.

- Sao Vicente: Beach; Water sports; Residential; Business; Culture & History; Cruises

- Saint Nicholas: Beach; Water sports; Nature & Mountain; Sports & Golf; Cheers.

- Salt: Beach; Water sports; Residential; Business; Sports & Golf; Cheers.

- Boavista: Beach; Water sports; Residential; Business; Sports & Golf; Cheers.

- May: Beach; Water sports; Residential; Business; Sports & Golf; Cheers.

- Santiago: Beach; Water sports; Nature & Mountain; Residential; Business; Culture & History; Cruises

- Fire: Beach; Water sports; Nature & Mountain; Residential; Sports & Golf; Culture & History; Cheers.

- Brava: Water Sports; Nature & Mountain;

 

9. Success Stories

 

-HILTON.

- Macau Legend Development Ltd.

- RIU Hotels & Resorts.

- THE RESORT GROUP PLC.

- TUI Discover your Smile.

- OASIS Hotels & Resorts.

- THOMAS COOK

- IBEROSTAR GROUP.

- MELIÃ Hotels International.

- PESTANA Hotel Group.

 

10. Attractive Investment Policy

- IRC or IRS Tax Credit.

- Stamp duty exemption on financing contracts

- Exemption from customs duties on investment imports

- Property tax exemption on the acquisition of buildings *

- Green Card with tax benefits

- Reduced IRS tax for nonresidents

- Exemption from capital gains tax on transfer of shares.

 

* depending on the municipality.

 

in Cabo Verde TradeInvest