Investing in the Republic of Cape Verde: key factors for a winning choice

The right location for an investment is one of the essential ingredients for success.

Making the right choice requires an accurate assessment of a wide range of non-specific financial factors connected with each location: what has earned the Republic of Cape Verde the loyalty of international investors – compared to Europe – is the winning combination of:

Few other emerging countries offer investors lower overall risks and more exciting opportunities.

The government considers foreign investments an effective way of increasing the country's productivity and competitiveness.
Foreign enterprises investing in Cape Verde are taxed at a rate of 15%, but they can enjoy tax incentives and (sometimes total) customs exemptions for decades.
No VAT at all is paid on property investments.

Very few places in the world are still unspoilt: one of these is the archipelago of Cape Verde, which is already included in the development plans of leading international tourist operators. On the island of Sal, tourism has increased by 20% over the past 5 years. It enjoys a dry, tropical climate and moderate winds all year round.

Streamlined services and kind, helpful personnel have created an excellent, highly efficient public structure.

The archipelago has been an independent republic since 1975. In the last ten years, economic growth due to residential tourism, supported by urban planning, has been rapid. The island of Sal is currently the world's fastest developing tourist destination. Property prices, on the rise since 1995, are still extremely affordable. The percentage revaluation of property, and hence its profitability, is very high.

The World Bank is launching plans to foster this growth, generating political stability and the absence of conflict.

The main European tour operators in Santa Maria on the island of Sal bring around 200,000 tourists each year, and an increasing number of them are deciding to buy two-room apartments to live in or earn an income in this sun-blessed region with its high quality of life.

A European-style Civil Code and the legal protection of private ownership mean a safe investment for your savings, which will increase in value year by year in this rapidly developing tourist resort, where the forecast is +20% over the next 3 years.

The cost of living in Cape Verde is on average 45% lower than in Europe, so anyone spending long periods in the archipelago cannot fail to draw immense benefits.

By far the majority of people in Cape Verde are foreign; but the deep respect for outsiders and their rights, the natural kindness and helpfulness, the courtesy and simplicity of the local inhabitants – which may come as a surprise at first – will soon convey a widespread sense of security.