Introduction
Over recent decades Cape Verde has established itself as a country of political stability, legal certainty and economic openness. Positioned between Europe, Africa and the Americas, the archipelago is today a privileged gateway for international business and a destination of choice for foreign direct investment.
Incentives and legal guarantees
The Investment Code and other complementary laws ensure attractive conditions for those who choose to invest in the country:
- Exemption from, or reduction of, taxes on reinvested profits;
- Exemption from customs duties on the import of equipment and raw materials;
- Free repatriation of profits and capital;
- Special regimes in Free Zones, Industrial Parks and Tourism Development Areas.
The country also has an Investment and Export Promotion Agency (Cabo Verde TradeInvest) which facilitates the set-up of new projects.
Priority sectors
Cape Verde is focusing on sustainable, strategically valuable sectors:
- Renewable energy and the green transition;
- The blue economy and the rational use of marine resources;
- Sustainable tourism;
- Agriculture and agri-industry;
- Technology and digital innovation.
The lawyer's role
International investment requires technical knowledge and legal rigour. Ilídio Cruz & Associados provides full support — from company incorporation, contract drafting, due diligence and licensing applications, through to legal representation before national authorities.
Conclusion
To invest in Cape Verde is to invest in an environment of trust and growth. The right legal support is the first step in turning opportunities into solid results.