Faqs

General Service, Investor's one-stop shop, trade (export, under trade agreements with AGOA, ECOWAS and I) and After Care service.

Based on the investment Code – 13/VIII/2012 of 11/07/2012, the minimum investment value of 50 million ECV, a set of documents, available on the site, is required to be delivered to the Single Investor counter of Cabo Verde TradeInvest. The manifestation of interest may be present or through the institutional website. Through the Platform single investor counter, the processes are analyzed together with several public institutions integrated in the process. The evaluation period until approval of the investment processes is 75 days.

According to the state budget 2017, the priority sectors for investment are: ICT, renewable energies, fisheries, maritime transport, public private partnerships and tourism. Although there are numerous incentives for the other sectors.

CVTI grants the investor all the necessary support in the development and implementation of the investment projects. CVTI's support consists of a decrease in bureaucracy, time-to-response and cost reduction and investor costs. CVTI supports the investor in the search for partners to implement projects. However, there is no budget for financial support for the projects.

The investments made under this law 34/2013 may be granted general or specific incentives, dependent or automatic, contractual, conditioned or temporary, in the form of exemptions, reductions of fees, deductions to collectable matter and collecting, depreciation and accelerated reintegration or tax credit for investment, in accordance with the tax Relief Code no-102/VIII/2016. In the state budget of 2017, with regard to the establishment conventions (special contracts), the amount of investment required for 550 million CVE (formerly 3 billion CVE), and the number of jobs for 10 (formerly 100) was reduced.

The time of analysis and approval of investment project is up to 75 days, according to Decree-Law 42/2015 that regulates the sole counter of the investor. The certificate generates after the project is approved.

It is a document that proves that the investor is a holder of investor status. It is signed by the president of CVTI and authenticated with the stamp of the institution. It contains relevant information from the company Recetora of the investment.

The documents required to obtain the investor's certificate are available in the document Investor Recognition ApplicationFor projects in general and a dedicated list for tourist projects. The list also lists the locations where they can be obtained and the cost of acquiring them. The investor's certificate falls within the investments in the value from 5000 tales, following the criteria defined by the Investment law.

The process is initiated at Cabo Verde TradeInvest from the moment the manifestation of formal interest is made, having been all the information and documentation made available and delivered at that time. The dossier is analyzed and forwarded to the competent authorities to give their opinions. If they are favorable, it is submitted to the Agency's superior approval or guardianship, the certificate is issued.

Obtaining this certificate is not currently charged.

The Establishment Convention applies to specific cases for projects considered to be of national interest, using specific investment volume criteria from 550,000 to 10 stories and ten direct jobs, on beach boards, salt and Good view, out of advice applies the value to 50% reduction of the value, according to the Tax Benefits Code (annex). The time of analysis and approval of the investment project is up to 60 days. All documents and more information are available at: http://cvtradeinvest.com/wp-content/uploads/2017/04/Convencao_estabelecimento.pdf

The platform manages a document called DUC (a unified contributor statement) that serves as an ' invoice ' to settle with commercial banks in Cabo Verde.

The CST is attributed to undertakings or establishments legally constituted which have by social object The pursuit of tourism activity in exclusive, or is all initiative of continuous character that promotes tourist circuits, namely: Accommodation and/or restoration; organization of internal excursions; Organising cultural and sporting events that promote entry and tourism mobility; Promotion of the country, in the external market, as a tourist destination; Supply of the tourist market with national handicrafts. The projects must be entered in the Cabo Verde TradeInvest accompanied by a set of required documents.

Upon approval of the project, the same is sent to the national press of Cabo Verde for publication purposes in the Official bulletin. The new publication Values table was fixed through deliberation 1/2017, published in BO No. 2, II serie, of 6 January 2017. Payment of the fee should be made through the following banking coordinates: BCA No. 10648661; CECV No. 6069962; BI No. 25482010001-Name National press of Cabo Verde.

Yes. The investor must require both the statutes for a tourist sector project.

According to Decree-Law No. 42/2015, all projects submitted for tourist utility status must register the investment, through the sole investor's counter, granting other benefits under Law No. 13/VIII/2013 of 11 July.

They are attributed to tourist sector projects.

The areas of tourism and integrated development, located on the islands of Boa Vista and May are under the responsibility of the tourist Development Society of the islands of Boavista and May (SDTIBM). The ZDTI's located in the remaining islands are under the management of the Minister of Tourism and Transport and Minister of the Maritime economy.

Yes. Through the institutional website, the promotion/dissemination of all investments approved through the Bui is foreseen. For another type of promotional support, you should send a request to the board of Directors of CVTI for consideration and decision.

There is representation on the island of S. Vicente and Sal. There is no representation in the diaspora.

Yes. The BUI platform is an electronic instrument used for the analysis and approval of investment projects. Only project managers officially indicated by public institutions have the permission to view and execute the tasks through a user profile and password.

According to Dec-law 1/2016 of 3 February, it is 40 (40) or 44 (44) weekly working hours, depending on the employer.

The Government of Cabo Verde, through Dec. Law 6/2014., of 29 January 2012, establishes the national minimum wage of 11000 ECV (110 euros). Interns and apprentices earn 20% less.

Law No. 34/VIII/2013 does not stipulate the limit of foreign and national workers to work in a foreign or national capital undertaking.

According to decree Law 34/2013 of 24 September, art º 8 (transfer of income from foreign workers), fulfilled all fiscal obligations, workers and those of Cape Verdean nationality that at the date of the hiring, reside abroad there More than five years, they have the right to convert into freely convertible currency and to transfer abroad, income from services rendered to financial firms with resources from abroad, duly registered in the Bank of XXX _ xxx_39068990 in the end of article 6 of the decree referred to above, and for which they were recruited.

The employer is free to constitute your salary table provided that you respect the Labour Code (, DL-N º 1/2016 of 3 February) which is fixed at the minimum wage of 110 euros. We advise each company to undertake a market study in order to maintain a certain competitiveness in relation to other companies in the business.

DL No 26/VIII/2013 of 21 January, chapter VII (Customs tax benefits), art. 52, grants the customs exemption to retired foreign citizens who obtain permanent residence permit, under the specific government programme for that purpose. The foreign connector work enjoys exemption from customs duties on the temporary importation of a light car for its own use.

According to DL No. 34/2013 of 24 September, art. 7th (transfer of funds abroad), external investors are entitled to convert into any other freely convertible currency and to transfer all income from their Investment, which has been duly registered in the Bank of Cabo Verde, pursuant to paragraph 4 of the said decree.

The application shall be delivered to the CVTI Investor's sole counter for the purposes of investment registration, accompanied by a set of documents required by the sector, responsible for Industrial licensing. The process will be analyzed together with the intervening sectors until it is approved or not. The response time is up to 75 days after the complete dossier is delivered. See more at: http://cvtradeinvest.com/wp-content/uploads/bsk-pdf-manager/2017/04/Lista-unificada-e-Guia-anexo_PT.pdf

The DL nº 1/2015 of January 6, article 2, States that the temporary residence permit application is made in person in printed (...) and must include the applicant's full name, age, marital status, birthplace, nationality, profession and purpose of fixing the residence, and must be accompanied by two passport-size photographs, colour and background smooth, refreshed and with good condition of identity of the applicant. The orders are carried out in branches of the direction of foreigners and borders (DEF).