Cape Verde
The Republic of Cape Verde gained independence from Portugal in 1975 – making it a relatively new country. Affected by relatively high unemployment, the population of c. 600,000 works in: light industry/food production, utilities, construction, fisheries, agriculture, services (telecoms and transport), tourism and infrastructure (airports, port management and shipyards).
Foreign investors have rights of fair and equal treatment, opening of and transfers from foreign bank accounts, recruitment of foreigners, and non-discrimination. However, foreign investments (outside the Free Zone) are subject to prior approval by document submission, and the process could even involve an environmental impact study. Responses to applications must be issued within 30 days and, if successful, a time limit is given for investments to be realised.
Bilateral agreements are in place with Angola, Austria, China, Cuba, Germany, the Netherlands, Portugal and Switzerland. An agreement with Italy requires ratification.
There are 5 different commercial entity types available in Cape Verde, all with their own requirements, and the tax system can be difficult to navigate, which probably contributes to the ranking of 137/190 for Ease of Doing Business.
AUXADI can become your ideal investment partner in Cape Verde. We offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.
Cape Verde
The Republic of Cape Verde gained independence from Portugal in 1975 – making it a relatively new country. Affected by relatively high unemployment, the population of c. 600,000 works in: light industry/food production, utilities, construction, fisheries, agriculture, services (telecoms and transport), tourism and infrastructure (airports, port management and shipyards).
Foreign investors have rights of fair and equal treatment, opening of and transfers from foreign bank accounts, recruitment of foreigners, and non-discrimination. However, foreign investments (outside the Free Zone) are subject to prior approval by document submission, and the process could even involve an environmental impact study. Responses to applications must be issued within 30 days and, if successful, a time limit is given for investments to be realised.
Bilateral agreements are in place with Angola, Austria, China, Cuba, Germany, the Netherlands, Portugal and Switzerland. An agreement with Italy requires ratification.
There are 5 different commercial entity types available in Cape Verde, all with their own requirements, and the tax system can be difficult to navigate, which probably contributes to the ranking of 137/190 for Ease of Doing Business.
AUXADI can become your ideal investment partner in Cape Verde. We offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.
International Accounting, Tax and Payroll in 50 countries
Corporations
We can help you with your international expansion and we serve more than 600 clients across many different sections. We become an extension of your finance departments abroad and you can access the accounting information of all your international subsidiaries through a single portal, customised to meet your needs.
Funds
With nearly $7 billion of assets under management, we can take of the corporate management and SPV administration of your investment structures. Whether you’re creating a holding structure in Luxembourg or setting up a SPV in Europe and Latin America, we offer accounting, reporting, tax compliance and directorship solutions to help make your life easier.
Our services
Accounting
We provide corporate accounting administration for global corporations and investments with our unique MultiCountry IT platform.
Tax
We can help sort your international taxes. Our expert tax teams know all the details and will ensure you remain tax compliant.
Payroll
Our international payroll services remove the complexity but keep the confidentiality, using our unique IT system.
Cash management
Cash management is essential for every business – but monitoring and managing your cash flows can be time-consuming. Auxadi can help.
Consolidation and reporting
Our unique MultiCountry IT platform gathers the data from all your international entities, making consolidation and reporting stress-free.
Transfer pricing
We’re on hand to help with your transfer pricing – rely on our local knowledge and expertise.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
Get access to Auxadi corporate materials and technical guides to know more about us. You can see all our materials here.
Meet the team
Rima Yousfan
Senior VP, Head of International Corporations