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.

Make an enquiry

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.

Make an enquiry

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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.

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global payroll providers, corporate accounting, setting up a spv

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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.

Registered office

New locations require new entities, and we can help launch your international business in Europe, Latin America or the US.

Directorships

The demand for more knowledgeable and experienced local directors is on the rise. Auxadi can help.

Monitor and manage your international subsidiaries with our MultiCountry online platform

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Meet the team

Raimundo Díaz
Senior VP, Head of International Corporations

Claudia Nunes

Claudia Nunes
Director International Corporations

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