foreign investor incentives

The Foreign Investment Law has been established to provide the following incentives for those qualifying as foreign investors and as part of the government's policy to attract foreign private investment.

guarantees and protection:

The State of Cape Verde guarantees the non-discrimination of the external investor, assuring equal treatment as well as security and protection of its assets and rights within foreign investment, which cannot be nationalised or appropriated by the state unless there is legal proof of public need.

transfer of dividends and profits:

It is guaranteed that the foreign investor may transfer out of the country in foreign currency any amounts to which it is legally entitled as a result of duly registered operations of foreign investment.

benefits and exemptions:

Cape Verde Law grants the foreign investor the exemption of taxation of dividends and profits in the following circumstances:

• for a period of five years starting on the date of registry of the investment
• in cases where dividends and profits have been reinvested, according to the law, in the same or in another business in Cape Verde.

After the period of exemption, where the profits are not reinvested, a tax of 10% will be applied.

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