Why buy in Cape Verde
There has never been a better time to invest in the Cape Verdian property market
- Socially & Politically stable archipelago set in a tropical backdrop
- Direct flights from major UK airports
- Mortgages are expected to be made available from early 2007
- Up to 70% return on capital investment expected in just 2 years!
- Increased tourism
- Virgin Land still available
- Fixed exchange rate to the Euro
- Governments warm welcome includes tax savings and incentives
- Already on the watersport circuit
- Huge championship golfing developments planned for the islands
Last year the Canaries once again tipped the hot spot - Cape Verde has the potential to outstrip the Canaries, already tourism is progressing at a rapid rate and the islands enjoyed more than 150,000 tourists last year.
The islands are still in their infancy, foreign investment with the support of the local government is the driving force for the islands' infrastructures. Prices at the moment are low, land and commercial plots are also available so if you invest now you know you do so at the same time as many large developers, you will not just be picking over what has been discarded.
Negotiations are expected to start soon for Cape Verde's inclusion into the EU and the exchange rate is fixed to the Euro (110.265 CV Escudo to 1 Euro).
The Cape Verdian Government is encouraging investment and development with incentives such as;
Tax reduction on corporation tax for non-residents
Initial 5-year tax holiday
Exemption on import duties for building materials
Residency available for employers who employ Cape Verdian Nationals
Your Cape Verde only wishes to draw your attention to what is available please ensure you discuss all tax incentives with a Cape Verdian Tax expert.
Cape Verde is politically and socially stable country, actively supporting recommendations from the IMF and the World Bank.