Get to Know More About Why Set Up Business in Cape Verde
The legislation of Cape Verde aims to attract foreign investment, which is it was designed that way, especially when it comes to energy, fishing, and tourism. Cape Verde has competitive advantages that overseas investors can take advantage of, and its strategic location is ideal for a business. Its location is near Europe and there are en route flights from the USA. They have an educated workforce, and they are no longer under the Portuguese ruling. There is a moderate climate here and a very low crime rate.
Start to Set Up Business in Cape Verde – Stable Economy and Politics
There are no religious, political, and ethnic conflicts here making it a safe place for foreign investors to expand their business here. Aside from that, their social and economic indicators are stable. That means potential investors can rely on these factors with great confidence in why they should consider Cape Verde.
Rich in Marine Resources
Cape Verde is rich in untouched marine resources which creates a solid potential for those who want to invest in their fishing industry. Even if there is only 6,000 tons of annual catch, a total of 45,000 can be caught and there would still be a lot of resources to use. With huge opportunities to open lobster and tuna businesses.
Foreign Direct Investment Incentives
There are two industrial estates that have the facilities, equipment and services needed by investors. The international airports and seaports have good capacity, and they have efficient and competitive information, as well as communication technology. Cape Verde has a water supply network, available power grip, cold storage, ship repair yard, and fish processing.
The government does not have a discriminating policy, has fair and just issues handling, protects goods and upholds rights. They allow 100% legally earned profits repatriation in their currency for investors. They can hire expatriate workers, and open a bank account in their currency.
There are a lot of reasons why you should set up a business in Cape Verde that you need to consider. They have a special tax system that is very attractive to foreign investors. You should absolutely consider venturing in Cape Verde.