Reasons to Set Up a Business in Cape Verde
Let 3E Accounting Help You Launch Your Next Big Venture in Cape Verde
Why set up a business in Cape Verde? That’s the question on every investor’s mind as they seek to explore any new country for a potential new opportunity.
Rich in resources, thriving tourism, energy, and fishing industry, Cape Verde welcomes foreign investment on its shores. The fact that it doesn’t take long to set up a company here is a bonus. In fact, in some cases, a company can be opened is as little as 24-hours.
Here are some of the reasons why we think Cape Verde makes an excellent business investment location.
Perfect Geographic Location
Cape Verde is quite possibly the most strategical location country within its region. It is located halfway between both South America and Central Europe and North America and South Africa. As such, its position allows it to serve as a major north-south air and sea route that is used regularly.
Political and Economic Stability
A country with a sound political system and a strong economic foundation is a winner. With the absence of any religious, political or ethnic conflicts, it is safe to say that Cape Verde is a wise investment indeed.
Labour Availability and Preferential Market Access
Labour is readily and easily available in Cape Verde for the investor who is ready to do business. The local workforce is extremely productive and they can be easily trained because of their willingness to embrace opportunities.
Additionally, any product that is made in their country of original enjoy preferential access to certain markets. This includes the European Union, United States, Canada and more.
The Cape Verde government encourages fair treatment and handling of any business-related issues. Policies in place are not discriminatory, meaning foreign investors will enjoy the benefits of doing business in the country without being side-lined. The government upholds the rights of investors who choose to do business on their shores. Investors are also free to hire the expat workers they need.
The incentives are probably the most attractive reasons for an investor to do business in Cape Verde. With 0% tax on dividends, profits, interest and amortisations, there’s more reason than ever to think about setting up a business here. Personal income tax in Cape Verde is only enforced after the 6th year of doing business at a rate of 10%.
Ready for Your Cape Verde Venture?
Let 3E Accounting make the company incorporation process as easy as possible. Our panel of experts is equipped with years of knowledge and experience under our belt. There is no one better to lead your company to success than us. We have the insight and the know-how and we’re ready to begin when you are. For more information about 3E Accounting’s company incorporation services, contact our team today.