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Cape Verde Homes

Luxury Townhouses in 2009

NEWS ALERT: Exclusive Luxury Townhouses are soon to be built with the most stunning ocean views in Sao Vicente. Spacious 3 bedrooms, 3 bathrooms with 2 En-suite and infinity pool. Be sure to complete the Property Form for more details and read more on Sao Vicente. These Townhouses are believed to double in value by 2011 when the International Airport will be open. Alternatively, you can request a property pack by calling our UK Office on 0208 517 8856.

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Foreign Investor Incentives

The Government has a thoughtful and constructive approach to tourism and foreign investment and provides a range of incentives and a transparency that many other established overseas markets would envy. Inflation is negligible, unemployment is steadily decreasing and crime levels are extremely low.

As part of the Government's policy to attract foreign private investment, the Foreign investment Law has been established to provide the following incentives for those qualifying as foreign investors.

Guarantees and protections

The State of Cape Verde guarantees the non-discrimination of the external investor, IS5uring 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 If 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, n 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.