Investment Opportunities in Cape Verde

Cape Verde, an island nation located off the west coast of Africa, offers a dynamic investment climate that capitalizes on its strategic location, stable economy, and attractive investment incentives. The country has made significant progress in terms of infrastructure, business environment, and governance, making it a leading destination for investment in West Africa.

Key Investment Sectors

Tourism and Hospitality: With its beautiful landscapes, pristine beaches, and cultural heritage, Cape Verde has become an attractive tourism destination. The government encourages investment in hotels, resorts, eco-tourism projects, and services related to tourism. Opportunities exist for developing leisure and cultural tourism as well as expanding hospitality infrastructure.
Renewable Energy: Cape Verde has committed to becoming a leader in renewable energy, particularly in wind, solar, and geothermal power. The country is looking to increase its renewable energy capacity to reduce dependence on imported fuels and create a sustainable energy future. Investors can capitalize on incentives to develop solar and wind energy projects.
Agriculture and Agribusiness: While Cape Verde is a small island nation, the agricultural sector remains vital, particularly for food security and export. Key opportunities include investments in aquaculture, greenhouses, agriculture technology, and agro-processing. The government has been working to promote agricultural diversification and sustainable farming practices.
Infrastructure Development: Cape Verde is expanding its infrastructure to support economic growth, and investors have numerous opportunities in port construction, transportation networks, airports, roads, and logistics. The country is also improving its water supply and waste management systems, presenting opportunities for investment in these areas.
Information and Communications Technology (ICT): With a growing demand for digital services and improved connectivity, Cape Verde offers investment opportunities in the ICT sector. The country is focusing on e-commerce, mobile banking, and IT infrastructure to promote innovation and economic development.
Financial Services: Cape Verde has a stable banking system, and the financial services sector is growing. There are opportunities for investment in banking, insurance, and fintech. The country is also developing its capital markets and attracting international investors in this area.
Fishing and Maritime Industry: Cape Verde’s proximity to rich fishing grounds in the Atlantic Ocean presents opportunities in the fishing and maritime industry. This includes investments in fisheries, seafood processing, shipping, and maritime transport services. The country’s fishery exports are an important part of its economy.

Why Invest in Cape Verde?

Strategic location between Europe, the Americas, and Africa, making it an ideal gateway for international trade.
Political stability, good governance, and a reliable legal framework.
Strong focus on renewable energy, tourism, and ICT, providing a diversified investment environment.
Business-friendly environment with various incentives, including tax exemptions and preferential treatment for foreign investors.
A growing and skilled workforce with improving education and training opportunities.

Investment Incentives

Cape Verde offers several investment incentives to attract foreign investors. These include tax exemptions for up to 10 years for qualifying businesses, duty exemptions on imported goods, and reduced corporate tax rates. Investors in renewable energy, tourism, and agriculture can access additional incentives. There are also special incentives available for investments in the islands of Boa Vista and Sal.

Key Investment Promotion Contact

Cape Verde Investment Promotion Agency (CI)
Website: www.cvi.cv
Email: cvi@cvi.cv
Tel: +238 260 72 44