Cape Verde emerges as a destination of excellence for investors and entrepreneurs
An article in the European Business Review presents Cape Verde as a promising business destination, highlighting the ease of starting a business, tax incentives and opportunities in tourism, renewable energy and fishing. Despite logistical challenges, the country combines stability, entrepreneurial youth and a strategic location to attract foreign investment.
Cape Verde is gaining international prominence as an increasingly attractive destination for entrepreneurs and investors. In an article published by the European Business Review magazine, the archipelago is described as "a hotbed of opportunity", combining pro-business policies, democratic stability and a strategic location between Europe, Africa and the Americas.
The guide points out that starting a business in the country is now a simplified process, thanks to the "Company on the Day" program, available at Casa do Cidadão counters in cities such as Praia, Santa Maria or Mindelo. Foreigners or locals can choose between models such as sole proprietorship, private limited company or partnership, all they need is basic documents such as a passport, NIF and certified translations of foreign papers.
The favorable environment is reinforced by government incentives, especially in sectors such as tourism, renewable energies and fishing. Benefits include tax exemptions and reduced rates for exporters. Examples of successful businesses range from scooter rentals in Sal, supported by the growing tourist influx, to clean energy initiatives, with Cape Verde already producing 20% of its electricity from renewable sources.
The favorable environment is reinforced by government incentives, especially in the tourism sector.
The country also has social and cultural advantages: low crime rates, a motivated and young workforce - almost half the population is under 25 - and an increasingly qualified population, with many trained abroad. However, the article points out that there are challenges, such as high import costs and infrastructures that are still under development.
According to the guide, the key to success lies in starting realistically, building local relationships and adapting to the Cape Verdean rhythm, known for its "no stress" motto. Whether for sustainable tourism projects, technology start-ups or agribusiness, Cape Verde is positioning itself as fertile ground for those looking to turn ideas into concrete opportunities.
