Cabo Verde is a country with a rapidly growing economy, strategically located in the Atlantic Ocean, making it an increasingly attractive destination for international investors. A favorable business climate, stable political environment, and expanding tourism sector create excellent conditions for doing business.

Manimama ensures a smooth company registration process in Cabo Verde, providing you with expert guidance and support at every stage. We will lay a strong foundation for your business, enabling you to confidently begin your operations in Cabo Verde and achieve success from day one.

Legal Opinion on Cabo Verde as a Jurisdiction for Company Formation

Ganna Voievodina

Manimama

CEO

“Cabo Verde stands out as a secure and promising destination for establishing a business. Its pro-investment policies, access to global markets, and focus on economic diversification make it an ideal choice for entrepreneurs. At Manimama, we are prepared to guide you through the incorporation process and ensure your success in this flourishing jurisdiction.”

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Our Packages

Our comprehensive packages simplify the process of creating the perfect legal entity for your business, whether you are a small startup, non-profit or multinational. We will guide you through every step of the way, ensuring that your business starts on a solid foundation.

Company Formation

Company formation
Registered address for the 1st year
Annual accounting requirement bookkeeping

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Annual Services

Company renewal and registered address
Annual Government Tax
Mandatory Financial Beneficiary Report

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Other Services

Set of corporate documents (certified/apostille)
Nominal service for 1 year
Offshore banking

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Key Numbers about Incorporations

аt least 2

directors in the company

2-3 weeks

average term of company formation

25%

corporate income tax (CIT) rate

16,5-27,5%

personal income tax (PIT) rate

0-15%

value-added tax (VAT) rate

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Set up Your Company in Cabo Verde in Several Steps

Step 1. Initial setup

Initiating a preliminary project assessment
Preparation and filing of the package of documents

Step 2. Company registration

Submission set of documents
Publication of registration in the Commercial Register of Cape Verde (Casa do Cidadão)
Obtain a tax identification number(TIN) (is still not possible)
Opening and depositing money in a bank account
Submitting an inspection request and obtaining a municipal license (if applicable)

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Requirements for Company Formation in Cabo Verde

Before deciding to set up a new company in Cabo Verde, read the information below to understand the characteristics of a Sociedade Anónima (LLC):

The type of company is a Limited Liability Company (LLC).

Number of shareholders: at least 2 shareholders.

Share capital Minimum paid-up capital 2,500,000 escudos, of which 30% must be placed in cash at a local bank and the remainder 75% over the next five years.

Before deciding to set up a new company in Cabo Verde, read the information below to understand the characteristics of a Sociedade por Quotas (LLP):

The type of company is a Limited Liability Partnership (LLP).

Number of shareholders: at least 2 shareholders.

Share capital a minimum share capital of 200,000 escudos, with half of it placed in cash at a local bank and the remainder paid out over the next three years.

Taxes in Cabo Verde

Corporate income tax (CIT)

The corporate tax rate in Cape Verde is set at 25% and is applied to the net earnings of a company.

Personal income tax (PIT)

Residents and non-residents earning income sourced from Cabo Verde are subject to progressive income tax rates. These rates range from 16.5% to 27.5%, depending on the income bracket:

CVE 0 to 960,000 - 16.5%
CVE 960,000 to 1,800,000 - 23.1%
Over CVE 1,800,000 - 27.5%

Non-residents are taxed on Cabo Verde-sourced income only.

Value-added tax (VAT)

The standard VAT rate in Cabo Verde is 15%. And 6% reduced rate. This tax applies to the majority of goods and services supplied domestically.

VAT exemptions and reduced rates:

Basic foodstuffs, healthcare, and educational services may be exempt.
Exports are zero-rated.

Double taxation avoidance agreements in Cabo Verde: ‍Cabo Verde has signed double taxation avoidance agreements (DTAs) with several countries to facilitate cross-border trade and investment by eliminating double taxation on income. Key DTAs include agreements with: Portugal, Spain.

Start Your Company Formation Process with Manimama

There are numerous reasons why Manimama is the leading company formation agent in Cabo Verde:

Expertise in Cabo Verde Regulations

1. Manimama has an in-depth understanding of the legal and regulatory framework of Cabo Verde.
2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.

Local and International Experience

1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
2. Our expertise spans various industries, providing customized solutions for each client.

Efficient and Timely Service

1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
2. Our efficient processes minimize delays and get your business up and running quickly.

Client-Centric Approach

1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
2. Our dedicated team is always available to address any concerns and provide expert advice.

Robust Network of Local Partners

1. We have established strong relationships with local authorities, banks, and service providers.
2. This network ensures that your business receives the best possible support and resources.

Ongoing Compliance Support

1. We provide continuous support to ensure your business remains compliant with laws of Cabo Verde.
2. Our team keeps you updated on any regulatory changes that may impact your company.

Frequently Asked Questions

Why is Cabo Verde an attractive jurisdiction for business?

Cabo Verde offers a politically stable environment, a strategic location for international trade, and access to European and African markets through special economic agreements. It also has favorable tax incentives for certain industries, particularly tourism, renewable energy, and export-oriented businesses.
What are the corporate income tax (CIT) rates?

The standard CIT rate is 25%, applied to the net profits of a company. Reduced rates may apply under certain investment incentive schemes.
Is property ownership allowed for foreigners?

Yes, foreigners can own property in Cabo Verde. The Single Property Tax (IUP) applies to real estate ownership, with rates depending on the property's value and location.
Are there tax incentives for businesses?

Yes, incentives include reduced CIT rates, tax holidays, and customs exemptions for businesses in designated sectors like tourism, export services, and renewable energy.
Does Cabo Verde have double taxation treaties?

Cabo Verde has agreements with countries such as Portugal and Spain to avoid double taxation and facilitate international trade.
Can foreigners apply for residency in Cabo Verde?

Yes, residency permits are available for investors, employees, and retirees. The process requires proof of income, accommodation, and a clean criminal record.

Semen Kaploushenko

KUNA, CBDO

“Thanks to the Manimama team, my legal issues were resolved at the highest level”.

Vadym Grusha

Trustee Wallet, CEO

“My cooperation with Manimama OU was extremely positive”.

Yuriy Soshenko

WhiteBit, CLO

"The whole process was stress-free thanks to their professional work and individual approach”.

Manimama as the Best Solution for Your Company Formation in Cabo Verde

Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

Comprehensive Legal Expertise
Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.

Results-Driven Approach
Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.

Global Presence and Local Expertise
Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.

Community Commitment
At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

By choosing our company formation service in Cabo Verde, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Cabo Verde and pave the way for your business success.