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Cabo International Partners

We are a professional and independent consulting and management company that delivers quality at an appropriate price. Cabo International Partners is stimulating the development of a robust private sector in Cabo Verde. Trough international partnerships with renowned international companies and organizations, it is establishing a world-class circular economy that is using the strategic advantages of Cabo Verde.

Your challenges

As a services provider, we are facing diverse challenges. To diversify from the competition we need to continuously innovate and offer unique solutions. The tourism and real estate sector are highly volatile. We as tourism and travel professionals know that our industry is exposed to political, health, and economic circumstances. The challenges we are facing know are :

  – Sustainable destinations

– Circular economy tourism

– Eco-footprint

– Less unique locations due to global standardization

– Secure and democratic destinations

It is therefore desirable to work together with a consultant who can provide solutions in these areas. Of course, you expect us to meet your specific requirements and optimal cooperation is very important.

Our Services

We ensure that you can easily respond to the challenges with innovative solutions. As an independent and expert party, you get solutions and advice that meet your concerns. You can also count on clear and timely communication.

Investment Opportunities

Cabo Verde

WHY INVEST IN CABO VERDE

Cape Verde is an increasingly interesting destination for doing business. Even after COVID-19 has provoked an economic crisis worldwide, the archipelago of Cape Verde still has great conditions that could make it become one of the best African destinations for investments in the post COVID-19 era. There are 10  reasons for this:

• 1. PRIVILEGED POSITION. Cape Verde is an archipelago off the Africa’s North Atlantic coast. Made up of 10 islands, nine of which are inhabited ans has a population of just over half a million. The capital is Praia, on Santiago Island. This archipelago has an agreeable weather conditions the whole year, with an average temperature of 22-25 degrees.  Portuguese is the official language and the country has good infrastructure that connect it to the world. The country became part of the Economic Community of West African States – ECOWAS – in 1977, and has preferential Partnership Agreements with the African Union and the European Union.  

  2. MATURE INSTITUTIONS. Mature and solid institutions are fundamental for economic stability. Since independence in 1975, Cape Verde has had a fully functioning parliamentary democracy – a prerequisite for an open market economy. Freedom House classified Cape Verde as ‘free’. The Mo Ibrahim Foundation ranked the country fourth in Africa and 33rd among global democracies. Cape Verde scores highly too when it comes to transparency, with Transparency International putting it at the top spot among Portuguese-speaking countries, and in third place in Africa.

   

  3. QUALIFIED WORKERS. The average age in the country is 28.3 years-old, which encourages productivity in all sectors. Literacy rate is 95% and many Cape Verdeans speak at least two languages – generally Portuguese and Creole – and most of them English too.

  Since independence in 1975, Cape Verde has had a fully functioning parliamentary democracy – a prerequisite for an open market economy

  4. BUSINESS ENVIRONMENT. Thanks to the absence of exchange controls, in 2018 Cape Verde was ranked, according to fDi Intelligence, in the top 10 of the business-friendly islands and in the top four of island states with the best prospects for doing business. Investors are given green cards with economic and tax benefits, and even if for historical reasons most foreign-run businesses and investors are Portuguese, no nationality is favored – all are welcome

  5. ECONOMIC PROGRESS. Before the COVID-19 pandemic, the country ranked 1st position among CNN TRAVEL’s 18 best tourist destinations to visit. Nevertheless, the current economic crisis shows that in other sectors the domestic market has huge development potential, with a completely necessary restructuring of agriculture and industry.

  6. MODERN SOCIETY. This African country reached position number three in the United Nations Development Programme’s Human Development Index. The Standard of Living in Africa of the Economist Intelligence UNIT Index also ranked Cape Verde in third position. According to the ICT Development Index, the archipelago is in the top five African countries developing information and communications technology. The country has already developed an optical fibre network, an undersea inter-island cabling system, and satellite communications.

  7. SUCCESSFUL EXAMPLES. Companies such as HILTON, IBEROSTAR, RIU, PESTANA or TUI have chosen to invest in Cape Verde. Other companies may well be inspired to follow their path.

  8. ATTRACTIVE POLICY FOR INVESTMENTS. Cape Verde has adopted several measures that show its interest in attracting foreign investment, such as the creation of Tourist Development Zones, a Special Maritime Economic Zone on Saõ Vicente Island, or the possibility to sign specific establishment agreements with the government. In addition, there are some tax privileges for investors, such as a Single Tax exemption on assets used to acquire real estate for investment, a Stamp Tax exemption for financing contracting operations for investments, and custom duties exemption for specific goods.

  9. OPPORTUNITIES. There are sectors with great potential to be explored: Sustainable and Eco-tourism, Health and welfare tourism, Culture industry, heritage and historical tourism, gastronomy or  Water sports and cruises. Industries related to sea, such as: Bunkering and port handling, Construction and management of new deep water ports and cruise terminals, Fishing industry, Scientific and technological parks for sea and fisheries or Shipbuilding, repairs and maintenance. Further areas for investment include: Information technology outsourcing and software development, Application development for mobile devices, Web development, E-commerce services, multimedia and digital content, online training systems and animation or Renewable energy parks on most of the islands

  Cape Verde has adopted several measures that show its interest in attracting foreign investment, such as the creation of Tourist Development Zones, a Special Maritime Economic Zone on Saõ Vicente Island, or the possibility to sign specific establishment agreements with the government

  10. AFRICAN FREE TRADE AGREEMENT. The agreement establishing an African Continental Free Trade Area (AfCFTA) was launched in Kigali, Rwanda, in 2018.  Cape Verde was one of the 44 signatories.  On 30 May 2019, a month after the 22nd ratification, the AfCFTA entered into force.  Practical implementation was scheduled for 1 July, 2020, but the pandemic forced it to be postponed to the 1 January 2021.  With the AfCTA, doing business in Cape Verde opens the door to a market of 1.3 billion people across Africa, with a combined gross domestic product of $3.4 trillion.

  If you are interested in investing in Cape Verde and having access to consumers across Africa, these 10 reasons for doing business in the country should convince you to seize the opportunity!