residency permit

Residency Permits for foreign nationals

The parliament in Cape Verde has passed a act of parliament that will enable the granting of permanent residency permits to foreign owners of homes in the country. These permits will mean that owners will be given priority at the offices of the Foreign and Borders Service. Such priorities will also include a spouse and children aged under 14.

These Residency Permits will apply to properties costing over €80,000 in towns where the Gross Domestic Product is below the national average. In towns where the GDP is higher than the national average, it will apply to properties costing over €120,000.

The same bill also gives some exemptions from the Single Property Tax on the relevant properties. Retired people living in Cape Verde, but with income from elsewhere, will also receive some tax exemptions.

china capital airlines

Flight connections between Cape Verde and China?

Cape Verde and China have been in discussions about the possibility of an air transport agreement between the two countries. If such an agreement is formulated it will allow both TACV and China’s Capital Airlines to fly between the two countries.

Luís Filipe Tavares, Foreign Affairs minister has stated that this agreement could be completed by the middle of 2018.

This latest potential agreement between the two counties is just one of several other areas of cooperation, such as defence and port security.

visitor visa

European visitors will no longer need Cape Verde Visas

Visitors from Europe will no longer be required to purchase Cape Verde visas when visiting the country. The Cape Verde government is attempting to boost tourism to the islands.

This exemption is expected to start in 2018. The policies also include the improved management of the airports and increasing the growing of crops for exportation. Tourism is a major part of the Cape Verde economy, but the government is anxious to diversify the economy.

The Prime Minister, Ulisses Correia e Silva made this announcement. He also announced the intention to implement financial measures as a stimulus for investment in the country. Residency incentives are also to be included.





cape verde desert

EU climate change funding for Cape Verde

President Trump may deny climate change, but Cape Verde recognises the risk to the country and to the planet if we do not tackle this issue. The Cape Verde Government and the EU have recently signed a European Funding agreement worth €5m for the project ‘Reinforcing the Capacities and Resilience of the Forestry Sector in Cape Verde’. The principal aim of the project is to improve Cape Verde’s ability to resist the effects of climate change, which is increasing the extent of the desert areas; it will do this by encouraging reforestation and reinforcement of existing forests.

binter cv plane

Binter CV taking over internal flights from TACV

It has been announced by the Cape Verde Economy Minster, José Gonçalves that on 1 August 2017 TACV, the Cape Verdean national airline, will cease to operate domestic flights within Cape Verde; Binter CV will be flying between all internal airports from mid-June. The Cape Verdean government has bought a 49% share in Binter CV, and these shares will eventually be available for sale.

tacv plane

What is the future for the TACV airline?

It has been reported that the Cape Verde government will cease to subsidise TACV the country’s airline. TACV reported losses of €35m in 2015 and €17m in 2016. The Cape Verde parliament is also being requested to approve a re-structuring plan for the airline. The re-structuring plan seeks to increase the market value of the company. TACV is no longer the only airline operating within Cape Verde, now that Binter CV has commenced internal flights, which within the next month will include all the islands with airports.

maio little beach

Cape Verde support from United Nations

The United Nations and the Cape Verdean Government have signed a working document for 2017 that will bring aid to Cape Verde in the order of US$16.6m. This is the concluding payment of a five year aid programme that was originally formed in 2012. The programme is intended to promote a number of areas including health, education, employment, justice and fisheries. All aimed at reducing poverty and reinforcing institutions, democracy and reducing inequality.