If you're part of the Cape Verdean emigrant community, you certainly feel the desire to contribute to the development of your homeland. The dream of setting up a business, supporting your family or securing a financial future in the country is common. However, distance and the lack of up-to-date information often generate fears. How is the market? Is it worth the risk? What are the rules?<\/p>\n\n\n\n
Based on the latest Rota de Neg\u00f3cios report, we've put together a practical analysis to help you navigate this scenario safely. Cape Verde is going through a time of economic transformation that brings challenges, but also real opportunities for those with capital and expertise from abroad.<\/p>\n\n\n\n
Before talking about business, it's essential to look at the figures. The country is on a positive trajectory. The International Monetary Fund projects that Gross Domestic Product (GDP) growth will increase to 4.8% from 2026. In the second quarter of 2025 alone, the economy grew by 6.2%, fuelled by tourism, construction and fishing.<\/p>\n\n\n\n
For those who invest, this means stability. Inflation is under control, forecast at just 1.7% in 2026. This allows for smoother financial planning, without the risk of seeing profits eaten up by currency devaluation or prices. The euro exchange rate remains stable, which is excellent for those bringing foreign currency from Europe.<\/p>\n\n\n\n
One of the most promising areas today is green energy. Cape Verde wants to be an example in sustainability and has already exceeded the target of having 30% of renewable energy by 2026. The goal is now ambitious. To reach 50% by 2030.<\/p>\n\n\n\n
These aren't just good government intentions. These are concrete deals. There are 18 renewable energy projects underway, representing an estimated total investment of 520 million euros by 2030. Of this, around 280 million will be invested by the private sector.<\/p>\n\n\n\n
For the diaspora, this opens doors to areas such as:<\/p>\n\n\n\n
What's more, this transition is already having a direct impact on companies' costs. For the second year in a row, the electricity tariff has fallen by 7%, which means that today you pay 27% less for electricity than you would in 2024. Fewer fixed costs mean a higher profit margin for your business.<\/p>\n\n\n\n
If there are any areas that make diaspora investors anxious, it's bureaucracy and taxes. Here's some good news and some things to watch out for.<\/p>\n\n\n\n
The good news is that the State Budget for 2026 has lowered the general rate of Corporation Tax (IRC) from 21% to 20%. The government wants to make the country more competitive and even admits to lowering the rate even further in the coming years. This puts more money in your account at the end of the year to reinvest.<\/p>\n\n\n\n
Be careful with invoicing. Mandatory electronic invoicing with a QR Code has come into force. All tax documents must have a unique code and be processed by software certified by the Directorate-General for Taxes.<\/p>\n\n\n\n
This is a critical change. If you're thinking of starting a business or already have one, it's essential to ensure that your software is authorised. Failure to comply can result in heavy fines and the invalidation of your invoices, which can cause huge headaches with the tax authorities.<\/p>\n\n\n\n
When setting up businesses in Cape Verde, you need to be aware of labour costs. The national minimum wage in the private sector has been set at 17,000 escudos (around 154 euros) since January 2025.<\/p>\n\n\n\n
However, the government has already warned that the target is to reach 226 euros by 2027. This represents an increase of 33% on the current figure. If you're investing now, do the maths including this forecast growth in wage costs. Also, remember that companies have to contribute 24.5% to the INPS (16% from the company and 8.5% from the worker).<\/p>\n\n\n\n
Another important point is labour law. The new Basic Law on Public Employment, although focused on the state, influences the private market. It introduces 90-day maternity leave, parental leave and teleworking. To attract the best talent in Cape Verde, your private company should consider offering similar conditions, including the possibility of remote or mixed work.<\/p>\n\n\n\n
Against this backdrop of opportunities and complexities, trying to manage everything remotely can be risky. And this is where S&D Consultoria, Lda. makes a difference.<\/p>\n\n\n\n
We understand emigrants' pain. We know that you can't be there in person sorting out paperwork at the General Directorate of Contributions and Taxes or negotiating with banks. Our mission is to be your bridge to Cape Verde, ensuring that your investment is safe and optimised.<\/p>\n\n\n\n
We can help you in several crucial areas:<\/p>\n\n\n\n
Tax Consultancy and Compliance<\/strong> Business Viability and Strategy<\/strong> Support for access to finance<\/strong> Human Resources Management<\/strong> Investing in Cape Verde is no longer just an act of love for one's country, but a smart business decision. With GDP growing, inflation under control and new opportunities in green energy, the timing is favourable.<\/p>\n\n\n\n Don't let bureaucracy or lack of information stop you from realising your dream. A S&D Consultancy, Lda<\/a>. is ready to welcome you, listen to your project and put it into practice with all the security and professionalism that the Cape Verdean market demands.<\/p>\n\n\n\n Contact us today and find out how we can turn your capital into an engine of development for you and for Cape Verde.<\/p>\n\n\n\n
We make sure that your company complies with the law regarding the new electronic invoicing. We help you choose and implement DGCI-certified software, avoiding fines and tax problems. We also ensure that you take advantage of the reduction in corporate income tax and other tax benefits available.<\/p>\n\n\n\n
We analyse your project, whether in the renewable energy sector or elsewhere, based on current macroeconomic data. If you want to invest in the 520 million euros earmarked for the green sector, we'll help you find the best market niche.<\/p>\n\n\n\n
We know that money is essential. There are mechanisms such as Pr\u00f3-Garantee, which has already granted guarantees to companies with the Business Excellence Seal, mobilising millions in credit. S&D Consultoria supports you in preparing applications and organising bank documentation to increase your chances of success.<\/p>\n\n\n\n
We help you structure personnel budgets, forecast salary increases until 2027 and correctly calculate INPS charges. We ensure that your employment contract complies with current law.<\/p>\n\n\n\nThe next step<\/h2>\n\n\n\n
Check out the full guide here:<\/h2>\n\n\n\n