Invest in CV Insitucional facts
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The Cape Verdean law is not discriminatory granting foreign investors the same treatment as national. It enshrines the freedom of establishment in all sectors of activity does not prohibit, except constitutional provision to the contrary, any sector to private initiative. The operation of the public may occur under a concession or another that does not involve the transfer of ownership of property to explore. Political stability, economic and exchange Cape Verde is governed by a democratic parliamentary system, with free elections by universal suffrage for the presidency, National Assembly and Local Government. The first elections were held in 1991 and all of them the next election was conducted in atmosphere of civility and respect for all political forces and the final results. The lack of ethnic and religious dominance of Christianity contributes to the absence of social conflicts. The economic indicators are stable contributing to the existence of this cooperation agreement with Portugal Exchange (click to view datasheet) fixing the exchange rate between the Euro and the Cape Verdean Escudo a ratio of 1 Euro to 110.265 ECV. Geographical position The location, considered strategic in the mid-Atlantic, equidistant from North America and South Africa, halfway between South America and Central Europe and served by sea and air career regular place in Cape Verde routes of access to key international markets . Preferential access to international markets Trade agreements that Cape Verde is a beneficiary allow you to conditions of preferential access to EU markets (Cotonou Agreement), ECOWAS (ECOWAS Treaty), U.S. (GSP and AGOA agreements) and Canada (New Initiative for Africa ). Hand-to-Work With an unemployment rate of around 20% (2008), a young population, educational level high, the appetite for technology, with a special ability and aptitude for learning the Human Resources of Cape Verde, its main asset, ensure the investor high availability and rates of Training and Productivity comparable to those achieved in developed economies. Infrastructure to attract Foreign Investment
Government Guarantees The existing legal framework and practice of the Cape Verdean system guarantees investors a high level of security. Principles such as:
are fundamental pillars of the institutional guarantees offered and confidence needed to achieve the investment. Additionally, and due to the Legal Framework to encourage investment (click to access additional information), are offered the following benefits: Tax and customs;
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