Cape Verde
A group of islands in the North Atlantic Ocean, off the coast of West Africa and west of Senegal. Terrain is rocky, rugged and volcanic.
Climate: Temperate; warm, dry summers; little and erratic rainfall
Cape Verde location: For some time now mooted as great investment value, new developments are making the most of Government help thus golf courses and may other amenities are being built to high standards.
Although the natural terrain is somewhat barren, developers have invested heavily in planting and water features, which enhance projects, The weather is naturally benign throughout the year.
Capital city: Praia
Language: Portuguese, Crioulo (a blend of Portuguese and West African words)
Currency: The Cape Verde escudo (CVE)
Climate: Mild and warm all year round. The average temperature is approximately 25°C and changes do not exceed10°C.
Time zone: CVT (UTC-1) - Summer (DST) not observed (UTC-1)
Airports: 7, at Sao Vicente, Sao Nicolau, Sal, Boavista, Maio, Santiago
Buyer’s guide
Transfer Tax is charged at a flat rate of 3% of the property value and is paid prior to the signing of the deed of purchase and sale.
Holding Property / Annual Rates: This tax is charged at a flat rate of 3% on 25% of the value of the property and is paid annually every April (or in two installments in April and September).
Capital Gains Tax is taxed at a flat rate of 3%. Capital gains on plots for construction are taxable if their sale value exceeds a 100% increase of the value at which they were initially purchased. Capital gains on any other property sale are taxable if their sale value exceeds a 30% increase on the value at which they were initially purchased.
Inheritance/Gift Tax is taxed at a flat rate of 3% on the attributed value of the property.
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