WHY INVEST IN CAPE VERDE

ECONOMIC AND POLITICAL ASSETS

Growth

The development of tourism with an acceleration over the last 3 years to reach almost 1 million visitors in 2019 just before the pandemic leads to all sectors of the economy upwards including that of construction

Legislation

Full ownership of land and buildings (as opposed to English law) is guaranteed as well as the return of funds for foreigners.

The acquisition of conditional good gives the right to obtain a resident title.

Taxation

Property taxes: 0.34% of the purchase value.

Purchase transaction taxes: 1.5%

Sales tax: 1% of the transaction value

Capital gains tax: 1.5%

Stability

The country has been rewarded by the IMF and the UN for its good governance, its stability and its democratic practices, which are at the top of the African countries.

ADVANTAGES OF PLEASURES

Weather

Annual sunshine, little rain concentrated in August-September

Air temperatures from 22 to 29 – Water temperatures from 20 to 27

Activities

Fishing; surf casting, trolling, marlin, barracuda, tuna – Scuba diving – surfing – windsurfing – hiking – quad bike

Landscapes

Turquoise sea, white sand beach, palm trees, coconut palms, reliefs, turtles, dolphins, whales …

Culture

Music as a way of life, carnival, pottery, painting, crafts

AND INVESTING MORE PARTICULARLY IN MAIO

Maio is the quiet island characterized by its authenticity and the friendliness of the people. It is to live, to bathe as soon as you wake up, after the nap, to play in the waves, to walk, to tread the sand of its beaches, to travel the tracks from north to south and from east to west to meet locals, fishermen, to please the eyes, have a drink while watching young people play football on the beach against the backdrop of the setting sun, feasting on fresh fish and grilled lobster … a heavenly atmosphere.

ADVANTAGES OF PLEASURES

Trek

  • Hikes for beginners or enthusiasts from 2 to 8 hours, with or without a guide, through villages, agricultural gardens, mountains and valleys.
  • The opportunity to taste grog, goat cheese, discover artisans, breeder and farmers.

Surf - Windsurf

  • About 6 almost virgin spots on the island rocked by the trade winds from October to May.
  • Wind and waves, small regular, 2 meters high, lefts, rights.
  • For kitesurfing, bodyboarding, surfing, paddle boarding or kayaking.

Fishing - Diving

  • Abundant wildlife: shore fishing (sea urchin, rickshaw), surfcasting, jiggling, trolling, shark (catch and release). Several operators available.
  • Dive sites: drop off, cave, wrecks, shark, vegetation.

Photography

  • The pleasure of flamboyant green-yellow colors, blue, brown and breathtaking lights, reliefs, flat, dunes, rock.
  • A population that likes to be photographed on a daily basis.

34 beaches

  • White sand and turquoise water or black sand, desert, small nestled in a cove or several kilometers long, rough or calm … There is something for everyone and plenty of choice for all occasions.

Quad - 4x4

  • Possibility of group excursion or 4×4 car or quad bike rental.
  • Island tour during the day, diversified experiences interspersed with poses and picnic.

Turtles

  • Turtles lay eggs from July to September.
  • Hatching from September to November.

Whales

  • Dolphins visible all year round from the coast.
  • Whales are visible mainly from February to April.

ECONOMIC ASSETS

Harbour

  • Expected delivery 06/2022.
  • Loading ramp for vehicles.
  • Real port facility with boarding lounge.
  • Maio, Cape Verde maritime hub.

Connections

  • Acquisition of a new faster boat.
  • Praia just 45 minutes by boat.
  • Ease of procurement with Praia.
  • Greater tourism potential.

Prospects

  • Development of a 3,000-bed tourist residence on an area of 500 hectares for a budget of 550M €.
  • Footprint rate limited to 8% for a quality achievement.

ECOLOGY

  • Maio was classified in 2020 as a “World Biosphere Reserve” by UNESCO, imposing ecological responsibility on it in decision-making but also providing it with a quality label for its future development.

Airport

  • The principle of the construction of an international airport was validated by the Council of Ministers in 12/2020.
  • Possibility of direct flights with Europe.

GOODWILL

  • Prices still widely accessible.
  • Influx of new investors increasing the supply of services and businesses

EU COOPERATION

  • Multi-year European financing plan for specific development aid for Maio: training, business creation and installation.
  • Structural financing: doubling of the production capacity of drinking water supplied by solar energy, new power station, creation of the sewerage system, treatment plant, landfill.

PROPERTY SHORTAGE – SALE & RENTAL

GROWING DEMAND

  • Growing demand with acceleration before COVID
  • Increase in the purchasing power of nationals
  • National tourism on the rise
  • Improved transport
  • Supply failing in the very short term

INSUFFICIENT OFFER

  • A more demanding clientele
  • More open spaces
  • Birth of a family request

OUR STRATEGY

  • Imo-Maio needs to build up a catalog of at least 20 seasonal rentals in the short term
  • We have few products to meet a diverse demand for quality and availability
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