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How a Company Can Become an Exporter in Cabo Verde

Cabo Verde, due to its strategic location in the Atlantic and its favorable legal framework for international trade, offers attractive conditions for companies wishing to develop export activities. The country established the Cabo Verde International Business Centre (CIN-CV), regulated by Decree-Law No. 57/2017, as a key instrument to boost the private sector and attract foreign investment. Below, we present the main steps and advantages for companies that want to become exporters in Cabo Verde.

--->   TradeInvest -----Cabo Verde Investment and Export Promotion Agency
--->  The Difference Between Balcão Único do Investidor (BUI) and Empresa no Dia

Choosing the Framework within TradeInvet - CIN-CV

Companies interested in exporting can apply for a license within TradeInvest - CIN-CV, which organizes activities into three main areas:

  • International Industrial Centre (IIC): for industrial operations;

  • International Trade Centre (ITC): for commercial activities;

  • International Service Centre (ISC): for export-oriented service activities.

This classification allows companies to clearly define their main activity and operate within the specific tax and customs regime.

Tax Benefits for Exporters

One of the major attractions of CIN-CV is its fiscal incentives. Licensed companies benefit from reduced Corporate Income Tax (IRPC) rates, which vary according to the number of employees:

  • 5% for entities with 5 or more employees;

  • 3.5% for entities with 20 or more employees;

  • 2.5% for entities with 50 or more employees.

For service providers, having just two employees is enough to qualify for the reduced 2.5% rate. In addition, shareholders of these companies may benefit from exemptions on dividends and interest, as long as profits have been taxed under the CIN-CV regime.

see also---->  Cabo Verde special economic zones ZDTI

Customs and Logistical Benefits

Another important advantage is the exemption from customs duties on the import of goods, products, and raw materials required for business activities. This regime facilitates production and exports, making Cabo Verde more competitive in international markets.

Licensing Process

To start export activities through CIN-CV, companies must obtain a license from Cabo Verde TradeInvest. The application can be submitted by the applicant in their own name, on behalf of a company to be established, or on behalf of a branch to be registered. The process is simplified through dedicated forms made available by the agency.

summary

Becoming an exporter in Cabo Verde is a viable and strategic opportunity for companies aiming to expand their international presence. The CIN-CV framework offers tax, customs, and competitiveness advantages, allowing companies to reduce costs, attract investment, and position themselves as relevant players in international trade. With proper preparation and institutional support, Cabo Verde can serve as a privileged platform for exports to Africa, Europe, and the Americas.