Cape Verde Tours & Properties

VISIT AND INVEST IN CAPE VERDE ISLANDS

Property Purchasing Taxes:

Notary Fees, Registration fees and stamp duty usually add up to about 2.5% of attributed value. 2) Transfer Tax is 3%.

A total of 5.5% – 6% of attributed value.

Capital Gains Tax:

The tax rate is 3% on individuals and 15% for companies.

Annual Holding Tax:

3% of 25% (0.75%) of the attributed value paid annually.

Tax on Income from Rent:

20% on profits after allowable expenses.

Tax and Allowance for Developers:

(Only for tourist villages or hotel developments)

Tax free for first 5 years. 50% of Corporation Tax for the following 10 years. Exemption needs to be applied for.

Inheritance Tax:

3% on death or disposal.

Loan to Value

50-70% depending upon status

Term

30 years maximum

Minimum Loan

30,000 Euros

Valuation Fee

Depends on location/property

Remortgage

On case by case basis

Self Build (owning land)

On case by case basis

Life Cover

Recommended

Buildings Insurance

Required