Cape Verde: Cape Verde offers good conditions for investors Cabo Verde Investimentos says

29 May 2008

Praia, Cape Verde, 29 May – Political and economic stability, a privileged geographic location and a labour force that guarantees a high level of productivity, after training, are some of the reasons given by the chairman of Cabo Verde Investimentos (CVI) to invest in the Cape Verdean archipelago.

Alexandre Fontes, who was speaking at the 4th Meeting of Businesspeople for Economic and Trade Cooperation between China and the Portuguese-speaking Countries, also said that Cape Verde had competitive facilities such as international ports and airports and good communications technology.

In his presentation of investment opportunities on the archipelago, Fontes noted, amongst others, the fishing, agriculture, small industry, transport and services sectors.

Fontes also noted the government’s aim of developing the private sector, to encourage and promotes foreign investment, creating a number of legal tools to encourage national and foreign investors, and to set up companies in Cape Verde.

The chairman of Cabo Verde Investimentos (CVI) also mentioned that products from Cape Verde had preferential access conditions to the markets of the European Union, ECOWAS, the United States and Japan, via conventions and treaties that allow it to reach over 500 million consumers.

Fontes also said that Cape Verde guaranteed non-discrimination against foreign investors, as well as the security and protection of the assets and rights.

“Foreign investors also have the guarantee of being able to transfer out of the country all currency amounts to which they legally have a right as a result of their properly registered foreign investment operations,” he said. (macauhub)