Tax system in Cape Verde 

The state's competitive taxation can decide entrepreneurs and investors to create a company in Cape Verde in Praia, create a branch of a company in Cape Verde in Praia, create a subsidiary of a foreign company in Cape Verde in Praia. 

• Corporate tax and other charges in Cape Verde in Praia

Cape Verde VAT rate: 15% (standard rate).

The exempt transactions concern hospital and medical services, the education of children and young people, school or university education as well as the provision of services and goods which are closely related to them, the services of non-profit organizations, the sale of copyright or works of art by the original creator or his heirs, waste collection services, burial and cremation costs, banking, financial, insurance and reinsurance operations, transactions in real estate, certain basic foodstuffs and certain pharmaceutical products, goods used in agriculture, animal husbandry, forestry and fishing, etc.

Zero-rated items include: the importation of goods the supply of which qualifies for the exemption; services related to the importation of goods when the value of these services is included in the taxable amount; import of gold by the central bank; importation into ports by sea fishing companies of their catches, raw or after conservation with a view to their marketing but before their supply; the importation of goods under diplomatic and consular arrangements benefiting from exemption from customs duties; importation of goods for the bunkering and provision of seagoing vessels and aircraft; the supply, modification, repair, maintenance, charter and rental of aircraft used by airlines operating on both national and international routes, and the supply, rental, repair and maintenance of equipment incorporated or used therein; the provision of goods for the refueling and provision of such aircraft; services meeting the direct needs of such aircraft or their cargoes; etc.

Corporation tax: Corporation tax: 22%Additional surcharge: A municipal surcharge called “Taxa de Incêndio” is levied at the rate of 2% on the tax due. This surcharge is levied in the municipalities of Praia (island of Santiago) and Mindelo (island of São Vicente).
Special flat-rate tax (SST) for micro and small businesses: 4% of gross sales.
This tax is payable quarterly and is levied in lieu of corporation tax, VAT, the surcharge for firefighters and social security contributions.

Withholding taxes: Dividends: 0%, Interest: 20%, Royalties: 20%.

Social contributions paid by the employer: 16%

Bank account Company in Cape Verde in Praia

Many factors explain the arrival of foreign entrepreneurs in Cape Verde in Praia for the creation of their companies in Cape Verde in Praia, Creation of their company branches in Cape Verde in Praia, Creation of a company subsidiary in Cape Town -Green in Praia. The country's economic performance, the quality of the workforce in Cape Verde in Praia, and the infrastructures in Cape Verde in Praia are part of it. Finally, the banking sector also contributes to increasing the confidence of entrepreneurs in this economy of the Cape Verde Jurisdiction in Praia. This sector involves significant capital exchanges in which several large banking institutions take part. Open a company bank account in Cape Verde in Praia remains an excellent way to facilitate the management of a company in Cape Verde in Praia, Management of a branch of company in Cape Verde in Praia, Management of a subsidiary of company in Cape Verde in Praia and to benefit from several services.

Particularities of banking environment in Cape Verde in Praia

The banking sector in Cape Verde in Praia brings together cooperative banks in Cape Verde in Praia, public banks and commercial banks in Cape Verde in Praia. The joint activity of these different institutions enabled Cape Verde's economy to cope with the 2008 crisis. Cooperative banks are characterized by the fact that they belong to their clients in Cape Verde in Praia and in the world. All transactions are aimed at the profit of its owners. They mainly concern SMEs in Cape Verde in Praia. Public banks represent banking institutions in Cape Verde in Praia. Finally, the commercial banks constitute the private banks in Cape Verde at Praia. So for theopening of a company bank account in Cape Verde in Praia, the investor will have the choice between several professional banks depending on its activity or the city in which it is established.

Open a bank account Company in Cape Verde in Praia?

The entrepreneurs decide theopening of a company bank account in Cape Verde in Praia to optimize the management of their company in Cape Verde in Praia, Branch in Cape Verde in Praia, Subsidiary in Cape Verde in Praia. In addition to facilitating the management of the company in Cape Verde in Praia and preserving its heritage, a company bank account in Cape Verde in Praia includes other services. Since this is a company bank account in Cape Verde in Praia, local currency and foreign currency transactions are possible. Obviously, by connecting to the Internet, the holder will be able to ensure the remote administration of the company bank account in Cape Verde at Praia, Company branch bank account in Cape Verde at Praia, Company subsidiary bank account at Cape Verde to Praia. In other words, the foreign account is a online company bank account in Cape Verde in Praia.

Documents opening bank account Company in Cape Verde in Praia

Some formalities dictate theopening of a company bank account in Cape Verde in Praia, company branch in Cape Verde in Praia, Subsidiary company in Cape Verde in Praia. A bank will usually ask the investor for a copy of the passport or identity card and a proof of address and a bank reference letter for each partner and director. 

Company Accounting in Cape Verde in Praia

Fidulink offers its clients a business accounting service in Cape Verde in Praia, Company branch accounting in Cape Verde in Praia, Company subsidiary in Cape Verde in Praia, real daily support from an expert in cost accounting in Cape Verde in Praia. Companies in Cape Verde in Praia must keep up-to-date accounts throughout their existence. Our accountants are at your disposal for all inquiries concerning the accounting management of companies in Cape Verde in Praia. 

Accounting and Company Analysis in Cape Verde in Praia

Our firm offers its clients to keep their business accounts in Cape Verde in Praia up to date, with the advantage of having an accountant at your disposal from Monday to Friday from 9:00 to 19:00. Our Cape Verde accountants in Praia are at your disposal for the accounting management of your business in Cape Verde in Praia via MY OFFICE

A daily accounting service for your Cape Verde business in Praia

Because we know well that it is important to have a business accounting followed on a daily basis, our accounting department offers a complete formula of company accounting in Cape Verde in Praia for companies of all sizes and all activities. 

Tax exemption & offshoring company in Cape Verde in Praia

Fidulink offers a complete tax exemption and business relocation service in Cape Verde to Praia but also a complete tax optimization formula for the entrepreneur and company based in Cape Verde in Praia. Our lawyers and accountants in Cape Verde in Praia are at your disposal for all requests for the relocation of your company in Cape Verde to Praia, Relocation of your company branch in Cape Verde to Praia, Relocation of your company subsidiary in Cape Town -Green in Praia