Cape Verde History, Politics, and Culture

Cabo Verde (or Cape Verde) is a former Portuguese colony, 500 km off the west coast of Africa, made up of 10 islands and five islets, all but three of which are mountainous. Part of its unfortunate history is that it was ideally situated for the Atlantic slave-trade which allowed the country to grow prosperous throughout the 16th and 17th centuries, attracting merchants and privateers.

Its modern history, however, is as a stable representative democracy, making it one of the most developed and democratic countries in Africa. Island geography means it also has a rich and varied wildlife unique to its territory. Native birds include Alexander’s swift , Bourne’s heron and the Cape Verde warbler. Reptiles include the Cape Verde giant gecko.

It has a population of around 550,000, composed mostly of mixed African, Moorish, Arab and European heritage, and predominantly Roman Catholic, reflecting the legacy of Portuguese rule.

2021
May 1Labour Day
June 1Children’s Day
July 5Independence Day
August 15Assumption of Mary
November 1All Saints’ Day
December 25Christmas Day
  • Limited Liability
  • Corporation
  • Partnership
  • Corporate Tax: 25%
  • Income Tax (Lowest Marginal Rate): 16.5%
  • Income Tax (Highest Marginal Rate): 27.5%
  • VAT/GST/Sales Tax: 15%
  • Banco Africano de Investimentos
  • Banco Cabo-Verdiano de Negócios
  • Banco Comercial do Atlântico
  • Banco Internacional de Cabo Verde
  • Banco Inter-Atlântico
  • Bank of Cape Verde
  • Caixa Económica de Cabo Verde
  • Ecobank
  • Novo Banco de Cabo Verde

Aadmi can support you with your expansion to Cape Verde. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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