Why+Invest+in+Cape+Verde and its peopple.pptx

Motivos para investir em Cabo Verde

1. Helder Gomes: w21161311005 Paulo Correia: w21161311002 Invest in Cape Verde

2. Contents Introduction Reasons to Invest in Cape Verde Status for Foreign Investor Incentives to Specific Sectors Business Sectors to Invest SWOT Analysis Investment treaties

3. Introduction of Cabo Verde Islands

4. Area • Total _ 4,033 km2 • Ocean _ 58,000 km2 Population • 2015 estimate _ 525,000 • Density _ 123.7/km2 Natural Resources Sea and white sand, marine resources wind energy, solar energy, pozzolana, salt. Currency Cabo Verdean Escudo (CVE) 1 Yuan = 15 CVE Tourism Contributed for 25% of GDP 400,000 visitors (2015) 500,000 visitors (2016) Visitors are mainly the European market: UK, Italy, Portugal, France, Germany. GDP 2016 estimate • Total _ $1.747 billion • Per capita _ $3,287 Introduction of Cabo Verde Islands

5. Introduction of Cabo Verde Islands

6. Diverse Sector Share of GDP

7. M ains reasons to Invest in Cabo Verde Geographical position. The quality of democracy and good governance is recognized in the world's top rankings, including freedom, democracy and competitiveness(2016): Cabo Verde is a first-rate country in terms of civil and political freedom, being the most free in Africa (Freedom House); Ranking the 3th position related to good governance in Africa (Mo Ibrahim foundation ); Cabo Verde ranking 23th position in the index of democracy and 1st in the “ Lusophony ”. ( index of democracy).

8. Cont. D Cabo Verde Had a global ranking of 57th related to economic freedom and occupied the 3th position in Africa. ( Herigate Foudantion ).; E. Figure in the 2th place of the best ethical tourism destination (The World’s Ten Best Ethical Destinations ); F. it is in the top 20 world largest economic reformers in the last two decades. ( Herigate Foudantion );

9. Cont. G. It is the top 10 of the best African innovators (WIPO) and is included in the list of the most dynamic countries in the world in the promotion of the ICT (World in the Global Information and Communication Technologies Development Index). 97 th G. Offers numerous opportunities of investment.

10. Status of foreign investor Government guarantees: non-discrimination fair and equal treatment of investors security and protection of goods and rights ability to transfer funds in foreign currency in respect of all amounts to which an investor is entitled free opening of and transfers from foreign currency bank accounts ability to recruit foreign personnel.

11. Status of foreign investor General incentives for foreign investments: exemption from taxation of dividends and profits distributed during a period of five years exemption from taxation of principal and interest payments relating to the foreign investments fixed tax rate (tax rate of 10% after the sixth year of activity) without prejudice to more advantageous conditions that may apply as a result of bilateral taxation treaties between Cape Verde and the country of residence of the investor.

12. Incentives to specific sectors: Can be given the status of the utility tourist accommodation establishments, tourist villages, developments in cultural and sporting activities and, in some cases, to travel agencies and tourism . Tax Incentives : total exemption from taxes and fees during the first 5 years of activity; 50 % reduction in the building and industrial contribution in the next 10 years; exemption from transfer tax and taxes on inheritance and gifts; deductions of reinvested earnings and spending on training national staff of Cape Verde. Customs incentives: Exemption on import of construction materials, boating and other necessary tools and utensils will install developments of cultural and sporting activities.

13. Business Sectors to Invest Tourism Sector Rest Tourism (beach and sun, residential, health, Spas) Cultural Tourism Tourism in the Nature (sport fishing, marine sports, beach sports…) Fishing Sector Transport Sector Energy Sector

14. SWOT Analysis Strengths Tourism potential Fisheries resources Efficient banking and telecommunications service sectors Political stability Quality of governance Weakness High level of public debt Poor transport Infrastructure Food and energy wholly imported Dependence on international aid, the diaspora and tourism High unemployment (12%, 28% among young people) Opportunities Growing economy; Possibility of development of ecologic tourism; Openness to new markets Attractive Tax Policies; Threats Tourism accounts for about one quarter of GDP International Economic Crises Strong economic exposure vis-à-vis international markets Corruption

15. Investment treaties Angola Austria China Cuba Germany Italy Netherlands Portugal Switzerland

16. Obrigado!