Relocation intelligence
🇨🇻 Moving to Cape Verde: tax, residency and cost of living
Cape Verde levies progressive income tax rising to 27.5%, plus about 8.5% INPS contribution. The effective burden on an income worth roughly EUR 54,000 is around 31%. Corporate tax is 22% and VAT 15%. The escudo is pegged to the euro, which removes exchange-rate risk. The Atlantic archipelago is stable and safe, with a growing tourism economy, but faces high import costs and limited natural resources.
Thinking of moving to Cape Verde? Here is the tax, residency, property and quality-of-life picture in plain numbers, with sources.
Key facts
- Top income tax
- 27.5%
- Corporate tax
- 22%
- Capital gains
- 10%
- Wealth tax
- No
- Inheritance tax
- No
- Cost of living index
- 45
- Safety
- 4/10
- Internet quality
- 3/10
- Visa-free destinations
- 75
- Foreigners can own property
- Yes
- Residency in
- 6 months
- Citizenship in
- 5 years
Taxes
Progressive income tax up to 27.5% plus about 8.5% INPS, effectively around 31% at EUR 54,000. Corporate tax 22%, VAT 15%.
Residency and visas
Residence and work are accessible, and stability, safety and the euro peg make Cape Verde attractive for European settlement.
Property ownership
Foreigners can generally acquire property and the market is relatively accessible for Europeans.
Cost of living and quality of life
Cape Verde is stable, safe and sunny with a growing tourism economy, but faces high import costs and water scarcity.
Passport and mobility
The Cape Verdean passport gives visa-free access to about 75 destinations, reasonably strong for the region.
Why people move to Cape Verde
Euro-pegged escudo
The escudo is pegged to the euro, so there is no exchange-rate risk for those coming from the eurozone.
Stable, safe and sunny
Cape Verde is one of Africa's most stable and safe countries, with a pleasant climate and growing tourism.
Honest trade-offs
- Kaapverdie kent hoge invoerkosten, waterschaarste en beperkte natuurlijke hulpbronnen door de ligging als eilandengroep.
- Het toptarief bedraagt 27,5% en de effectieve druk ligt rond de 31% inclusief INPS-premie bij een westers inkomen.
- De economie is sterk afhankelijk van toerisme en invoer, wat haar gevoelig maakt voor externe schokken.
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