As the Cape Verdean government is actively encouraging foreign investment as a way of bolstering the economy, there are very few restrictions on foreigners owning Cape Verde property. In fact, there are a number of incentives offered to potential buyers, such as an initial five-year tax break and exemption from import duty if a property is being created for tourism purposes.

When looking for a Property for sale in Cape Verde, also remember the following:

Cape Verde Annual Property Rates - This is set at a flat rate of 3% on 25% of the attributed Cape Verde property value. These rates are paid annually in April, but you may also pay them in two instalments, in April and September of each year.

Cape Verde Property Capital Gains Tax - Capital gains on plots of Cape Verde land used for construction are taxable if their sale value exceeds a 100% increase on the value at which they were initially purchased and is set at a flat rate of 3%.

Capital gains on any other property are taxable if their sale value exceeds a 30% increase on the value at which they were initially purchased and is set at a flat rate of 3%..

In both cases this tax should be paid within 30 days of the Cape Verde Property Sales Deed and you also need to submit a Cape Verde Capital Gains statement, called a "Declaracao de mais valias"

Cape Verde Property Inheritance/Gift Tax - Any Cape Verde property ownership that is transferred either by an inheritance or by gift is taxed at a flat rate of 3% of the property value.