Frequently Asked Questions

Can foreigners legally buy property in Cape Verde?

Yes, foreigners can legally buy property in Cape Verde. There are no restrictions on foreign property ownership.

Do I need a special structure like a trust or corporation to buy property in Cape Verde?

No, you do not need a special structure like a trust or corporation to buy property in Cape Verde. You can buy it as an individual.

Do I own the property outright as a foreigner in Cape Verde?

Yes, as a foreigner, when you buy a property in Cape Verde, you own it outright. There are no limitations on property rights for foreigners.

What are the closing costs and taxes when buying property in Cape Verde?

The closing costs and taxes when buying a property in Cape Verde are around 10% of the property value. This includes the property transfer tax, stamp duty, and notary and registration fees.

Do I need to hire a lawyer when buying property in Cape Verde?

Although it's not mandatory, it is advisable to hire a lawyer when buying property in Cape Verde. A lawyer can help ensure all legal procedures are correctly followed and protect your interests.

Can I get a mortgage in Cape Verde as a foreigner?

Yes, it is possible to get a mortgage in Cape Verde as a foreigner, but the process can be more complicated. You may need to provide additional documentation and meet specific requirements.

Are there annual property taxes in Cape Verde?

Yes, there are annual property taxes in Cape Verde. The tax rate varies depending on the location and value of the property.

Can I rent out my property in Cape Verde for income?

Yes, you can rent out your property in Cape Verde. The country has a thriving tourist industry, and rental properties are in high demand.

Is the buying process safe and transparent in Cape Verde?

Yes, the buying process in Cape Verde is considered safe and transparent. However, like any property purchase, it is recommended to conduct thorough research and, if possible, seek legal advice.

Do I get residency or visa benefits by buying property in Cape Verde?

No, buying property in Cape Verde does not automatically grant you residency or visa benefits. However, it can make the process of obtaining a residence permit smoother.