How to get Cape Verde Digital Nomad Visa

Cape Verde’s Remote Work Visa for Tax-Smart Entrepreneurs

Cape Verde, an archipelago of 10 volcanic islands situated in the Atlantic Ocean, is emerging as an attractive base for remote professionals. Its unique blend of remote island tranquility and proximity to Europe, with direct flights in under six hours, is highly appealing. The culture of Cape Verde is a lively mix of West African and Portuguese influences, reflected in its language, music, and cuisine. For high-net-worth individuals, entrepreneurs, business owners, digital nomads, and IT professionals, the nation’s political stability and low cost of living, combined with significant tax advantages, make it a strong option for tax optimization and relocation.

Cape Verde’s Digital Nomad Visa

Cape Verde’s Digital Nomad Visa, officially called the Remote Working Program, is designed for remote workers and freelancers earning income from outside the country. The application process is straightforward and typically takes about two weeks. Applicants apply online through the official website. The visa is available to citizens of Europe, North America, and specific regional blocs, allowing a wide range of global talent to apply.

Cape Verde Remote Visa Program

Duration, Costs, and Financial Incentives

The Remote Working Program is valid for an initial six months and can be renewed for an additional six months, totaling up to one year. The visa costs are minimal- a small processing fee is paid online, along with a modest airport fee upon arrival. One of the most significant benefits for digital nomads is the 0% tax rate on foreign income for the duration of the visa. This creates a major tax saving opportunity, especially for high-income earners, and is particularly appealing to entrepreneurs looking to shelter passive or professional income.

Cape Verde Remote Visa Eligibility and Residency

To qualify for this visa, individuals must demonstrate a stable financial standing. Applicants must show an average bank balance of €1,500 over the previous six months (€2,700 for families). Required documents include a valid passport, proof of international health insurance, proof of accommodation, and a clean criminal record. It is important to note that the visa does not establish tax residency in Cape Verde; therefore, you must still manage any tax obligations you may have in your home country, making expert tax migration planning essential.

Special Tax Considerations for Entrepreneurs

While the Remote Working Program offers a 0% tax rate on foreign income for digital nomads, entrepreneurs aiming to establish a business locally should consider Cape Verde’s other Tax Structure rules. The standard corporate tax rate is 21%, plus a 2% local surcharge. However, the government offers appealing incentives to foreign investors in priority sectors like tourism, renewable energy, and fisheries. Small companies may be eligible for a 4% Single Special Tax (SST) instead of the standard corporate income tax and VAT, which is a substantial saving.

Substantial Tax Savings for the Wealthy

For a wealthy entrepreneur with a diversified portfolio of foreign investments, the tax savings under the Remote Working Program can be significant. By establishing temporary residence here, a business owner would pay 0% capital gains and withholding taxes on that foreign-sourced income for the duration of their visa. This is a considerable benefit for those seeking to protect and grow their wealth. Additionally, spending up to one year in Cape Verde allows entrepreneurs to enjoy a high quality of life with a low cost of living while potentially reducing their global tax burden.

Beyond the tax benefits, Cape Verde offers a unique environment for wealthy entrepreneurs. Its strategic location makes it a potential gateway to the broader African market. The government has created a favorable business climate, actively seeking foreign investment through streamlined processes and incentive programs. Entrepreneurs can capitalize on growing sectors like tourism, real estate, and renewable energy, which benefit from the country’s abundant sunshine and wind. Its commitment to sustainable development and access to the regional ECOWAS market make it an intriguing proposition for global expansion.

Potential Risks and Diligence

Cape Verde is a developing nation. While the country is politically stable, any relocation involves specific risks. Medical facilities and infrastructure outside the main towns may be limited. Consequently, securing robust international health insurance that includes emergency evacuation is highly recommended. Individuals should perform thorough due diligence on local business regulations and customs. However, the reward of stable governance and significant tax savings often makes the logistical complexities worthwhile.

How We Can Help You

Understanding the specific requirements of the Remote Working Program and how to structure your business to maximize tax benefits requires expert support. We can provide you with guidance on Tax Structure and Tax Migration. We will help you assess your eligibility for the 0% tax incentive and manage the entire application process, ensuring compliance with local laws. Our services are designed to help high-net-worth individuals make informed decisions about their tax optimization and global mobility.

Take the First Step Towards Tax Freedom with Reloc8 Online

If you are a high-net-worth individual, entrepreneur, business owner, digital nomad, or IT professional looking to combine an attractive lifestyle with clear tax savings, Cape Verde is a compelling option. We can help you build custom strategies to protect your wealth and achieve your global mobility goals. Optimize your tax strategy and redefine your international presence. Start Your Journey Today. Right Place, Right Tax, Right Now. Book a Consultation to explore how Cape Verde can benefit you.

Book a Consultation with Reloc8 Online today and begin your journey to a tax-optimized future. Start Your Journey Today and unlock the potential of global mobility with Reloc8 Online. Optimize Your Tax Strategy Now with the expert guidance of Reloc8 Online.

Right Place, Right Tax, Right Now!

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