Doing Business with Cabo Verde

Exporting to Cabo Verde involves several steps to ensure compliance with local regulations. Here’s a detailed guide:

1. Conduct Market Research

   • Analyze demand for your product in Cabo Verde.
   • Identify potential competitors and market entry strategies.

2. Verify Product Compliance

   • Ensure your product meets Cabo Verde’s standards and regulations.
   • Contact the Cabo Verdean Institute for Quality and Intellectual Property for guidance.

3. Understand Tariffs and Taxes

   • Check applicable import duties and taxes for your goods.
4. Arrange Logistics and Shipping
   • Choose a reliable shipping company familiar with West African logistics.
   • Ensure all shipping documents are accurately completed.

5. Prepare Documentation

   • Include commercial invoices, packing lists, certificates of origin, and any necessary permits.
   • Verify compliance with Cabo Verde customs requirements.

6. Customs Clearance

   • Work with a customs broker to facilitate the clearance process.
   • Pay any duties and taxes required for the import.

7. Distribution and Sales

   • Establish distribution channels within Cabo Verde.
   • Consider partnerships with local businesses for effective market penetration.

Key Contacts

• Cabo Verdean Institute for Quality and Intellectual Property
  • Website: igqpi.cv

Importing goods into Cabo Verde involves several steps to ensure compliance with local regulations. Here’s a detailed guide:

Step-by-Step Guide

1. Register Your Business

   • Ensure your business is registered and obtain a tax identification number.

2. Verify Import Regulations

   • Familiarize yourself with Cabo Verde’s import regulations.
   • Contact the Cabo Verde Customs Directorate for guidance.

3. Classify Your Goods

   • Use the Harmonized System (HS) codes to classify your goods accurately.

4. Check Tariffs and Taxes

   • Identify applicable import duties and taxes for your goods.

5. Obtain Necessary Licenses and Permits

   • Determine if special licenses or permits are needed for your goods.
   • Apply through relevant Cabo Verdean authorities if required.

6. Arrange Logistics and Shipping

   • Select a reputable shipping company.
   • Ensure all shipping documents are accurately completed.

7. Prepare Import Documentation

   • Include commercial invoices, packing lists, and certificates of origin.
   • Ensure compliance with Cabo Verde customs requirements.

8. Customs Clearance

   • Work with a customs broker to facilitate the clearance process.
   • Pay any duties and taxes required for the import.

9. Receive and Distribute Goods

   • Arrange for the delivery and distribution of goods upon clearance.
   • Set up local partnerships if needed.

Key Contacts

• Cabo Verde Customs Directorate
  • Website: financas.gov.cv

Incorporating a company in Cabo Verde involves several key steps. Here’s a detailed guide:

1. Choose a Business Structure

   • Decide on the type of company, such as a limited liability company (LLC).

2. Register a Company Name

   • Check the availability of your desired company name.
   • Reserve the name with the Commercial Registry.

3. Prepare Incorporation Documents

   • Draft the Articles of Association.
   • Include details of shareholders, directors, and company address.

4. Open a Bank Account

   • Open a corporate bank account in Cabo Verde.
   • Deposit the minimum share capital required.

5. Submit Incorporation Application

   • File the application with the Commercial Registry.
   • Include necessary documents and identification.

6. Pay Registration Fees

   • Fees vary depending on the company type; check with the Commercial Registry for specifics.

7. Register for Taxation

   • Register for taxes with the Directorate General of Contributions and Taxes.

8. Obtain Necessary Licenses

   • Apply for any industry-specific licenses if required.

Costs

• Registration Fees: Vary based on company structure and requirements.
• Legal Fees: Vary based on legal assistance required.

Key Contacts

• Commercial Registry
• Directorate General of Contributions and Taxes
  • Website: financas.gov.cv

Setting up a manufacturing plant in Cabo Verde involves several steps. Here’s a detailed guide:

1. Conduct Market Research

   • Analyze local demand and industry trends.
   • Evaluate potential competitors and supply chain logistics.

2. Choose a Suitable Location

   • Identify industrial zones with necessary infrastructure.
   • Contact local municipalities for available sites and incentives.

3. Register Your Business

   • Incorporate your company with the Commercial Registry.

4. Obtain Necessary Permits

   • Apply for construction and environmental permits.
   • Contact the Ministry of Environment for specific requirements.

5. Secure Financing

   • Explore funding options through local banks or investment agencies.
   • Consider government incentives for manufacturing.

6. Design and Construct the Facility

   • Hire local architects and contractors familiar with regulations.
   • Ensure compliance with building codes and safety standards.

7. Install Equipment and Machinery

   • Import necessary machinery, ensuring compliance with local regulations.
   • Coordinate with customs for smooth importation.

8. Recruit and Train Staff

   • Hire local talent and provide necessary training.
   • Contact the Ministry of Labor for assistance with labor laws.

9. Register for Taxation

   • Ensure your business is registered for applicable taxes with the Directorate General of Contributions and Taxes.

10. Begin Operations

    • Ensure all systems are in place and test the production line.
    • Implement quality control measures.

Key Contacts

• Commercial Registry
• Ministry of Environment
• Directorate General of Contributions and Taxes
  • Website: financas.gov.cv

Registering a trademark in Cabo Verde involves several steps to ensure legal protection. Here’s a detailed guide:

1. Conduct a Trademark Search

   • Check if your trademark is available and not already registered.
   • Use the database of the African Regional Intellectual Property Organization (ARIPO).

2. Prepare Your Application

   • Gather necessary information: trademark representation, goods/services classification, and applicant details.

3. Submit Your Application

   • File the application with the Institute for Quality and Intellectual Property (IGQPI).
   • Ensure all documents are complete and accurate.

4. Pay the Application Fee

   • Fees vary; check with IGQPI for specific costs.

5. Examination Process

   • The office reviews the application for compliance and potential conflicts.
   • Respond to any objections or requests for additional information.

6. Publication and Opposition

   • If approved, the trademark is published for opposition.
   • There is a period for third parties to oppose the registration.

7. Registration and Certification

   • If no oppositions arise, the trademark is registered.
   • Receive a certificate of registration.

8. Maintain and Renew the Trademark

   • Trademarks are valid for ten years and can be renewed indefinitely.
   • Submit renewal applications before expiry to maintain protection.

Costs

• Application Fee: Varies depending on the specifics of the trademark and classes involved. Check with IGQPI for details.

Key Contacts

• Institute for Quality and Intellectual Property (IGQPI)
  • Website: igqpi.cv

Resolving commercial disputes in Cabo Verde involves several steps and options. Here’s a guide on the process:

Step-by-Step Guide

1. Attempt Negotiation
   • Start by negotiating directly with the other party to find an amicable solution.
2. Mediation
   • Engage a neutral third-party mediator to facilitate discussions.
3. Arbitration
   • Consider arbitration as an alternative to court litigation.
   • The Arbitration Center of the Chamber of Commerce can assist.
4. Seek Legal Advice
   • Consult with a lawyer specializing in commercial law for guidance on your case.
5. File a Lawsuit
   • If other methods fail, file a lawsuit in the Commercial Court of Cabo Verde.
   • Court fees vary; consult with the court for specific details.
6. Court Proceedings
   • Prepare for the legal process, which includes hearings and presenting evidence.
7. Judgment and Enforcement
   • If a judgment is made, ensure its enforcement through legal channels.

Costs

• Mediation and Arbitration Fees: Vary depending on the service provider.
• Court Filing Fees: Dependent on the case type and court; consult the court for specifics.
• Legal Fees: Vary based on the lawyer and complexity of the case.

Key Contacts

• Chamber of Commerce
• Commercial Court of Cabo Verde

When considering doing business in Cabo Verde, it’s important to understand various factors that can influence operations. Here’s an overview of social, cultural, political, and economic aspects:

Social and Cultural Factors

• Language and Communication
  • The official language is Portuguese, with Creole widely spoken.
  • Building personal relationships is key in business dealings.
• Business Etiquette
  • Formality and respect are essential in meetings.
  • Punctuality is appreciated but flexibility is often necessary.

Political Environment

• Government Structure
  • Cabo Verde is a stable parliamentary republic.
  • The political environment is generally favorable to foreign investment.
• Regulatory Environment
  • Business regulations are clear, with ongoing efforts to improve the business climate.

Economic and Foreign Exchange Factors

• Currency
  • The currency is the Cape Verdean escudo (CVE), pegged to the Euro.
  • Foreign exchange transactions are straightforward due to the Euro peg.
• Investment Incentives
  • The government offers incentives for foreign investment, especially in tourism and renewable energy.

Rule of Law

• Legal System
  • Based on civil law, providing a framework for legal proceedings.
  • Contracts and property rights have legal protection.
• Property Rights
  • Well-defined and protected by law, though processes can be bureaucratic.

Infrastructure

• Transportation and Logistics
  • Ports and airports are vital for trade, with ongoing improvements.
  • Telecommunications infrastructure is developing, supporting business operations.

Key Contacts

• Cabo Verde TradeInvest
  • Website: cvtradeinvest.cv