Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
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Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Cabo Verde - Creates a "Special Economic Zone for Technologies"
Cabo Verde
Creates a "Special Economic Zone for Technologies"
12 May 2022On 12 May 2022, Cabo Verde published in its Official Gazette, Decree-Law No. 15/2022. The Decree creates and regulates the Special Economic Zone for Technologies (ZEET). Located in the ‘Digital Islands Technological Park’, the ZEET covers the contiguous technological real estate areas of “Castelon Vale”, in Praia, and “Julion Vale”, in Mindelo, and is at the center of the digital strategy in Cape Verde.
The Decree establishes the rules for setting up and operating an entity in the ZEET, as well as the applicable tax and customs regime. The ZEET targets tech entities that promote or foster wealth, added value and job creation (youth employment in particular); exports; a culture of innovation, creativity at the level of technological R&D; the development of digital services; and favorable conditions for an incubation hub for tech startups. In addition to financial incentives, entities authorized to operate in the ZEET are granted a number of tax and custom benefits including a 2.5% reduction from corporation tax rate.
ZEET entities are required to comply with the tax obligations foreseen in the tax law, including transfer pricing, autonomous taxation, as well as assessment and payment of taxes. The tax obligations foreseen in the Tax Benefits Code for entities licensed in the International Business Center of Cape Verde are also applicable to ZEET entities. The ZEET regime entered into force on 13 May 2022 and will be effective until 2030.
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Type:
- Promotion and facilitation (Investment incentives, Special economic zones)
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Industry:
- Not industry specific
- Manufacturing (Manufacture of computer, electronic and optical products, and electrical equipment)
- Services (Computer programming, consultancy and related activities, Scientific research and development, Other professional, scientific and technical activities)
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Sources:
- PWC, Cabo Verde – Special Economic Zone for Technologies, https://www.pwc.pt/en/pwcinforfisco/flash/cabo-verde/pwc-tax-flash-cabo-verde-special-economic-zone-for-technologies.html, 17 May 2022
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
-
Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.