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 - State Budget Law for 2023 includes new incentives for R&D, innovation and renewables
Cabo Verde
State Budget Law for 2023 includes new incentives for R&D, innovation and renewables
30 Dec 2022Cape Verde published the State Budget Law for 2023 ( Law No. 16/X/2022) on 30 December 2022. It includes the following incentives: • R&D tax incentives from 2023 to 2038 for qualifying resident corporate taxpayers, as well as permanent establishments of non-residents, which are allowed a deduction for R&D expenses at the following base and incremental rates, with any excess carried forward up to 10 years: (i) 40% of the expenses incurred in the tax period concerned, increased by 15% in case of taxpayers with less than two years of activity that do not benefit from the following incremental rate; (ii) 50% of the additional expenses incurred in the tax period concerned in comparison to the average expenses in the prior two years; and (iii) an additional 30% of expenses incurred in relation to R&D for ecological product design projects; • A tax exemption on profits reinvested by technological companies authorized to operate in the Special Economic Area for Technologies and carrying out R&D activities, including: (i) companies that have invested at least 7.5% of the previous year's revenue in R&D; and (ii) companies with up to three years of activity, incubated in a certified incubator or an incubator recognized by Pro Empresa; • An exemption from customs duties on the import of new and modern equipment and accessories for the production of renewable energy, including solar panels, wind generators, and other appliances able to produce energy based on renewable energy sources; and • Additional 30% corporate income tax deductions for costs incurred inter alia for the acquisition of water and electricity • A CVE 20,000 corporate income tax deduction for each trainee hired for at least 6 months and for each registered unemployed person hired for at least 12 months.
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Type:
- Promotion and facilitation (Investment incentives)
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Industry:
- Not industry specific
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Sources:
- Boletim Oficial, Law No. 16/X/2022, https://kiosk.incv.cv/V/2022/12/30/1.1.125.4568/, 30 Dec 2022
- Orbitax, Cape Verde State Budget Law for 2023 Published Including New Incentives for R&D and Several Extended Incentives, https://www.orbitax.com/news/archive.php/Cape-Verde-State-Budget-Law-fo-51791, 13 Jan 2023
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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.
Share





Latest publications
