Cabo Verde

Cabo Verde

Adopts investment code

11 Jul 2012

The Investment Code of 2012 introduces arbitration as a mechanism for settling investment disputes between the Government and foreign investors under national and international dispute resolution rules. It also includes major legal principles, rights, and guarantees, including non-discrimination between national and international investors; protection of private property; free currency conversion and transfer abroad of income acquired in Cape Verde, and the right of foreign investors to have accounts in multiple currencies at financial institutions in the country.

Nature of measure:
  • Other regulatory changes
Type:
  • Treatment and operation (Non-discrimination, Nationalizations and expropriations, Capital transfer and FOREX, Dispute settlement)
Industry:
  • Not industry specific
Inward FDI:
No
Outward FDI:
No
Sources: