Adopts law on special economic zones in São Vicente
18 Apr 2024
On 18 April 2024, Cabo Verde adopted Decree-Law No. 17/2024, establishing rules for the installation, operation, and registration of entities in Industrial Areas, Special Tourist Zones, and Integrated Free Trade Zones, managed by the Special Maritime Economic Zone Authority in São Vicente. Entities in these areas benefit from special tax and customs regimes, including the São Vicente Special Maritime Economic Zone Authority (ZEEMSV) regime and the Cape Verde International Business Centre (CIN-CV) regime. To access the ZEEMSV regime, investments must be at least $2.7 million (275 million escudos). Companies licensed by the ZEEMSV Authority are automatically subject to the CIN-CV regime. Licences for activities within the ZEEMSV are administrative authorizations specific to the entities and cannot be transferred.
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Type:
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Promotion and facilitation (Investment incentives, Special economic zones)
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Sources:
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Boletim Official, Cabo Verde Decree-Law No. 17/2024 establishing the rules for the installation, operation and registration of entities wishing to operate in Industrial Areas, Special Tourist Zones and Integrat, https://faolex.fao.org/docs/pdf/cvi226121.pdf, 18 Apr 2024
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UNEP, Decree-Law No. 17/2024 establishing the rules for the installation, operation and registration of entities wishing to operate in Industrial Areas, Special Tourist Zones and Integrated Free Trade Zones, https://leap.unep.org/en/countries/cv/national-legislation/decree-law-no-172024-establishing-rules-installation-operation, 18 Apr 2024
