Cape Verde New Projectos Ecossistemas

in the Cape Verde Islands
Horizon News
w w w . c a p e - v e r d e - i s l a n d - p r o p e r t y . c o m
A publication of
Sal •
Sao Vicente •
Boavista •
Santiago •
FREE • LIVRE

While every effort is made to check that the information contained within this publication is accurate to
the best of our knowledge, Horizon Property Group S.L. do not accept responsibility for any errors, loss
or omissions which may occur. Property buyers should allow for extra financial costs such as legal advice,
local taxes etc. that is not covered in the advertised prices.
© Copyright notice - The entire contents of this publication are subject to copyright and may not be copied,
scanned, stored on any electronic or data retrieval system or reproduced in any form without the prior
written consent of Horizon Property Group S.L.
Vila Verde Resort, Santa Maria • Salina Sea • Salina Sand
Tortuga Beach Resort & Spa • Dunas Beach Resort • Sambala Fogo Villas
Administrator
George Lauhingfan
MNAEA (Overseas)
Sales Director
Stephen Eade
MNAEA (Overseas)
Design
Stephen Eade
MNAEA (Overseas)
Contact numbers
0871 284 0639
from UK
(+34) 922 798 113
from anywhere else
Head Office
L.G Res Los Seres,
Local 9
Calle Oregon,
Los Cristianos,
Arona, Tenerife
Horizon Property Group S.L are members of these Organisations.
info@horizonpropertygroup.com
www.cape-verde-island-property.com • www.horizonpropertygroup.com
www.horizonnews.info
Horizon News Cape Verde Information 3
Situated due south from the
Canaries and recently made
more accessible than ever
before by new direct flights from
Europe and the UK, the Cape
Verde Islands offer home-buying
at a snip of the price of any
other European destination.
Under Portuguese rule since
the 15th Century, the ten islands
and eight islets, which make
up this independent archipelago
are beset with beauty in
bountiful proportions. Now
independent, but reliant on their
Portuguese and African roots
for governmental support, the
islands are entering a period of
development in response to new
tourist interest. Surrounded by
coral reefs, home to hundreds
of species of exotic amphibians,
the islands have crisp white sand
beaches backed with tropical
vegetation. Much of the flora
is similar to the Canaries but
with greater density. The Cape
Verde islands also sport Dragon
trees and every type of palm in
abundance. The islands form
an important point for migrating
tropical birds flying between
Africa and South America.
The Cape Verde Islands represent virgin territory to many considering an overseas
home. But the immense potential of these islands can now be realised.

Activities are available through
water sports to pursuits on the
rocky volcanic climbs of the
islands’ mountainous areas.
All areas of the islands are
soaked in rich colour and offer
an incredible ambience in one
of the best climates in the world.
Cape Verde has a tropical dry
climate, with an average daytime
air and sea water temperature
of around 24ºC. There is a
significant contrast in climate
between the mountainous
regions which are cooler and
wetter when compared to the
warm, dry climate on the coast.
With all this on offer for some of
the most staggering prices when
looking at foreign property, we
think we’ve found a new piece
of property paradise for you to
consider.
The Cape Verde archipelago
comprises of 10 islands, one
of which remains uninhabited
to date. Each of the islands is
surrounded by clear, emerald
green seas.
Each island has its own unique
characteristics including lunar
landscapes with unspoilt dunes
or lush green vegetation.
The flat landscapes often boast
vast mountains resulting from
the volcanic rocks and some
islands host a combination of
each of these elements.
4 Cape Verde information & Pictures

In 2004 Channel 4’s “A Place in the Sun” television programme reviewed the 20 best destinations to buy
property. At this time most people had never heard of Cape Verde, however the presenters concluded
that Cape Verde ranked ahead of the French Riviera, Costa del Sol and Tuscany in terms of price,
position and potential.
Their predictions that Cape Verde would become the next tourist hot destination have already begun
to be realised. With its accessibility from Europe, year round climate and lifestyle has meant that it has
already seen many overseas visitors purchasing property on the islands for investment, personal use
or a combination of both.
The Cape Verde government have recently signed a “special partnership” with the EU. This has taken
many years of work to align the country to the rest of Europe, in 1990 the local currency was pegged to
the Euro and on 19th November 2007 the accord was finally signed.
By being awarded this special status it reflects Cape Verdes’ geographical position to the EU countries
of the Canary Islands, Azores and Madeira and its political ties with Western Europe. Due, partly to
this, is the focus in tourism and property which is growing daily. The government is supporting this with
initiatives to attract foreign investment such as tax incentives.
Boavista’s Sal Rei airport started receiving international flights in October 2007 with charter flights from
Italy and the UK, this is the third airport to take international flights and it will fuel the growth of tourism
to the island the same as Sal and Santiago. The next international airport to be opened will be on Sao
Vicente which is scheduled to open during the first half of 2008, providing yet more impetus for the
growth of tourist numbers visiting the islands.
The Cape Verdean government are closely managing the land distribution to major developers, and
they also control the masterplans for the developers resorts to ensure that the quality of the resorts is
in keeping with their vision of creating a “First Class” destination to compete with and rival any in the
world.
Due to this their policy has proved to be effective and this is attracting many of the major brand names
to invest in the islands, these brands include such names as: Nikki Beach Club, PGA Golf Tour, Ernie
Els, Riu Hotels, Hilton Hotels and Thomson Holidays.
The Cape Verde islands are now growing as a future high class tourist destination, their inflation rate is
low at only 3.5%. Foreign investment is booming and the governments incentives on Tourism are paying
dividends with a huge increase in tourist numbers.
With a perfect climate and white sand beaches in abundance these are perfect islands for a long period
of sustained growth and investment.
Cape Verde

w w w. c a p e - v e r d e - i s l a n d - p r o p e r t y. c o m
Originally named “Llana” meaning flat when it was
discovered in 1640, it was given its current name
when a lagoon, in a crater of a now extinct volcano
was discovered to produce salt after the rains.
Sal is flat and relatively small with only two major
settlements, the capital of the island Espargos and
the tourist resort of Santa Maria.
An International Airport was built here in 1939,
making Sal the gateway to the Cape Verde
archipelago and the island prides itself on providing
high quality tourism which, in turn, has attracted
large numbers of migrants from the nearby
islands, nearly doubling the population during the
last decade.
Santa Maria is the main tourist resort on the island
of Sal, it has been growing steadily over the years
specifically to accommodate the tourist. There are
many things to visit in this town. The salt pits of
Santa Maria, although no longer in use, lie about
1km from the town and are well worth a visit. Santa
Maria also has some splendid beaches and all the
facilities necessary for the practice of sea sports.
Sal
9 Vila Verde Resort - Santa Maria
Some units still available
Prices from € 75,480
Guaranteed rental income!
Situated 15 minutes by car from the airport, just
a 10 minute walk to the town centre of Santa
Maria and less than 5 minutes walk to the beach,
the Vila Verde resort is perfectly placed.
With studio, one, two and three bedroom
apartments,twoandthreebedroomtownhouses
and three & four bedroom detached villas, all
with top class fully fitted kitchens and stunning
views. Vila Verde looks set to become a fantastic
property investment.
The Vila Verde Resort is a completely self
contained complex, all apartments have parking
facilities and easy access to shops, restaurants,
bars, supermarkets and swimming pools with
the interior being a pedestrian zone.
Plazas, meeting points and leisure spaces
are strategically placed along the pedestrian
boulevard. Shops and cafes are randomly
distributed along this access, thus creating an
old village environment.
From the entrance, a main road distributes
traffic in a ring around the resort so that it does
not inter fear with the pedestrian access.
Areas with higher buildings are located inside
the pedestrian ring. Lower density zones on
the outside areas establish a transition to the
waterfront and the protected dune landscape.
The central area along the pedestrian access
will be divided into 13 gated communities with
apartment blocks around private open gardens
with swimming pools.
Completions started on this resort in December
2009.

10 Salina Sand - Sal Salina Sea - Sal 11
SalinaSand SalinaSea
SalinaSand occupies a part of the plot with an area of 26,472 square meters. It comprises 316
accommodation units with a 4 star rating. There are no existing buildings or other structures within the
site.
This block consists of two adjoining buildings in the shape of an E, linked by the central “arm” of the E at
the ground level. The reception is located in this arm and the other arms, to the North and to the South,
will have two small concierge areas supporting users entering and leaving the building.
The building is almost entirely three storeys high, matching the other buildings being constructed along
the same line of tourist development. It is raised from the ground in order to avoid problems arising from
the minute distance between the thin surface of soil and the water table.
The shape of the building creates two large external spaces, one designed for private use and the other
for public use, separated by a central reception area. The space designed for private use contains
several facilities for the exclusive use of the residents of SalinaSand, such as swimming pools, wet bar
and large expanses of shallow water. The public space incorporates a series of commercial areas.
The plot on which SalinaSea is located, is to the west of St. Maria, within the first line of hotels, next to
the south facing side of the beach.
SalinaSea is positioned in a section of the plot with an area of 15,000 square meters. It consists of
244 accommodation units with a 4 star rating, with 56 one bedroom, and 188 studio apartments. Site
contours vary by only 0.2m. It is, therefore, a plot that can be considered level. It’s worth mentioning that
in the area of intervention there are no buildings or other structures as it is an empty plot of land.
The block is in the shape of an E lying horizontally and facing the sea ensuring that the great majority of
rooms enjoy good solar orientation and panoramic views towards the south. In the future, rooms facing
north will enjoy views over the Avenue and the colorful life it will generate.
SalinaSea comprises a building with three wings perpendicular to the water line, two storey’s high,
which, in common with the other hotels in the first tourist line, is elevated from the ground to avoid any
problems arising from the minimal distance between the ground and the water table. The central wing
is 0,70m higher than the two lateral ones, allowing the introduction of a dedicated service area at raised
ground level which supports this wing’s restaurants and apartments.
The area between the lateral wings will have a large swimming pool, a pool for children as well as leisure
areas around large shallow water zones with excellent views and a flowing dynamic relationship with
the beach that adjoins it.
Rental Guarantee
We believe this is a great chance to invest in a top quality development which is unique in Cape Verde,
in the last major beachfront location on Santa Maria Beach. There will be no plots left in Sal which will
be able to have developments of this type directly on the south beach. Add to that the experience of the
developers in the Cape Verde rental market, and this seems an opportunity not to be missed. 3 YEARS
GUARANTEED RENTAL AT 5%. After the first three years, owners earn a 60% share of the profits of
the unit.
Benefits
• A 10% discount on the menu price for food and drink
• Free access to all the public areas in the complex, namely: swimming pools, gym, kids club.
• Access to the spa with a 20% discount on the over-the-counter price
• Access to the diving club with a 20% discount on the over-the-counter price
• Internet access with a 20% discount on the over-the-counter price
• Access to the hire car service with a 20% discount on the over-the-counter price
• Free client card for the Oasis Atlantico hotels
• To take the 4 weeks in other units run by the Oasis Atlantico Group
Prices from 68,500 Euros

Dunas Beach Resort is a premium development of new villas and
apartments set in a beautiful unspoilt reserve situated just 15-20
minutes from Sals’ international airport. The resort is being built to
a very high specification, from the individual properties and their
aesthetics to the luxury surroundings, with every facet receiving the
highest attention to detail.
Positioned on the beautiful Ponta Preta beach and close to the
popular town of Santa Maria, Dunas Beach Resort is perfectly
situated to capitalise on Cape Verdes fast-rising prominence. An
adjacent planned golfing facility will complete the resorts superb
range of tourist resources.
The resort presents an outstanding investment opportunity for
rental or resale buyers, as well as those looking to buy a holiday
residence. The excellent facilities on offer at Dunas Beach Resort
guarantee an immediate and enduring interest, representing one
of the finest developments on Cape Verde.
Dunas Beach Resort is made up of over 400 luxury front-line units,
including exclusive villas - each with their own private pools - and
a range of deluxe 1, 2 and 3 bedroom apartments, all integrated
within beautifully landscaped green spaces, green spaces, pool
areas, secluded walkways and other select amenities.
Apartment Prices from € 109,950 - Villa Prices from € 449,950
Located on prime front-line beach on the south of Sal
Island, the resort is one of the finest developments
on Cape Verde. Villas on Tortuga Beach Resort and
Spa feature a stunning specification with private
pools and gardens, and apartments include terraced
areas - all set within an exquisitely landscaped site.
Tortuga Beach Resort and Spa is expected to be
one of the fastest-selling Sal Island developments to
date, and more importantly one of the best overseas
investment opportunities globally.
Exclusive amenities on Tortuga Beach Resort and
Spa include 4 star apart-hotel facilities including
expansive gym, saunas, steam room, selection of
pools and a great variety of bars and restaurants.
The whole resort is served by a 24-hour reception
and concierge, guaranteeing a personal level of
consideration for all those at the development.
Tortuga Beach Resort and Spa is also perfectly
positioned to enjoy the wider benefits of the
increasingly popular Sal Island, with its fantastic
water sports, nightlife and more. A full property
management service is also available to seamlessly
facilitate rental lettings throughout the year. Due to
the high demand and low supply, rental yields are
set to be staggering, and capital appreciation will be
visible within the first few months.
12 Tortuga Beach Resort & Spa - Sal Dunas Beach Resort - Sal 13
SOLD OUT

Sao Vicente is the third smallest of the islands that make up the Cape Verde archipelago but it is home
to the country’s second largest city, Mindelo, as well as an airport, which will receive it’s International
licence early next year and an 18 hole golf course.
Roughly rectangular in shape, it measures 24km from East to West and only 16km from North to South.
Although volcanic in origin Sao Vicente has not erupted in recorded history and the island is quite flat
with few traces of its volcanic past remaining.
Its highest point is at Monte Verde
at an altitude of 774 meters.
Discovered on Saint Vincent’s
Day, 22nd January, in 1492 it
only began to grow in population
in 1838 when it became a supply
stop for ships on Atlantic routes
from all over the world. Sailors
from many different nationalities
met together in the local bars and
cafes of Mindelo and it became an
important cultural centre where
music, literature and sports were
developed and encouraged which
it still cultivates to this day.
Sao Vicente
Boavista
Boavista is an island of sand dunes, long white beaches, and crystal clear emerald waters. There are few
properties on the island and the towns are quiet places, although there are many new developments planned.
Originally named S. Cristovao when it was discovered in 1480, Boavista earned its new name when a sailor
on a vessel facing a terrible storm spotted it and in his joy yelled “Captain, good sight (Boavista)” instead of
“Land in sight”. Boavista did not begin to be populated until 1620, when Captain Rodrigo Afonso was given
the island for the purposes of raising cattle in the hands of a small group of shepherds and the economy
of the island did not improve until years later when salt was discovered attracting other industries such
as weaving and ceramics. Boavista is the most Eastern of the Cape Verde Islands and is quite near to the
African continent.
It has a surface area of around 620km², with its longest distance (from North to South) being only 31 km.
It is a beautiful, relaxing island, known as the island of beaches and dunes, it is bordered by over 55 km
of white, sandy beaches and is mostly flat, but its volcanic origins can be seen in the formations of Rabil
and Fundo das Figueiras and on its
highest point, the Pico d’Estancia
which climbs to 390 meters.
The coastline has beach after
beach, Curralinho beach is thought
to be the best in all of Cape Verde.
Known as Santa Monica because of
its resemblance to the beach of the
same name in the USA, it is perfect
for either lazing on its clean, white
sands, swimming in its crystal clear,
blue-green waters, or for sports
such as windsurfing, scuba diving
or fishing.

Santiago
The biggest of the Cape Verde islands
and home to more than half the national
population and Cape Verdes capital city,
Praia, Santiago was the first island in
the archipelago to be inhabited after the
Portuguese discovery.
The economy of the island was developed
mainly through the use of African slave
labour and it became a commercial
trading post with the African continent,
naturally assimilating more of the African
influence than the other islands. An island
of contrasts, the capital city is a bustling,
hectic place but the interior is lush and
green with some impressive landscapes
The island is full of beautiful scenery,
stunning beaches and charming examples
of its historical past. There is also now an
International airport in praia.
Viviendas de Santiago - Introduction
Viviendas de Santiago is the 2nd phase of the Sambala Project and
occupies a 28 acre parcel of land within the main Sambala Resort
adjacent to the central amenities of the Sambala Village at the head of
the Sao Francisco Valley, Santiago. The generous individual plots for the
96 villas have all been carefully positioned to maximise the panoramic
views of this spectacular site towards either the dramatic mountains of the
interior, the undulating expanse of the Sao Francisco Valley or the vast
Atlantic Ocean beyond.
The Properties
Viviendas de Santiago comprises three distinct townhouse types each with a similar design style to
ensure visual uniformity throughout the phase. Sambala offers investors the choice of purchasing
either a two bedroom Fragata style townhouse or either of the three bedroom designs - the Passarinha
or Dragoeira Townhouses. All properties have private balconies and roof terraces from which to enjoy
the wonderful Cape Verde climate and dramatic Santiago sunsets.
All Townhouses have direct access to our beautiful communal areas
which feature water features, generous central swimming pools,
landscaped tropical gardens, pool side bars and sun decks.
17 Sambala Resort - Santiago
Passarinha
Fragata
Dragoeira

Fogo Villas - Introduction
Fogo Villas is the 3rd phase of the Sambala Project and occupies
a 25 acre parcel of land within the main Sambala Resort close
to the central amenities of the Sambala Village at the head
of the Sao Francisco Valley, Santiago. The generous individual plots for the 96 villas have all been
carefully positioned to maximise the panoramic views of this spectacular site towards either the dramatic
mountains of the interior, the undulating expanse of the Sao Francisco Valley or the vast Atlantic Ocean
beyond.
The Properties
Fogo Villas comprises four distinct villa types each with a similar design style to ensure visual
uniformity throughout the phase. Sambala offers investors the choice of purchasing either 5 bedroom,
4 bedroom or 3 bedroom villas, each sited within a generous individual plot with garden to maximise
both privacy and views when looking out from the property.
The majority of villas come with private swimming pools and if not, with carefully integrated communal
swimming pool areas.
The Country Club
Central to the Fogo Villas phase is the integrated Fogo Country Club which will offer a wide
variety of leisure and sports activities as well as a colonial style restaurant and roof top bar. The
Country Club will serve as the key focal point for Fogo Villa residents and a range of ancillary
resort services will be on offer on a daily basis including child care, beauty and massage,
gymnasium facilities and a small business centre.
18 Sambala Resort - Santiago
Villa Type 2
Villa Type 5
Villa
Type
1
The Santiago Lake & Waterfall
A beautiful lake and waterfall plunges dramatically into the
Sao Francisco valley below situated between the Viviendas
de Santiago and Fogo phases. The area surrounding the
freshwater lake will be landscaped with tropical plants and
fringed with palms and a sandy shoreline. Other features of the
lake include the Creole Island Bar and Restaurant, perfect for
light lunches, evening grills and all manner of local delicacies
which is easily accessed by a timber walkway.
Bars & Restaurants
The Sambala Resort will also offer a diverse range of food and beverage services to cater for all tastes
and temptations. Our wide range of catering facilities will offer everything from starlit beach grills to
full a la carte cuisine. Sambalas’ vision places great emphasis on promoting the local Santiagoan
delicacies which are heavily influenced by Portuguese techniques and the close proximity of Brazil,
and the finest quality beef imported from South America. Furthermore the abundance of fresh lobster,
octopus and a wide variety of fish always guarantee that the resort is also very much a seafood lovers’
paradise.
Sambala Resort - Santiago 19
Villa Type 3
“an inspiring sustainable development of 96 private villas and fully integrated Country Club set within
25 acres of landscaped tropical gardens Santiago Island, Cape Verde”
Fogo Villas Master Plan
• 96 High specification Private Villas comprising:-
• 5 Bedroom Villas c/w own pool
• 25 Acres landscaped tropical gardens
• 2 x Communal Swimming Pools with Water Bars
• The Fogo Country Club comprising:-
• Sports Bar, A la Carte Restaurant & Shops
• Gymnasium, Squash Courts, Billiards & Snooker
• 3 x Tennis Courts, Croquet Lawn & Bowling Green
• Massage Therapy, Thermal Bath & Plunge Pool
• Incorporated connections to existing infrastructure:-
• Sambala Resort private desalination plant
• Sambala Resort private waste water treatment
• Sambala Resort private electricity plant
• Immediate access to all Sambala Resort facilities
• Excellent access to Sao Francisco beach, 5 mins
• Integrated island road connections (airport 15 mins)
Villa Type Key
Villa Type 1
Villa Type 2
Villa Type 3
Villa Type 5
Sambala Resort Master Plan - Phases 1, 2 & 3
Fogo Villas (Phase 3) Viviendas de Santiago (Phase 2) Sambala Village (Phase 1)
FOGO VILLAS

The process of purchasing property in Cape Verde
generally involves the following steps:
Information provided by:
Neville de Rougemont & Associados - Sociedade de Advogados.
UK office
Greentree, Ascot Road,
Holyport,
Maidenhead.
SL6 2JB
Tel: 0162 877 8566
Fax: 0162 877 8399
Sal office
Edificio Garantia, 1st Floor Left
Rua Travessa Amilcar Cabral,
Santa Maria
Sal
1. Carry out Land Charges Searches at the local
Municipal Authority and Land Registry Offices.
These will reveal whether there are charges
registered upon the property or any restrictions on
title. The existence of a valid habitation permit or
utilization license depending on the purpose of the
purchase (for residential or business purposes)
is a precondition for a valid conveyance of built
property to take place in Cape Verde and the
existence of such permit presumes that a valid
building licence was issued previously. It may
also be necessary to obtain a company search
in respect of a vendor company to ensure that
it legally exists and that the signatory has the
necessary powers to sign the contracts.
The documents which should be obtained are the
“Certificado do Registro Predial” (land registry
certificate), “Planta de Localizacao” (official
map with the properties exact location) and the
“Certidao Matricial” (tax information certificate).
If the property is not registered, it is necessary
to obtain a “Certidao pela negativa” (a certificate
confirming that the property is not registered in
anyone’s name) and a “Certidao matricial para
o efeito” (a tax certificate confirming this). With
these two documents, it will be possible to register
the property.
2. Check the payment of tax regarding the
property, and bills for electricity and other services
by asking the vendor to produce evidence of
payment of such invoices.
3. We will also need to obtain a power of attorney
from you to represent you in the promissory
contract and deed (unless you will be signing
these yourselves), and also to request the
necessary tax cards on your behalf. We will draft
the power of attorney in Portuguese and attach
a translation to English for your perusal. This
document will have to be signed before a Notary
who’s signature is then certified by the Foreign
and Commonwealth Office and duly legalised by
the Cape Verde Honorary Consul in Liverpool
before it is returned to us. Please note that we
may deal with the legalisation of this document
on request.
4. Obtain a tax card on the purchaser’s behalf.
This will allow the purchaser to set off his tax
liabilities more often incurred prior to completion.
5. Sign the Promissory Contract of Purchase and
Sale (“Contrato Promessa de Compra e Venda”).
This often follows the signing of a Reservation
Contract which normally stipulates a time limit for
entering the Promissory Contract. At this stage
the purchaser will normally be expected to pay a
deposit, which is negotiable (10% or lately 30% is
common practice). Any reservation fee previously
paid is generally deducted from this deposit. It
is generally beneficial to open an account with
currency brokers to facilitate transfers of money
to Cape Verde and who often offer better rates of
exchange and reduced costs than banks.
In Cape Verde, the parties are contractually
bound on signature of this Promissory Contract of
Purchase and Sale, which sets out the terms of
the transaction (property details, price, method of
payment, completion date, warranties, penalties,
etc). This contract should be signed before
a Notary Public in Cape Verde. However, in
practice, both parties may agree to waive this
formality, in which case the exchange is complete
with the signature of both purchaser and vendor.
Until such contract is exchanged the vendor is not
committed and can change his mind. Payment of
the property tax called “IUP” tax, respecting the
transfer.
6. Sign the final Deed of Conveyance called the
“Escritura” which has to be done before a Notary
Public in Cape Verde. This is the document that
gives the purchaser proper title to the property.
The deed must be scheduled with a minimum of
30 days notice.
7. Register the purchase at the local Land
Registry and local Municipal Authority so that title
is enforcable against third parties. In Cape Verde,
subsequently to the signature of the deed, the
Notary will prepare and send a report to the local
Municipal Authority regarding the transaction.
The Municipality will then update its records
accordingly and register the new ownership of
the property.
Notarial and registration fees and stamp duty
can be expected to be approximatly 3.2% of the
properties attributed value. They are payable on
signature of the Deed of Conveyance.
8. Services - A contract needs to be signed with
the providers of services, such as water, gas
and electricity. We do not normally arrange this
for clients, but can assist on request. Clients are
advised to arrange for final meter readings to take
place prior to completion, as well as inspect the
property at this stage.
9. The taxes regarding property can be listed as
the following:
Transfer Tax - flat rate of 3% on the attributed
value to be paid before the Deed of Purchase
and Sale.
Stamp Duty – As from 1st January 2009 Stamp
Duty is payable on the purchase of property at a
rate of 1%.
Holding property/Annual rates - flat rate of
3% on 25% of the attributed value to be paid
annually in April (or in two installments in April and
September of each year)
Capital Gains Tax
(i) Capital gains regarding plots for construction
are taxable if their sale value exceeds a 100%
increase of the value at which they were initially
purchased.
(ii) Capital gains regarding any other property
are taxable if their sale value exceeds a 30%
increase of the value at which they were initially
purchased.
In both (i) and (ii), the capital gain is taxed at
a flat rate of 3% and should be paid within 30
days of the Deed, together with the submission
of a “Declaracao de mais valias” (Capital Gains
Statement).
Inheritance/Gift Tax - Any property transmitted by
inheritance or by gift is taxed at a flat rate of 3%
on the attributed value.
Capevedian Will
Once you have acquired the property, it is
advisable that you execute a Capeverdian will to
deal with your property in Cape Verde. Although
an English will is valid, obtaining a probate in
Cape Verde is easier if there is a Capeverdian
will. This is particularly important for buyers who
have contracted a civil partnership.
20 Cape Verde Legal Information
Purchase of
Property
in the
Cape Verde Islands

As new developments and updated
information is being added all the while.
You can keep up to date of all the new
complexes we have available by going to
our website:-
www.cape-verde-island-property.com
Alternativly if you are interested in
property in the Canary Islands, you can
view everything we have available by
going to our website:-
www.horizonpropertygroup.com

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