Infinite white beaches, wonderful year-round temperatures, friendly locals: welcome to Cape Verde! This group of 10 exotic islands on the west coast of Africa boasts a stable political climate and a growing economy. No wonder the “hidden gem” just 6 hours’ flight away is becoming increasingly popular with investors.

Popular vacation destination

Cape Verde is the ideal vacation destination for those who do not want to fly too far and want to be sure of sunshine. After a 6-hour flight from Amsterdam, you arrive in an exotic world while jet lag is completely out of the question. On the Cape Verde Islands the sun almost always shines and it hardly ever rains. There is an average temperature between 25 and 30°C all year round. Therefore, today the Cape Verde Islands are among the top 3 most popular vacation destinations.

Tourism Cape Verde on the rise

Tourism in Cape Verde is “booming. With a 115% growth rate since 2000, the country boasts one of the fastest growing tourism sectors at the moment. Compared to its Canary neighbors, the Cape Verde archipelago was discovered late by tourists. The archipelago is relatively unexplored, leaving plenty of room for investors. Tourism is considered one of the most important economic pillars. There are plenty of opportunities for investors, who are therefore welcomed with open arms.

Controlled growth

The government in Cape Verde may be fully committed to tourism and its associated investments, but they are doing so in a controlled way. There are strict building regulations to prevent overdevelopment and sprawl. This preserves the country’s quality of life and beauty. For example, high-rise buildings are prohibited on the coast and the archipelago has many protected areas where construction is never allowed. In addition to large tourism projects, the focus is currently on more authentic experiences and rural tourism. Such projects offer a lot of opportunities for investors.

Investor confidence

The political climate is very stable and there are numerous brand new facilities (schools, airports, hospitals…) and investment opportunities. UN Coordinator Patra Lantz-de Bernardis calls the country a textbook example of “good governance” with a standard of living well above the African average. The Cape Verde escudo is pegged to the euro, ensuring financial stability. In addition, it was recently decided that Europeans can enter the country without a visa, which represents a major administrative simplification. As a result, the archipelago enjoys a very high level of confidence among investors. In addition to the United Kingdom, Belgium also accounts for a large chunk of tourist investment.

Investment in training

Due to the stable economy and the favorable political climate, many Cape Verdeans who had previously emigrated abroad are investing in their own country. A significant portion of tourism revenues are reinvested in better roads and infrastructure. and training. Investments are also being made in education, allowing the country to make rapid strides forward. Many leading hotel schools are producing excellent hotel professionals, who then go on to work in one of the many vacation resorts.

In the Netherlands, the classic savings account still hardly yields anything. By investing in real estate you can get a return of about 3%. Investing your money offers the chance of a higher return but it involves risks and requires a lot of time and knowledge to follow up on your shares. Investing in Cape Verde gives you more security. You already buy a luxury suite in a real estate project from 100,000 € and you can count on a return of 7%, which can even rise to 12%. That is 4 times more than when you invest in real estate in the Netherlands In Cape Verde the registration duties (3%) are a lot lower than in the Netherlands (10%). Inheritance tax and capital gains tax are also 3%. Real estate prices are currently still very favorable because we are at the beginning of the growth curve. In other words, now is the time to invest in real estate in Cape Verde.