#

Ease of Doing Business in

Cabo Verde

Cabo Verde Download Profile (1727.3KB, pdf)
Region Sub-Saharan Africa
Income Category Lower middle income
Population 520,502
GNI Per Capita (US$) 3,290
City covered Praia

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 129 125 down
4
55.28 55.30 down
0.02
Starting a Business 100 89 down
11
85.24 85.21 up
0.03
Dealing with Construction Permits 108 106 down
2
67.28 67.26 up
0.02
Getting Electricity 142 143 up
1
53.81 54.01 down
0.20
Registering Property 73 73
-
66.63 66.66 down
0.03
Getting Credit 118 109 down
9
40.00 40.00
-
Protecting Minority Investors 162 162
-
36.67 36.67
-
Paying Taxes 86 87 up
1
72.64 72.68 down
0.04
Trading across Borders 113 111 down
2
64.74 64.74
-
Enforcing Contracts 43 41 down
2
65.76 65.76
-
Resolving Insolvency 169 169
-
0.00 0.00
-

DB 2017 Rank: 100

DB 2016 Rank: 89

Change in Rank: down11

DB 2017 DTF (% points): 85.24

DB 2016 DTF (% points): 85.21

Change in DTF (% points): up0.03

Standardized Company
Legal form: Sociedade por Quotas de Responsabilidade Limitada (LDA)
Paid-in minimum capital requirement: CVE 1
City: Praia
Indicator Cabo Verde Sub-Saharan Africa OECD high income
Procedure – Men (number) info_outline 8.0 7.8 4.8
Time – Men (days) info_outline 11.0 27.3 8.3
Cost – Men (% of income per capita) info_outline 14.7 54.0 3.1
Procedure – Women (number) info_outline 8.0 7.9 4.8
Time – Women (days) info_outline 11.0 27.5 8.3
Cost – Women (% of income per capita) info_outline 14.7 54.1 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 33.1 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Find and reserve the proposed company name

    Agency: Commercial Registry Department (Casa do Cidadão)

    The investors must provide the proposed company name and purpose. The research is completed before the Commercial Registry Department (Casa do Cidadão) which approves or rejects the names. The firm registry is computerized, therefore the process is fast.
    1 day CVE 600
    2

    Register the company

    Agency: Commercial Registry Department (Casa do Cidadão)

    Once the entrepreneur goes to the Commercial Registry Department (Casa do Cidadão), the company’s registration is completed through an internal online registration system. The incorporation notice is published in the Casa do Cidadão website. The tax identification number can be obtained automatically and it is free of charge.
    1 day CVE 10,000 (registration fee) + CVE 1,000 (chamber of commerce fee)
    3

    Deposit the initial capital in a bank

    Agency: Commercial Bank

    In practice the Casa do Cidadão requires that the partners will make the deposit within two days after registration. For companies not incorporated under the fast-track plan "Empresa no Dia" the paid-in minimum amount will be deposited prior to registration.
    1 day no charge
    4

    Obtain municipal license

    Agency: Municipality

    There are two types of licenses: the municipal license and the license by activity. The municipal license is mandatory for all businesses operating in Praia. An inspection is usually performed prior to granting the municipal license. However, since the adoption of Decreto-Lei 30/2009, the municipal inspection can be carried out a "posteriori" and the enterprise can start its operations before receiving the Municipal License.

    The license can be checked online through the following web portal: https://lojacmp.com/?secao=processo
    8 days CVE 30,000
    * 5

    Register workers with the Social Security Office (Instituto Nacional de Previdência Social)

    Agency: Social Security office (Instituto Nacional de Previdência)

    Registration at the Social Security Office (Instituto Nacional de Previdência Social) is free of charge.
    1 day (simultaneous with previous procedure)
    no charge
    * 6

    Register workers for accident insurance

    Agency: Insurance company

    Business founders must register workers with accident insurance at any insurance company.
    1 day (simultaneous with previous procedure) no charge
    * 7

    Register workers with the Labor Inspectorate

    Agency: Labor Inspectorate office

    This procedure is mandatory if the company hires workers under a term contract.
    1 day (simultaneous with previous procedure) no charge
    * 8

    Obtain and legalize the company books

    Agency: National Print (Imprensa Nacional)

    These books can be purchased at the “Imprensa Nacional” National Print for CVE 2,000. All pages have to be signed by the entrepreneur.
    3 days (simultaneous with previous procedure) CVE 2,000

    * Takes place simultaneously with previous procedure.