Business Reforms in Cape Verde

Positive= Doing Business reform making it easier to do business. Negative= Doing Business reform making it more difficult to do business.

DB2012:

Positive Registering Property:

Cape Verde made registering property faster by implementing time limits for the notaries and the land registry.


Positive Getting Credit:

Cape Verde improved its credit information system by introducing a new online platform and by starting to provide 5 years of historical data.


Positive Resolving Insolvency:

Cape Verde introduced qualification requirements for insolvency administrators and a shorter time frame for liquidation proceedings.


DB2011:

Positive Starting a Business:

Cape Verde made business start-up easier by eliminating the need for a municipal inspection before a business begins operations and computerizing the system for delivering the municipal license.


Positive Registering Property:

Cape Verde eased property registration by switching from fees based on a percentage of the property value to lower fixed rates.


Positive Paying Taxes:

Cape Verde abolished the stamp duties on sales and checks.


DB2010:

Positive Starting a Business:

Cape Verde eased the business startup process by implementing an company online registration system.


Negative Getting Credit:

Cape Verde improved its access to credit information by introducing on-line capacities for providers and retrievers of information. At the same time, Cape Verde raised the minimum loan threshold for individuals from 1000 CVE to 5000 CVE.


Positive Paying Taxes:

Cape Verde reduced tax burden on businesses by reducing the corporate income tax rates from 30% to 25%.


Reform Summaries


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