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 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:

Business start-up was eased by implementing an online company registration system.


Negative Getting Credit:

Access to credit information was improved by introducing online access for providers and retrievers of information. At the same time, the government raised the minimum threshold for loans included in the database from CVE 1,000 to CVE 5,000 for individuals.


Positive Paying Taxes:

The corporate income tax rate was cut from 30 percent to 25 percent. Business start-up was eased by implementing an online company registration system.


Reform Summaries


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