News 2018 - Foreigners who invest in real estate in Cabo Verde have right to permanent residence

Buying a second home in Cape Verde

The Cape Verdean parliament approved by majority a bill that grants permanent residence permits to foreign nationals who purchase a second home in the West African archipelago. 

The proposal stipulates issuing Permanent Resident Cards to foreign citizens who invest in tourist real estate costing over 80,000 euros in municipalities with a per capita Gross Domestic Product (GDP) below the national average and 120,000 euros in municipalities with GDP higher than the national average.

PLEASE NOTE: Before opening the link below to the article in Macauhub, Investors may also be interested to open and read the link under 'Associated information'  below (on this page), to understand what is currently required and what expats have to provide when applying for Residency.

LINK: MACAUHUB-BUYING-SECOND-HOMES-IN-CAPE-VERDE

Source - Macauhub (25th January 2018) 

Associated information:

Applying for Residence Card and renewal February 2018