The Property Acquisition Process in Cape Verde

An Accessible and Secure Market for International Investors

Purchasing property in Cabo Verde represents a strategic opportunity for investors seeking diversification, legal security, and exposure to a growing emerging market. The country stands out for its clear, transparent, and investment-friendly legal framework, with no significant restrictions on property acquisition by non-residents.

This environment makes the buying process not only accessible but also efficient and predictable for international investors.

Monetary Stability and Currency Ease

The national currency, the Cape Verdean Escudo (CVE), is pegged to the euro at a fixed rate of 110.265 CVE, significantly reducing currency risk for European investors. In practice, the real estate market operates largely in euros, facilitating negotiations, financial planning, and capital protection.

For investors from the United Kingdom, there is also the possibility to fix transaction amounts in British pounds, mitigating exchange fluctuations and unexpected costs during the acquisition process.

Legal Security and Transparency in the Purchase Process

The Cape Verdean notarial system ensures a high level of legal security in property transfers. All transactions are formalized through a public deed, guaranteeing clarity, legality, and protection for both parties.

The process can — and should — be supported by specialized local lawyers responsible for:

Verifying property ownership

Confirming the absence of liens or disputes

Ensuring legal compliance of all documentation

Additionally, the implementation of the CIP digital system (Property and Real Estate Registry) has strengthened the efficiency and security of property registration, making the process faster and more reliable.

Required Documents for Property Acquisition

The documentation process is simple and straightforward:

1. Obtaining a Cape Verdean Tax Identification Number (NIF)
   The NIF is mandatory for any transaction and can be obtained from the local tax office. The procedure is quick and involves no significant costs.

2. Opening a bank account
   After obtaining the NIF, foreign investors can open a local bank account by presenting their passport.

3. Public deed
   At the time of the deed, only the following are required:

Cape Verdean NIF

Passport (or ID card, for nationals)

The process is simple, transparent, and aligned with international legal practices.

Conclusion

Cabo Verde presents a solid opportunity for real estate investment, supported by a growing market, evolving infrastructure, and a strategic location in the Atlantic.

The acquisition process is transparent, accessible, and legally secure, backed by a reliable notarial system and modern property registration mechanisms.

Investing in Cabo Verde is not only a way to diversify a portfolio but also to enter a market with high potential for appreciation and medium- to long-term returns.

For investors seeking security, clarity, and strategic vision, Cabo Verde deserves priority consideration.