6% - 8%
Estimated gross yield from short-term tourist rental per year
0%
Property tax on tourist-zone properties for the first 10 years
Investing in Boa Vista
Everything you need to know
Boa Vista island has established itself as one of the most attractive real estate investment destinations in West Africa. A young market, a legal framework that is friendly to non-residents, real tax exemptions, and steadily growing tourism demand make this island a concrete opportunity — not just a promise.
Why Boa Vista?
Cape Verde has enjoyed political and democratic stability for over 30 years, with a legal system based on the Portuguese model and effective protection of private property rights — including for foreign nationals. Boa Vista is the archipelago’s main sun-and-beach tourism hub, with an international airport receiving direct flights from Portugal, the UK, Germany, Italy, and the Netherlands.
The local property market still offers prices significantly below those found in comparable Mediterranean or Canary Island destinations, with strong appreciation potential as infrastructure and tourism demand continue to grow.
Stable currency
the Cape Verdean Escudo (CVE) has been pegged to the Euro since 1998, eliminating currency risk for European investors.
Full ownership
foreigners can purchase properties with a full title deed in their own name, with no mandatory local intermediaries.
Free capital repatriation
rental income and sale proceeds can be freely transferred abroad.
Tourism growth
Boa Vista welcomed over 300,000 tourists in 2023, with consistent year-on-year growth.
Expanding infrastructure
new hotels, marinas, and road improvements in development further support land value appreciation.
Property tax exemption (IUP)
equivalent to the Portuguese IMI — for the first 10 years on properties within registered tourist developments such as Beach Living.
Reduced income tax rate (IUR)
on tourist rental income, lower than standard rates.
Customs duty exemptions
on equipment and materials imported for government-approved tourist projects.
Tax benefits for buyers
Cape Verde offers a particularly attractive tax framework for investment in tourist properties, supported by the government’s tourism incentive programme. Always consult a local lawyer to confirm the exact conditions applicable to your situation.
Cape Verde also has a double taxation agreement with Portugal, which simplifies tax management for Portuguese and Portuguese-heritage investors.