Cabo Verde is an island republic in the North Atlantic Ocean west of Senegal in West Africa. It is made up of two nations. The islands are separated into two groups: the volcanic Barlavento Islands and the volcanic Sotavento Islands. Cabo Verde is the 176th largest country in the world, with a surface area of 4,033 square kilometers. It has a temperate climate with hot, dry summers. There are 543,767 inhabitants in the city. The country's capital and most populated city is Praia, which is followed by Midelo and Espargos. With 1,2 million passengers per year, Amilcar Cabral International Airport (SID) is the busiest, followed by Nelson Mandela International Airport (RAI) with 660,000. SID is Africa's 35th busiest airport.
Cabo Verde's culture is influenced by a diverse range of languages and civilizations, with Roman Catholicism serving as the primary religion. The country's official language is Portuguese. The government is a parliamentary republic, and the judicial system is based on Portuguese Civil Law. The president-elect is the head of state.
The Cabo Verdean Escudo (CVE) is the country's official currency. The country has an open economy, with a GDP of around $4.3 billion, ranking it as Africa's 48th largest economy. Its residents have a $7,728 per capita income. The GDP is mostly composed of three primary sectors: services, industry, and agriculture. Bananas, corn, fish, beans, salt, and coffee are the principal exports. Parts of the country are severely dry, making crop cultivation challenging.
Cabo Verde has a well-developed tourism industry and is a famous tourist destination due to its 350 days of sunshine each year. It's famous for its lush, stunning beaches as well as its rocky volcanic mountains. The Pico de Fogo, Sao Vicente, Tarrafal, Praia, the Cidade Velha, the Blue Eye, the Pedra do Lume Salt Crater, and the magnificent Praia de Santa Maria are just a few of the prominent attractions. Every year, 700,000 tourists visit the country, the vast majority of which are from the European Union. Tourists are still one of the most important contributors to the local economy, and many more hotels are being built to satisfy future demand.
Cabo Verde launched a digital nomad visa in December 2020. Cape Verde’s Remote Working program permits remote employees to stay for up to six months
According to the Cape Verde Citizenship Act 2003, a person who invests USD 200,000 or more in Cape Verde may be granted citizenship without the
Cape Verde
Cape verde citizenship by investment program is a great way to get Cape verde citizenship. The program provides an opportunity for foreign nationals to invest in Cape verde and receive Cape verde citizenship in return. There are many benefits of Cape verde citizenship, including the ability to live and work in Cape verde, access to Cape verdean healthcare and education, and the right to vote in Cape verde. The downside of this citizenship is that you will have to renounce your current citizenship since Cape Verde does not allow dual citizenship. This is one of the reasons why it is not such a popular program.
According to the 2003 Cape Verde Citizenship Act, a person who invests at least USD 200,000 in Cape Verde is eligible for citizenship without meeting the residency requirement.
Cape Verde is actively seeking investments in its Energy, tourism, and infrastructure projects. Foreign investors must create jobs and significantly contribute to the economic development of the host nation. There are no specific investment restrictions on the island. Foreigners are restricted from fishing and transporting on vessels reserved exclusively for locals. All investors are granted equal treatment and nondiscrimination, but incentives and contracts can create advantages for large investors.
According to the SovSpot Passport Ranking Index, the Cabo Verdean passport presently ranks 77th. It allows visa-free travel to 67 countries. Visa-free or visa-on-arrival access is available to Cabo Verde passport holders in countries such as the Philippines, Singapore, Indonesia, Kenya, Zimbabwe, Iran, Bolivia, and Panama. Cabo Verdean passport holders, on the other hand, need a visa to enter around 162 countries worldwide, including the European Union and the United States, resulting in a poorer overall mobility score.
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The number of countries Cape Verde passport holders can enter without a visa (i.e. visa-free countries) is added to the number of countries Cape Verde passport holders can enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) or an electronic travel authorization (i.e. visa-on-arrival countries) (eTA). There are now 37 visa-free countries for Cape Verde passport holders, 29 visa-on-arrival countries for Cape Verde passport holders, and 1 eTA destination. Cape Verde passport holders can access a total of 67 countries without a visa, via a visa on arrival, or using an eTA. As a result, the Cape Verde passport is ranked as the world's 77th best passport. Apart from the Cape Verde visa-free and visa-on-arrival countries, there are 162 other countries where Cape Verde passport holders will require a physical visa or an eVisa (i.e. visa required countries).
Children of parents with Cape Verdean citizenship are also granted citizenship. Those born overseas to a parent or grandparent from Cape Verde are eligible for Cape Verdean citizenship.
Note: Keep in mind that the costs for citizenship by descent applications can vary and depend on many factors, such as:
* In the case of first generation citizenship by descent, we assumed ONLY administration costs, which will be around $100 or less (usually free if application is done in the same country versus foreign embassy or consulate)
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