Purchasing a car in Cape Verde can be very expensive because of import duties and other taxes. Expect to pay double the price you would pay in Europe or America. In addition, they do not take into account the age of vehicles here in setting the price, only the make and model. So a car that is 5 years old will have the same price as the same car 5 years later.
One option used by many is to import their own vehicles. Returning immigrants can import one car duty free. However, if you are not a returning immigrant, you will pay a 100% import duty if the car is 5 years old or more; newer vehicles have lower duties but the duty is still very high.
Foreigners relocating to Cape Verde can avoid the import duties by starting a business and importing the car in the name of the business. You will owe nothing for 5 years (and you cannot sell the car for 5 years). After 5 years you must then pay the import duty. But you can simply sell the car for double your purchase price and then payoff the duty, or you can leave Cape Verde with your car and owe nothing.
Keep in mind the cost of shipping into or out of Cape Verde. This cost can reach a few thousand dollars. The cost of maintenance can be very high if you take your car to a local dealership or a local mechanic who has been professionally trained abroad.
The best deal is to import a USED car (in the name of a business you created), rather than a new car. Service the car at a local mechanic rather than a dealership. Then sell the car after 5 years and repeat the process. You should have enough money on the sale to pay any duties and to import another for your business.
What does it cost to own and maintain a car in Cape Verde?
Hello CVAngelo,
Thank you for this sharing of information 
Priscilla
Expat.com team
Hello Angelo.
We like to take our boat with us to CV. Do you know anything about the taxes?
Kind regards, Michel
Hi there, Michel,
I can tell you about the taxes on boats. But you'll first need to provide more details about the boat. What kind of boat is it? Is it a pleasure boat? Is it a fishing boat? How big is it? What kind of engines does it use?
Angelo
schoenmaekers wrote:Hello Angelo.
We like to take our boat with us to CV. Do you know anything about the taxes?
Kind regards, Michel
Hello Angelo.
Thanks for the quit response.
We have a Nautica catamaran 20. Its a RIB from 2014, 8 meters long with a 220 hp yamaha engine.
It is for professional use (divecenter).
Mayby you can tell us something about the licences for driving a boat aswell?
Is there a way to communicate privat so we can explain everything beter?
Kind regards, Michel
Hi Michel,
Just send me a private message so we can chat there.
If you are using the boat for a business purpose, you may not need to pay any taxes at all if the total value of your investment in tourism exceeds €45.000. In this case, you can apply for a tourism investor designation and the import taxes will be waived!
The license to drive the vessel is simple. If you already have a license to operate the vessel outside of Cape Verde, you can simply apply for the CV license at the AMP in Sal, including evidence that you already have the foreign vessel operators license (it must be officially translated to Portuguese).
Chat with me in private and I can help you with all the information you need regarding setting up your business and obtaining not just your boat operator's license but all the business registrations and licenses that you will need to start and operate your business, as well as the investor designation which will allow you to obtain waivers of your import duties as well as income taxes!
Angelo
schoenmaekers wrote:Hello Angelo.
Thanks for the quit response.
We have a Nautica catamaran 20. Its a RIB from 2014, 8 meters long with a 220 hp yamaha engine.
It is for professional use (divecenter).
Mayby you can tell us something about the licences for driving a boat aswell?
Is there a way to communicate privat so we can explain everything beter?
Kind regards, Michel
Are you still around CVA gelo
