Tentmaker Reports

Cabo Verde Report

Entrepreneurial Missions Index


General Information


507,258 (158th most populous country in the world)

Roman Catholic


Food and beverages, fish processing, shoes and garments, salt mining, ship repair

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Cabo Verde, visit https://www.cia.gov/library/publications/the-world-factbook/geos/cv.html.

Business Information

The World Bank ranks Cabo Verde as 118 out of 183 economies in terms of ease of doing business. The country ranks as 127 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Cabo Verde.

In order to start a business in Cabo Verde, one must follow these procedures:

  1. Search for company name and reserve the proposed name
  2. Deposit the legally required initial capital in a bank and obtain deposit evidence
  3. Registration with the commercial registry
  4. Obtain municipal license
  5. Receive license inspection from municipality
  6. Register workers with the Social Security Office
  7. Register workers with accident insurance at insurance company
  8. Register workers with labor inspectorate
  9. Obtain and legalize the special company books

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Cabo Verde, visit http://www.doingbusiness.org/.


To learn more...


Cabo Verde Economic Freedom

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland.  It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world.  The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking.  The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.

Cabo Verde Summary


1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

Contact Us

Have questions, feedback or want to connect? Send us an email at [email protected] , and we'll get back with you as quickly as possible. We'd also love to connect on our social media platforms.