Eternity Law International — Ready-made company in Cape Verde

Ready-made company in Cape Verde

Published:
April 20, 2020

What is included:

  • Ready-made company in Cape Verde,
  • Local bank account,
  • Legal address

Cost: on request.

FEATURES OF OPENING A COMPANY

In the event that you want to register your company in this state and open an account with a banking organization on the territory of the African continent, we suggest that you familiarize yourself with the following information.

There are several types of commercial type organizations in the country:

  • partnership;
  • limited liability partnership;
  • LTD;
  • limited partnership;
  • cooperatives.

The most beneficial is the form of LLC.

The organization of entrepreneurial activity, as in other countries, begins with the need to select a company name and submit for registration a detailed description of the goals that are planned to be achieved.

In addition, it should be noted that when creating a limited liability company, the founders will need to fulfill certain important conditions.

  1. The number of shareholders must exceed the threshold of two people.
  2. Share capital should be more than 2,500,000 local currencies (escudos), which is $ 28,196.
  3. A third of the amount must be deposited in local cash organization, and the rest over the next five years.
  4. It is important that the constituent documentation is signed by each shareholder.

COMPANY REGISTRATION

The procedure for registering an enterprise in the territory of this state and opening an account with a bank does not exceed four weeks in time.

Opening a company will require the personal presence of the founders in the country, as this procedure is not carried out remotely.

However, it is possible to register an enterprise without any particular difficulties online, but an identification number is only handed out on a personal visit.

Entrepreneurs have the opportunity to open an offshore company in the “free zone of Cape Verde”, as it is called.

Its main purpose is to receive investments from foreign citizens.

The companies located there carry out the manufacture and sale of goods that are used only for export to other countries or for the purpose of selling to other companies located in the same zone.

The accounting department of the company must compile quarterly, annual financial reports and provide declarations to the tax service. Contact us for more information.

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