Government approves issuance of Green Card for permanent residence of foreigners

Praia, Jan 8 (Inforpress) – The Government has approved the creation of a differentiated statute for the holder of a second residence in Cabo Verde, through the issuance of a Green Card to foreigners, granting permanent residence in the country indefinitely.

According to the Official Gazette, this measure also allows the possibility of exemption from the Single Property Tax (IUP), aiming to ensure that the process of issuing a Green Card to foreigners who acquire real estate in Cabo Verde is fast, effective and efficient.

It adds that if the Green Card holder is retired and the retirement income was not generated in Cabo Verde, he/she benefits from exemption under the Personal Income Tax Code (CIRPS).

“However, with the approval of the Law that created a differentiated statute for the holder of a second residence in Cabo Verde, it was foreseen a set of situations to be regulated by the Government, in order to complete the Law 30 / IX / 2018, of April 23,” notes the document.

OM/JMV/HVF

Inforpress

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