Cabo Verde Investimentos

Cabo Verde Investimentos, commonly abbreviated as CI, is a Cape Verdean agency responsible for promoting national and foreign investment and supporting the export of Cape Verdean goods and services. Its work positions the country as an investment destination, particularly in tourism, while also seeking to improve the conditions under which domestic and international investors establish and expand projects. The institution traces its origins to PROMEX, an organization created on August 27, 1990 under Law No. 69/90. PROMEX was initially associated with the promotion of tourism, investment and exports, and its legal framework was subsequently amended in January 1992. In 2004, the institution was reorganized through the merger of PROMEX with IADE, the Institute for Business Development Support. The resulting organization adopted the name Cabo Verde Investimentos under Resolution No. 21/2004, approved in September 2004, and became the Cape Verdean agency dedicated to investment promotion. CI functions as a first point of contact for investors considering projects in Cape Verde. Its responsibilities include promoting the country as a tourism-investment destination, identifying and attracting overseas investors, supporting programs for the export of products and services, and encouraging the development of competitive advantages within the national economy. The agency also facilitates contact among project promoters, investors, public bodies and private-sector organizations. An important part of its service model is the Balcão Único de Investimento, or Single Investment Counter. The electronic platform is intended to make the investment-approval process more efficient by consolidating interactions between CI and the parties involved in investment projects. The agency states that investment projects can be processed through in-person or remote procedures, with institutional support available to applicants. The reference material describes a target or process period of up to 75 days for completing investments through the relevant system. The agency has supported the establishment of companies and projects in Cape Verde, including hotel and resort operators such as RIU, Hilton and The Resort Group. Investment links have historically been particularly strong with European countries, including Spain, Italy, the United Kingdom, Ireland and Portugal. The agency has also identified investment from Angola, Brazil and other African countries as part of the broader expansion of Cape Verde's international investor base. CI is therefore not primarily a consumer-facing commercial brand. Its role is institutional and service-oriented: it markets the country as a place to invest, helps investors navigate administrative procedures, and supports the internationalization of Cape Verdean economic activity. The available reference material identifies an organization of approximately 29 employees, including its board of directors, but does not provide a current leadership roster, detailed financial information or a full account of its present organizational structure.

Cabo Verde Investimentos developed from Cape Verde's earlier institutional effort to coordinate tourism, investment and export promotion. Its predecessor, PROMEX, was established on August 27, 1990 under Law No. 69/90. The organization operated within a framework that was amended on January 21, 1992, reflecting the continuing development of the country's investment and export-promotion machinery. A major institutional change occurred in 2004. PROMEX was merged with IADE, the Institute for Business Development Support, bringing investment and business-development functions into a single organization. Resolution No. 21/2004 provided for the adoption of the Cabo Verde Investimentos name in September 2004. The reconstituted agency was established as the Cape Verdean body responsible for promoting investment. Following this reorganization, CI's mandate covered both the attraction of external capital and the development of domestic economic capacity. Its stated objectives included creating favorable conditions for national and foreign investment projects, promoting Cape Verdean goods and services abroad, identifying potential investors, and strengthening the country's competitive advantages. Tourism became a particularly important area of promotion because of its relevance to Cape Verde's international investment profile. CI also expanded its role from country marketing into practical investment facilitation. It became a contact point for project promoters and investors and worked to connect them with public and private institutions involved in the approval and implementation of projects. The Balcão Único de Investimento, or Single Investment Counter, was created as an electronic platform to simplify these interactions. The platform supports both in-person and remote submission routes and is designed to reduce friction in the investment process. Reference material describes projects as being completed within a period of up to 75 days through the relevant procedures. The agency has supported the entry or establishment of international hotel and resort businesses in Cape Verde, including RIU, Hilton and The Resort Group. Its investor outreach has been associated especially with European markets such as Spain, Italy, the United Kingdom, Ireland and Portugal, while Angola, Brazil and other African countries have also been identified as sources of investment. The available material describes CI as an active organization with roughly 29 employees, including its board of directors. It does not provide sufficient information to establish a complete chronology of individual projects, changes in leadership, budgets, ownership arrangements or recent performance. Consequently, the documented history is strongest on the agency's institutional origins, 2004 consolidation and investment-facilitation mandate.

• 2004

  PROMEX and IADE merged

  [1]Cabo Verde Investimentosen.wikipedia.org

  PROMEX and IADE, the Institute for Business Development Support, were combined as part of an institutional reorganization.

• 2004

  Cabo Verde Investimentos created

  [1]Cabo Verde Investimentosen.wikipedia.org

  Resolution No. 21/2004 established the Cabo Verde Investimentos identity and its role as Cape Verde's investment-promotion agency in September 2004.

• 1992

  PROMEX framework amended

  [1]Cabo Verde Investimentosen.wikipedia.org

  The legal framework governing PROMEX was amended on January 21, 1992.

• 1990

  PROMEX established

  [1]Cabo Verde Investimentosen.wikipedia.org

  PROMEX, the predecessor focused on tourism, investment and export promotion, was created on August 27, 1990 under Law No. 69/90.

A government-linked national investment-promotion and export-support agency that serves as a gateway for investors entering Cape Verde and as a facilitator of tourism, business and export development.

• Investment attraction

  Investment promotion

  CI promotes Cape Verde as a destination for national and foreign investment. The service includes communicating investment opportunities, identifying potential investors and helping project promoters connect with the public and private institutions needed to develop projects.

• Tourism development

  Tourism investment promotion

  Tourism is one of CI's principal promotional areas. The agency markets Cape Verde's tourism-investment proposition and has supported the establishment of international hotel and resort operators, including RIU, Hilton and The Resort Group.

• Digital public-service platform

  Balcão Único de Investimento

  The Single Investment Counter is an electronic platform intended to streamline investment applications and coordination. It supports remote and in-person procedures and brings investors, project promoters, CI and relevant institutions into a more integrated approval process.

• Export support

  Export promotion

  CI promotes Cape Verdean goods and services in external markets and supports business programs intended to expand the country's export activity. The available sources do not specify a separate product catalogue or named export programs.

1. 1Cabo Verde Investimentosen.wikipedia.org
2. 2Cabo Verde Investimentos official websiteci.cv