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2.1. Main Formation Requirements

Following steps are involved for the establishment of a company in Cape Verde:

  • Reserving a unique company name
  • Opening a bank account and depositing the initial capital.  For companies not incorporated under the fast-track plan "Empresa no Dia", the initial amount must be deposited prior to registration
  • Paying the prescribed registration fees and registering the company with the Commercial Registry Department
  • Obtaining tax identification number, publishing the company statutes in official journal of Cape Verde and obtaining relevant licenses