Forex trading in Cape Verde operates under a regulated framework overseen by Banco de Cabo Verde, the country's central bank. Foreign investors have the right to convert to freely convertible currency and transfer abroad all income from their investment, including net operating profit, dividends, royalties, and proceeds from asset sales, provided they comply with registration requirements (1).
The Cape Verdean exchange rate has been pegged to the Euro since 1999 at a fixed rate, and the country maintains an exchange system free of multiple currency practices and restrictions on making payments for current international transactions. Foreign investment must be registered electronically with Banco de Cabo Verde through the investment agency on the day following certificate issuance (1).
"Having complied with all obligations to which they are subject, foreign investors have the right to convert to any other freely convertible currency and transfer abroad all income from their investment which has been duly registered with Banco de Cabo Verde."
Cape Verde's economy has demonstrated strong performance with macroeconomic and financial stability maintained successfully by authorities. Economic growth reached 7.3 percent in 2024, fueled by tourism, accompanied by low 1.0 percent inflation and a current account surplus, reflecting the country's stable regulatory environment for foreign exchange operations (2).
Source:
https://investmentpolicy.unctad.org/investment-laws/laws/316/cabo-verde-investment-law-
https://www.imf.org/en/Publications/CR/Issues/2025/09/19/Cabo-Verde-Sixth-Review-Under-the-Extended-Credit-Facility-Arrangement-Request-for-570560
Last updated: 15-10-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
