Bancoii at Cape Verde

Bancoii belongs to a holding financial Group which have offered advice and Investment Banking services in Europe for more than ten years. The Group offers investment and financial services through its offices and affiliates in Switzerland, London, New York, Spain, Portugal, Poland, Panama, Hong Kong, Singapur and Dubai.

Bancoii in Cape Verde is our full licenced international wealth management operation. This international location have been selected for the flexibility, privacy and security it provide our clients and for the integrity of its financial and regulatory systems. Cape Verde offers bank secrecy and is not a tax haven.The Bank is regulated by the Cape Verde Central Bank (CVCB), which operates in accordance with Basle principles.

Cape Verde

As the closest tropical islands to Europe with stunning white sandy beaches and clear turquoise warm water, it is not surprising that Cape Verde, an independent country, was one of Channel 4's "20 Best Places to Buy in the Sun",while the BBC's Holiday programme described it as, "the next potential holiday hotspot". With the Cape Verde Government investing heavily in infrastructure and tourism as their top priority, opportunities for the discerning overseas property investor are there for the taking. The Government is also backing the financial sector, with a high growth of international Banks (“Instituciones Financieras Internacionales”) seeking to obtain a licence in Cape Verde. The purpose is converting Cape Verde as the “Switzerland of Africa”.

Cape Verde's tourist industry is growing rapidly, increasing by 12.7% between 2000 and 2003, and 15.6% between 2004 and 2007, according to the Millennium Institute, and this growth looks set to continue. A statement released late last year by government spokes woman Cristina Fontes Lima, said the number of tourist arrivals from 2006 were set to increase at an annual rate of 22% (Source: Afrol News), while some projections suggest that by 2015 as many as 1,000,000 tourists will be visiting the islands each year, forecast National Statistics Institute (INE). Cleary this demand will fuel a booming real estate industry with a wide range of projects available to foreign investors.

According to Maitland MacFarlan of the International Monetary Fund (IMF) Cape Verde's economic and policy performance "remains sound"; a confidence reflected in the Bank of Cape Verde's semester report, which showed gross domestic product (GDP) grow thin 2006 was higher than expected. The IMF report concluded that Cape Verde's strong economic growth had been mainly supported by "strong public and private investment, together with a sharp pickup in tourist arrivals." (Source: Afrol news).

Having all the qualities of earlier boom markets such Canary Islands, Turkey, and South Africa, many estate agents are predicting that Cape Verde is set to become the world's next property hot-spot. For example, the British journal 'Property Investor News' recently praised Cape Verde as being "one of the best locations worldwide to purchase property", and where the potential for a strong return was "clear to see". The magazine confidently predicts that "as soon as Cape Verde becomes a main stream holiday destination the price of property here will almost certainly increase drastically."

Please, for more information, see the enterprise surveys.com facts about Cape Verde here .