The parliament in Cape Verde has passed a act of parliament that will enable the granting of permanent residency permits to foreign owners of homes in the country. These permits will mean that owners will be given priority at the offices of the Foreign and Borders Service. Such priorities will also include a spouse and children aged under 14.
These Residency Permits will apply to properties costing over €80,000 in towns where the Gross Domestic Product is below the national average. In towns where the GDP is higher than the national average, it will apply to properties costing over €120,000.
The same bill also gives some exemptions from the Single Property Tax on the relevant properties. Retired people living in Cape Verde, but with income from elsewhere, will also receive some tax exemptions.