Main Investment costs

*Cape Verde Escudo (ECV)

1. Water tariffs for AdS – Waters of Santiago (Praia) (Effective since July 1, 2017)

Base Rate without VAT

VARIABLE RATE (ECV/M3)

Applicable to Hotels, Pensions, and other similar establishments

475.00

Companies and industrial utilizations in Factories, Workshops, and similar facilities.

475.00

Applicable to public and private Commercial Establishments, air and maritime navigation Companies, Warehouses

Up to 20 m3/30 days

300.00

More than 20 m3/30 days

475.00

FIXED RATE (ECV/30 days)

<=20 mm

240.00

25 to 40 mm

480.00

50 mm

960.00

>50 mm

1,200.00

Source: ARE – Economic Regulation Agency

 

2. Prices charged by Electra, SA (Effective from March 6, 2018)

Levels

Base Rate (T)

VAT (15%)

Rate w/ VAT

Low Domestic Voltage

<= 60 KWh/month

22.69

3.40

26.09

> 60 KWh/month

29.55

4.43

33.98

Special Low Voltage

 

25.70

3.85

29.55

Medium Voltage

 

21.38

3.21

24.59

Public Lighting

 

22.68

3.40

26.09

Source: ARE – Economic Regulation Agency

 

3. Maximum Fuel Sales Prices, ECV/Liter (Effective from October 1st to 31st, 2018)

Products

Activity

Price

Gasoline

Sale at Points of Sale

131,90

Oil

Sale at Points of Sale

94.40

Diesel

Sale at Points of Sale

110.30

Sale to Electricity

95.10

Sale to National Navy

80.60

Source: ARE – Economic Regulation Agency

 

4. Tariff of Inter-island Maritime Transport of Goods

Distance, miles

Goods, Ecv/m3

Goods in cold chambers /Products, Ecv/Kg

   

Fish

Beef

Other meat

Dairy/Fresh

0-50

935.00

4.24

10.01

6.05

4.84

51-90

1,390.00

4.84

13.31

8.47

5.45

>90

2,090.00

5.45

14.52

9.68

6.05

Source: Ordinance No. 19/2006 of August 14 – Published in the Official Bulletin No. 25 I Series, of August 14, 2006

 

5. Minimum Wage

Employees working for others, subject to the Labor Code regime, are guaranteed a minimum monthly wage of $13,000 (thirteen thousand escudos) – around 117.90 EUR, as long as they fulfill the normal working period, set by the employer. However, this amount is subject to a 20% reduction for apprentices and interns.

Source: Ordinance No. 19/2006 of August 14 – Published in the Official Bulletin No. 25 I Series, of August 14, 2006

Sources: