Main Investment costs
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:
- ARE – Economic Regulation Agency
- Ordinance No. 19/2006 of August 14 – Published in the Official Bulletin No. 25 I Series, of August 14, 2006
- Cape Verde TradeInvest – 2017 Context Costs