We keep our promises. We are responsible to you, to Cape Verde and its people and ultimately to ourselves, to deliver what we promise. After all, we want you to tell everyone, including us, of your experience when investing with Tecnicil

No, the Cape Verdean government welcomes foreign investors. More importantly, you will be treated as a local and subjected to the same laws.

Cape Verde is a stable democracy with a growing economy, measured between 8-10% per year. With Tecnicil, you also benefit from the inherent guaranteed quality of your investment, capital growth and rental yield.

With Tecnicil, yes. Whatever investment you are considering in Cape Verde, always check if full title is available and that Planning Approval has been granted . It is also a good idea to check that the developer has a building licence, and that there are no outstanding debts on the property. Always ask for visual proof or get your lawyer to verify that these are legitimate.

Always choose an independent lawyer to prevent any conflicts of interest and to represent you in your absence. There are many good lawyers in Cape Verde who speak English and can guide you through the process (see "Legal" section).

After you have decided on the type of property you want to buy, we advise that you place a reservation deposit to prevent your property being sold to another investor. You can then commit to your programme of stage payments and only sign the Deed of Sale ("Escritura") when you are satisfied we have delivered on our promises.

These are now generally available for non-residents although the interest rates are higher than those of Europe. We can provide you with information of the banks who are offering these facilities or you can choose your own sources.

Discounts are only available when you pay a higher percentage of the price in your initial stage payments, prior to the start of construction. You can ask your agent EUPI Limited to explain these to you.

All of our contracts for purchase are fully assignable, after receiving permission from Tecnicil, which will not be unreasonably withheld.

Your first two stage payments, prior to the start of construction, are covered by a bank guarantee for 50% of your invested monies with Tecnicil.

Tecnicil is a solid, reputable Cape Verdean company, with a ten year track record of developing quality projects, and holds considerable assets. Should either of these events happen, one of several solutions under Cape Verdean law is that every investor is entitled to receive DOUBLE (200%) of all monies invested (part of the Tecnicil "Contract Of Purchase and Sale").

We recommend that you budget for an additional 6-8% of the property purchase price for payment of fees and taxes

There is a Property Rental programme offering guaranteed returns or you can choose to do your own.

There is a full Property Management programme in place to ensure that your property is well cared for in your absence.

We can introduce you to the local banks. It usually takes less than one hour.

Vila Verde construction will begin in September 2006.

The anticipated date of delivery is the 30th June 2008. We allow eighteen months for the construction of your property from the start date agreed on the signing of your Contract of Sale and Purchase.

Launch of sales for the first phase began on 17th March 2006. We have been very encouraged by the initial uptake of properties and we expect to have the second phase launch within two months.

The sea is roughly 300 meters away from Vila Verde at its nearest point. This distance helps to protect against salt spray and sand blown by the breeze.

Tecnicil is responsible for the delivery of utilities to every property. For services connections, you will sign an individual contract with each provider for the supply and payment of their services, just as in your own country.

You can do this yourself if you wish or we can provide full furniture packages to satisfy your requirements, whether you want to live in your property or rent it out.

Each apartment block has lifts for use by the residents.

There is 24 hour security on Vila Verde, both manned and CCTV. Access to Vila Verde is controlled but not restrictive.

Always check that the property you are intending to buy has full legal title i.e. does the developer own the land and is this transferable. Check that Planning permission and Building approval has been granted and that there are no outstanding debts or liens on the property. Ensure that the developer has the correct Building Licence and ask to see the relevant documents before committing to any investment.

Only in cases authorised by the Cape Verdean constitution viz. for nationalisation, demands for public service, or in cases of exceptional need to safeguard national interests. In all instances, just compensation will be paid to the owner.

The common way to buy property in Cape Verde is through the completion of a "Contract of Purchase and Sale" between the seller and buyer, before a public Notary. This contract must be in the form of a public deed which guarantees transparency, certainty and security to the transaction.

We would always recommend that you have an independent lawyer. The official language of Cape Verde is Portuguese and you should choose a lawyer who is bi-lingual, can practice Cape Verdean law, can guide you through the process and carry out your instructions. You can contact the Bar Association of Cape Verde as follows: Ordem dos Advogados de Cabo Verde Tel Nos: + 238 261 9755/6 Fax: + 238 261 9754

Yes, unless you intend to be present in Cape Verde to sign the Promissory Contract, the Deed ("Escritura") on completion and to obtain a Cape Verde Tax Card. If you choose to appoint a lawyer outside Cape Verde e.g. in the United Kingdom, the Power of Attorney must be completed in Portuguese (get a local translation) and must be: 1. Signed in front of a Notary Public 2. Endorsed (an "Apostille") by the relevant authorities in your own country 3. Submitted for legalization by the Cape Verde Honorary Consul The procedure must be followed in this order or the Power of Attorney may be invalidated.

Under your instructions, your lawyer should complete the relevant searches at the Land Registry and local Municipal Authority offices for charges against the property or restrictions on title. Check that the property has a valid permit of habitation. *Obtain for you: • "Certidao do Registo Predial" -certificate from the land registry. • "Planta de Localizacao" - official land registry map showing the property's exact location. "Certidao Matricial" - Tax Certificate. (*If the property is not registered, your lawyer needs to obtain: "Certidao Pela Negativa" - a certificate confirming that the property is not registered to any person. "Certidao Matricial para o Efeito" - a certificate from the tax authorities confirming the tax certificate can be issued. In all cases, it is essential to make sure that the property can be both legally occupied and transferred to new ownership.) Check that there are no outstanding taxes, debts or bills on the property. Apply for a Cape Verde Tax Card and NIF ("O Numero de Identificaçao Fiscal") on your behalf. Ensure that the contract specifies all the terms and details of the property purchased (see Q.8.). If these are not included, the lawyer may arrange for these to be added. With your approval, sign the Promissory Contract of Purchase and Sale ("Contrato Promessa de Compra e Venda") in the presence of a Notary Public in Cape Verde. On completion: o Pay the property Transfer Tax. o Pay the Notary's fees o Pay the Registration fees o Pay the Stamp Duty o Sign the Deed of Conveyance ("Escritura") in the presence of a Notary Public after the thirty day notice period, which confirms formal transfer of ownership of the property. The Notary reports the transfer of ownership to the local Municipal Authority, who will update their records by registering the new owner. It is also advisable for you to draw up a “Will” in Cape Verde even if you include your property in your “Will” in your own country.

3% on 25% of the attributed value, which can be paid in one or two instalments.

1. On land sold for construction, is taxable if the sale price is greater than 200% of the original purchase price 2. On any other property, is taxable if the sale price exceeds 130% of the original purchase price Capital Gains Tax ("Mais Valia") on property is 3%, based on 70% of the increase in value, excluding the allowances detailed in (1) & (2) above. Taxes should be paid within 30 days of signing the Deed. At the same time, a Statement of Capital Gains ("Declaracao de Mais Valais") must be submitted to the tax authorities

3% of the attributed value

3% of the attributed value