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CAPE VERDE: A HAVEN FOR BLOCKCHAIN AND CRYPTOCURRENCY ENTREPRENEURS

The Republic of Cape Verde, a Portuguese-speaking country off the coast of West Africa, has emerged as an attractive destination for entrepreneurs in the financial sector, blockchain, and cryptocurrencies. The country’s business-friendly environment and ease of registration make it an ideal location for setting up a firm.

Registration Requirements

To legally operate in Cape Verde, companies must:

Register with the Commercial Trade Department
Obtain a tax number
Secure a municipal license
Develop anti-money laundering (AML) and know-your-customer (KYC) policies to comply with international regulations

AML/KYC Compliance

Local authorities are paying close attention to AML/KYC compliance, requiring companies to implement measures to prevent money laundering and terrorist financing. This includes:

Identifying and mitigating risks
Verifying customers
Monitoring transactions
Protecting customer data

Establishing a Cryptocurrency Business in Cape Verde

For those seeking to establish a cryptocurrency business in Cape Verde, experts from Prifinance offer legal and organizational support. The consulting company helps entrepreneurs:

Select the appropriate jurisdiction and organizational form
Register their business
Obtain a cryptocurrency license
Manage their operations according to local regulations

Benefits of Working with Prifinance

With Prifinance’s assistance, companies can quickly and legally set up a cryptocurrency business and secure the necessary licenses. The experts provide:

Corporate structures tailored to Cape Verdean legislation
Business plans and tax models
Action strategies for establishing a successful cryptocurrency business
Documentation preparation, including AML/KYC policies and information security protocols

Conclusion

By leveraging Prifinance’s expertise, entrepreneurs can overcome bureaucratic hurdles and establish a thriving cryptocurrency business in Cape Verde.