Professional debt recovery services with local expertise
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Average time businesses wait for invoice payment
Modest%
Success rate for debt collection cases
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Average duration of legal proceedings
Low
Overall risk assessment for debt collection
Often celebrated for its tourism and political stability, Cape Verde, or Cabo Verde, offers unique opportunities and challenges for creditors seeking to recover debts in an island market. With its stable economic growth, international partnerships, and digitization of its administration, this island nation requires a localized, culturally sensitive, and legally informed approach to debt collection. Cape Verde is made up of 10 volcanic islands located in the central Atlantic Ocean, with a population of just over 550,000. Despite its limited natural resources, the country is a model of political stability, good governance, and economic resilience. A member of ECOWAS, the country has concluded preferential trade agreements with the EU.
Amicable debt collection is widely preferred in Cape Verde, where it is rooted in cultural expectations of direct communication and respect. The steps are generally as follows: Reminder letters and calls, often in Portuguese (the official language); In-person negotiation where possible, particularly effective in small communities; Sending a letter of formal notice (notificação extrajudicial); Use of a notary or local lawyer to reinforce legitimacy. Cape Verdean law allows for amicable settlements and written agreements that can then be enforced through the courts if necessary.
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