Retirement & Benefits Guide · Cape VerdeRetirement & Benefits Guide in Cape Verde
Retirement visas, pensions, and healthcare for retirees
Retirement Visa Program
Retired Residence Visa
Retired Residence Visa requires age 60+, proof of stable passive income (approx. €1,200/month or 150,000 CVE), health insurance, and criminal record certificate. Issued for 1 year, renewable; path to permanent residency and citizenship after 5 years.
Pension System
Pay-as-you-go contributory system via INPS with old-age pension from age 65 (15 years contributions) or 60 early. Replacement rates 40-80% of average earnings; minimum 12,000 CVE ($120), maximum ~64,000 CVE ($640); social pension 6,000 CVE for needy elderly.
Pension Adequacy
Low minimum pensions (12,000 CVE) provide basic coverage but inadequate for comfortable living; replacement rates 40-80% vary by contributions, with supplementary private pensions limited.
Healthcare Access
Public healthcare available to residents with basic coverage; quality moderate in urban areas like Praia, private options exist but costs apply for expats without insurance.
Cost of Living
Retiree Community
Senior Benefits
Tax Benefits for Retirees
Territorial tax system taxes only local income; foreign pensions exempt. No wealth or inheritance tax, with double taxation treaties.
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