in São Tomé and Príncipe
invest in exotic prosperity
in São Tomé and Príncipe
The government actively supports entrepreneurs and creates conditions for
economic development.
By investing in São Tomé and Príncipe, you gain access to international markets and the opportunity to take advantage of investment incentives.
São Tomé and Príncipe is the ideal platform for entering a huge market that is hungry for innovation in the field of quality goods and services.
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Tourism and hospitality industry
São Tomé and Príncipe has unique natural resources — tropical forests, volcanoes, beaches and a rich ecosystem — making the country promising for the development of ecological and adventure tourism. In recent years, there has been a growing interest from tourists, especially from Europe, thanks to the country's safety and unspoilt nature. Investments in the hotel business, eco-resorts, agritourism, tour operator services and tourist infrastructure have undeniable potential!
- Fisheries and marine resourcesDue to its location, the country has rich marine resources. Fishing and aquaculture are important sectors of the economy, and the government is actively seeking foreign investors to develop the following areas: semi-industrial fishing, fishing and export of shellfish and seafood, processing and canning of fish and other seafood, and open sea fish farms. The most significant species are large pelagic fish, including swordfish and tuna.
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Energy
São Tomé and Príncipe has significant potential in the field of renewable energy, especially solar and hydroelectric power. Oil reserves have also been discovered in the country, opening up prospects for oil companies. Investors focused on the development of sustainable and renewable energy sources can find enormous potential here in the areas of hydroelectric power plant and mini-hydroelectric power plant operation, renewable energy source operation and production, and more.
- InfrastructureThe country has programmes in place to develop infrastructure, transport and communications, aimed at strengthening the commercial platform for both the country's domestic interests and the entire Gulf of Guinea sub-region. The areas that can be considered are: construction of a commercial seaport, construction/modernisation of an airport, civil engineering (construction of roads, bridges, etc.), construction of residential complexes, urban sewage treatment facilities, shipbuilding, repair and maintenance, bunkering and port transhipment, maritime transport to ensure frequent connections between the archipelago and the African subregion.
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ICT and IT
The San Gabriel submarine fiber optic cable landing station has a capacity of up to 5.12 Tbps, which opens up huge opportunities for the development of the digital economy, e-services and telecommunications. The speed and stability of the Sao Tome and Principe Internet will be ideal for IT startups, online services and digital infrastructure. It is also an excellent opportunity for e-commerce and financial IT services - financial technologies and online banking services can expand their presence thanks to improved access to data and communications, and here you can discover opportunities to develop e-commerce and digital payment platforms.
Main points
- Total population: about 200,000 (65% under 25)
- Capital: Sao Tome City (Agua Grande District)
- Political system: Multi-party democracy, stable
- Safety: Friendly population, very low crime rate
- Local currency: Dobra (STD), base currency is the Euro (1 € = 24.5 STD)
- Official language: Portuguese, Multi-ethnic country
- Local languages: Forro, Cape Verdean Creole, Angolar and Lunguje (Principe Island).
- Other languages: English and French (commercial languages)
- Telecommunications: Fiber optics and mobile internet with stable quality.
- Less than 2 hours flight from the main African markets (Angola, Nigeria, Cameroon, Ghana, Gabon), representing a potential of about 300 million consumers. Just over 6 hours flight from Europe.
- Full exemption from import duties on goods and equipment intended for starting a new business or expanding any current business;
- Income tax incentives, i.e. payment of corporate income tax at a rate of only 10 percent;
- Accelerated depreciation and reintegration - accelerated depreciation is allowed for investments made in the tourism, education, health and new technology sectors, as well as in all export-oriented sectors;
- A deduction from the taxable base for the purposes of calculating corporate income tax of no more than 50% of the amount invested in specialized equipment during the first five years from the date of commencement of activity;
- A deduction from the taxable base for the purposes of calculating personal income tax of no more than 50% of the amount invested in specialized equipment during the first five years from the date of commencement of activity; Deduction from the taxable base for the purposes of calculating corporate income tax of the cost of investments made in the professional training of Sao Tome workers.
- Have at least twenty percent (20%) of the capital;
- Prove that they have a stable economic and financial position to implement the project;
- Provide a certificate of negative debt to the state and social security authorities;
- Provide a feasibility study for the project acceptable to the state, demonstrating the creation of permanent jobs aimed at using the national workforce and promoting social responsibility;
- Submit a report analyzing and demonstrating the economic impact of the investment on the country.
Phone:
+239 983 71 48
Email:
manager.saotomeequatour@gmail.com
