Cape Verde has a special "Cape Verdean emigrant" status that confers tax benefits on Cape Verde-source income. In particular, a 20% tax on bank CD interest is waived if you qualify. My wife and I will be emigrating from Cape Verde soon and would like to take advantage of these benefits. We want to know for planning purposes when the soonest would be that she would be able to qualify as an emigrant.
According to the Bank of Cape Verde's Banking Consumer Guide (p23-25; in Portuguese), to qualify as an emigrant you must prove that you reside permanently in a foreign country. From reading lists of requirements on various commercial banks' sites, I see that in most cases to be considered to "reside permanently" you must have a paid job or other income-generating activity.
It also seems that one might have to have resided and/or worked for a year in a foreign country before counting as residing permanently there.
What are the actual minimum requirements for this? Are they:
- Have a permanent residence permit, reside, and have a source of income?
- Have a permanent residence permit, reside for a year, and have a source of income?
- Have a permanent residence permit, reside for a year, and have had a source of income for a year?
If it's relevant, we'll be residing in the US. Neither of us receive any form of pensions.