RESTRICTED  WORLD TRADE  
ORGANIZATION  WT/ACC/SPEC/CPV/3/Rev.2 
30 November 2005 
 (05-5688) 
Working Party on the  
Accession of Cape Verde Original:   English 
 
 
  
ACCESSION OF CAPE VERDE 
 
Initial Offer on Specific Commitments in Services
 
 
Revision  
   The following submission, dated 23 November 2005,  is being circulated at the request of the 
Delegation of the Republic of Cape Verde. 
  
_______________ 
  WT/ACC/SPEC/CPV/3/Rev.2 
Page 2 Modes of supply:   (1)  Cross-Border supply   (2)  Consumption abroad   (3)  Commercial Presence   (4)  Presence of natural per sons 
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
I. HORIZONTAL COMMITMENTS (APPLICABLE TO A LL SECTORS INCLUDED TO THIS SCHEDULE) 
 (3) Notification to and examination by 
CVinvestment.  (3) The Foreign Investment Law applies 
to the entry of new foreign investors after establishment in the Republic 
of Cape Verde. Upon submission of a complete 
application, a decision authorizing the foreign investment will be made within 30 
days of the date of application.  If a 
decision is not made within 30 days, the authorization is considered granted. 
  (3) Foreign firms may be required to 
train and upgrade the technical and 
management skills of local employees.   
 (4) Unbound except for measures 
concerning the entry and temporary 
stay of natural persons in the following categories:  
   
 - Business Visitors  
 
Persons not based in the Republic of Cape 
Verde and receiving no remuneration from a source located within the Republic 
of Cape Verde, who are representatives of 
business carrying on activities in a WTO member who are seeking temporary entry 
into Cape Verde  for the purpose of 
negotiating for the sale of the services of that business, entering into agreements to 
sell services for that business, 
participating in business meetings or preparing for the establishment of a 
commercial presence, where those 
representatives will not be engaged in making direct sales to the general public. 
 
Entry for Business Visitors is limited to  90-days in any 12 months. 
 
- Intra-Corporat e transferees 
 
 
People who have been employed by their firm for a period of not less than one year 
and who seek temporary entry in order to     WT/ACC/SPEC/CPV/3/Rev.2
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Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
render services to the same employer or a 
branch or a subsidiary of affiliates of that employee, more specifically, who are one 
of the following: 
 - Managers
 
 
Persons within an organization who primarily direct the organization, or a 
department or sub-division of the 
organization, supervise and control the work of other supervisory, professional or 
managerial employees, have the authority 
to hire and fire or recommend hiring and firing, or other personnel actions (such as 
promotion or leave authorization), and 
exercise discretionary authority over day-to-day operations.  Do es not include first 
line supervisors, unless the employees 
supervised are profe ssionals, nor does it 
include employees who primarily perform 
tasks necessary for the provision of the service. 
 
- Executives
 
 
Persons within the organization who 
primarily direct the management of the organization, establish the goals and 
policies of the organization or a major 
component or function of the organization, exercise wide latitude in 
decision-making, and receive only general 
supervision or direction from higher-level executives, the board of directors, or 
stockholders of  the bu siness.  Executives 
would not directly perform tasks related to the actual provision of a service or 
services of the organization.  WT/ACC/SPEC/CPV/3/Rev.2 
Page 4 Modes of supply:   (1)  Cross-Border supply   (2)  Consumption abroad   (3)  Commercial Presence   (4)  Presence of natural per sons 
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
 - Specialists  
 Persons within an organization who 
possess knowledge at an advanced level 
of continued expertise and who possess proprietary knowledge of the 
organization's services, research, 
techniques, or management.  Specialists may include, but are not limited to, 
members of licensed professions. 
 Entry for ICTs is limited to one year, 
renewable annually for up to five years 
 -    Contractual Service Suppliers
 
 
Persons as employees of an enterprise engaged in substantive business in the 
Republic of Cape Verde without having a 
commercial presence in the Republic of 
Cape Verde who provide a service as a 
professional of a service sector pursuant to a contract between the enterprise and a 
client in Cape Verde, and who have been 
employed by this enterprise for a period of at least one year prior to their entry into 
Cape Verde. 
 Foreigners desiring a residence permit 
must demonstrate a source of income for 
their sustenance while in Cape Verde and be of good character in order to obtain a 
residence permit.     
 Entry for such foreigners is limited to a 
one-year period (residence permit) that 
may be extended for indefinitely, except for intra-corporate tr ansferees working on 
information systems or communication 
systems whose stay may be extended no 
more than four time.     WT/ACC/SPEC/CPV/3/Rev.2
 Page 5Modes of supply:   (1)  Cross-Border supply   (2)  Consumption abroad   (3)  Commercial Presence   (4)  Presence of natural per sons 
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
II. SECTOR-SPECIFIC COMMITMENTS 
1. BUSINESS SERVICES  
A. Professional services 
(a)  Legal services related to the law of 
jurisdiction where service supplier is qualified as a lawyer 
 (CPC 861) (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
- Arbitration and conciliations 
 services  
 (CPC 86602) (1)   None  
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(b) Accounting, auditing and 
bookkeeping services  
 (CPC 862  (1) None, except registration with 
General Directorate of Finance  
required 
(2)  None 
(3)  None, except registration with 
General Directorate of Finance 
required 
(4)    Unbound, except as indicated under 
Horizontal Commitments (1)   None 
 
 (2)   None 
(3)   None 
 
 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(c) Taxation services 
 (CPC 863)  (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments  
(d)  Architectural services  
 (CPC 8671)  (1) None  
(2)  None (3)  None  
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(e) Engineering services  
 (CPC 8672) 
(f) Integrated engineering services  
 (CPC 86739) (1) None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments   WT/ACC/SPEC/CPV/3/Rev.2 
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Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
(g) Urban planning and landscape 
architectural services  
 (CPC 8674) (1) Unbound 
(2) None (3)   None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(i)  Veterinary services  
 (CPC 9320) (1)  Unbound   
(2)  None 
(3)  None, except must be qualified to 
practice in home country and must register with the Ministry of 
Agriculture and be member of 
Veterinarians' Professional Association 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
  
 
  
(4) Unbound, except as indicated under 
Horizontal Commitments  
B. Computer and Related Services  
(a) Consultancy services related to the 
installation of computer hardware  
 (CPC 841) 
(b) Software implementation services 
 (CPC 842) 
(c) Data processing services   (CPC 843) 
(d) Data base services  
 (CPC 844) (e) Other  
 (CPC 845-849) (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
C. Research and Development Services 
(a) R&D services on natural sciences 
and engineering 
 (CPC 851)  (1)  Unbound   
(2)  None (3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments   
(b) R&D services on social sciences and 
humanities  
 (CPC 852) (1)  Unbound   
(2)  None 
(3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments     WT/ACC/SPEC/CPV/3/Rev.2
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Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
(c) Interdisciplinary R&D services  
 (CPC 8530) (1)  Unbound   
(2)  None (3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments   
D.  Real Estate Services 
(a) Involving own or leased property  
 (CPC 821) (1)  Unbound 
(2)  None 
(3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(b)  On a fee or contract basis  
 (CPC 822) (1)  Unbound 
(2)  None 
(3)  None (4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments  
E.  Rental/Leasing Services without Operators 
(c)  Leasing or rental services 
concerning private cars without 
operator 
 (CPC 83101) - Leasing or rental services 
concerning  other land transport 
equipment without operator  
 (CPC 83105) 
(d)  Leasing or rental services 
concerning machinery or equipment without operators 
 (CPC 83106, 83107, 83108, 83109) (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments   WT/ACC/SPEC/CPV/3/Rev.2 
Page 8 Modes of supply:   (1)  Cross-Border supply   (2)  Consumption abroad   (3)  Commercial Presence   (4)  Presence of natural per sons 
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
F.   Other Business Services 
(a)   Advertising services  
 (CPC 871) (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(b)  Market research and public opinion 
polling services  
 (CPC 8640) (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(c) Management consulting services  
 (CPC 8650) (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments  
(d) Services related to management 
consulting  
 (CPC 86601) (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(e) Technical testing and analysis 
services  
 (CPC 8676) (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments  
(f) Services incidental to agriculture, 
hunting and forestry  
 (CPC 881) (1)  Unbound 
(2)  None (3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(g)  Services incidental to fishing  
 (CPC 8820) (1)  Unbound 
(2)  None 
(3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(h)  Services incidental to mining  
 (CPC 8830) (1)  Unbound 
(2)  None 
(3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments    WT/ACC/SPEC/CPV/3/Rev.2
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Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
(i) Services incidental to manufacturing  
 (CPC 884) (1)  Unbound 
(2)  None (3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)  Unbound 
(2)  None (3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments  
(m) Related scientific and technical 
consulting services 
 (CPC 8675) (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(n)   Maintenance and repair of 
equipment, excluding maritime 
vessels, aircraft or other transport equipment  
 (CPC 633, 8860-8866) (1)  Unbound 
(2)  None 
(3)  None (4)  Unbound, except as indicated under 
Horizontal Commitments (1)  Unbound 
(2)  None 
(3)  None (4)  Unbound, except as indicated under 
Horizontal Commitments  
(s)  Planning, managing and marketing 
services for conventions and similar events  
 (CPC 87909) (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(t)  Translation services  
 (CPC 87905) (1)  None, other than for government 
documents and events 
(2)  None (3)  None, other than for government 
documents and events 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
 
(2)   None (3)   None 
 
(4) Unbound, except as indicated under 
Horizontal Commitments  
2. COMMUNICATION SERVICES 
B. Courier Services limited, to  the 
collection, sorting, transport, and 
delivery of documents, printed matter, parcels, goods, other items 
on an expedited basis; provided that  
the transport originates or terminates outside the territory of Cape Verde 
(and is not intra- or inter-island) and  
CPC 7512) (1)  None 
(2)  None 
(3)  None  (4)  Unbound (1)  None 
(2)  None 
(3)  None (4)  Unbound   WT/ACC/SPEC/CPV/3/Rev.2 
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Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
C. Telecommunication Services 
 Unless otherwise specified, the Commitments in this sector have been scheduled in accordance with the "Notes for Scheduling Ba sic Telecom Services Commitments 
(S/GBT/W/2/Rev. 1) and "Marke t Access Limitations on Spect rum Availability" (S/GBT/W/3) 
 
   The Republic of Cape Verde undertakes 
the obligations contained in the attached 
Reference Paper with respect to provision of telecommunications services, other 
than electronic mail, voice mail, on-line 
information and data base retrieval, EDI, code and protocol conversion 
 
CVTelecom has a monopoly on fixed-line voice local and domestic long distance 
service and all international voice and 
data services.  Cape Verde will provide unlimited market access and full national 
treatment for any service initially covered 
by the monopoly immediately upon 
termination, or by the end of 2010, 
whichever comes first. 
- International voice and data 
transmission services 
 Domestic and national long-distance 
voice services  
 - on a fixed-line facilities-basis   
 -  for public use (1)  Unbound, except none as of the 
termination of the monopoly or 
31 December 2010, whichever 
comes first. 
(2)  Unbound, except none as of the 
termination of the monopoly or 
31 December 2010, whichever comes first. 
(3)  Unbound, except none as of the 
termination of the monopoly or 31 December 2010, whichever 
comes first. 
(4)  Unbound, except as set forth in the 
Horizontal Commitments  (1)  None 
 
 
 (2)  None 
 
  
(3)  None 
  
 
(4)  Unbound, except as set forth in the 
Horizontal Commitments  
 Domestic and national long distance 
data services: 
  - on a fixed-line facilities-basis   
 -  for public use (1)  Unbound, except none as of the 
termination of the monopoly or 
31 December 2010, whichever comes first. 
(2)  None 
(3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
 
  
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments    WT/ACC/SPEC/CPV/3/Rev.2
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Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
- Voice and data transmission 
services: 
 
 -  on a resale basis  
 -  for public use  (1)  Exclusively over the network of or 
circuits leased from a carrier licensed to provide facilities-based 
services 
(2)  Exclusively over the network of or 
circuits leased from a carrier 
licensed to provide facilities-based 
services 
(3)  Exclusively over the network of or 
circuits leased from a carrier 
licensed to provide facilities-based services 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
  
 
(2)   None  
 
 (3)   None 
 
  
(4) Unbound, except as indicated under 
Horizontal Commitments  
- Radio-based services: 
 
 -   paging 
 (1)  Unbound 
(2)   None 
(3)   None, except only three operators 
will be licensed 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)  Unbound 
(2)   None 
(3)   None 
 
(4)   Unbound, except as indicated under 
Horizontal Commitments  
- Local and domes tic long distance 
voice and data transmission services 
over a wireless network 
 (1)  Unbound, except none as of the 
termination of the monopoly or 
31 December 2010, whichever 
comes first. 
(2)  None 
(3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)  Unbound, until the termination of 
the monopoly.  Unbound, as of the 
termination of the monopoly. 
 (2)  None 
(3)  None  
(4)  Unbound, except as indicated under 
Horizontal Commitments  
-  Voice and data transmission services 
 for non-public use only (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments   WT/ACC/SPEC/CPV/3/Rev.2 
Page 12 Modes of supply:   (1)  Cross-Border supply   (2)  Consumption abroad   (3)  Commercial Presence   (4)  Presence of natural per sons 
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
- Electronic Mail, Voice Mail, On-line 
information and data base retrieval, EDI, Code and Protocol Conversion  
 (1)  Unbound, except none as of the 
termination of the monopoly or 31 December 2010, whichever 
comes first.  
(2)  None, except if over fixed lines, 
exclusively over the network of or 
circuits leased from a carrier 
licensed to provide facilities-based services.  Radio-based:  none. 
(3)  None, except if over fixed lines, 
exclusively over the network of or circuits leased from a carrier 
licensed to provide facilities-based 
services.  Radio-based: none. 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)  Unbound, until the termination of 
the monopoly.  None, as of the termination of the monopoly. 
 
(2)  None  
 
  
(3)  None 
  
 
 (4)  Unbound, except as indicated under 
Horizontal Commitments  
- Telecommunications related services  
 (CPC 754) (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
D.  Audiovisual Services 
(a)  Motion picture and video tape 
production and distribution services  
 (CPC 9611) (b)  Motion picture projection services  
 (CPC 9612) 
(c)  Radio and television services   (CPC 9613) 
(d) Sound recording services (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments    WT/ACC/SPEC/CPV/3/Rev.2
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Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
3. CONSTRUCTION AND RELATED ENGINEERING SERVICES 
A. General construction work for 
buildings  
 (CPC 512) 
B.   General construction work for civil 
engineering  
 (CPC 513) 
C.   Installation and assembly work  
 (CPC 514, 516) D.  Building completion and finishing 
work  
 (CPC 517)  E. Other Construction Services 
 (CPC 511, 515, 518)  (1)   Unbound 
(2)   None (3)   None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
(4)   Unbound, except as indicated under 
Horizontal Commitments  
4. DISTRIBUTION SERVICES  
B.  Wholesale trade services, excluding 
the importation of tobacco; and importation and sale of: 
 - precious metals for use by the 
national bank  
 - pharmaceuticals; produced in 
Cape Verde for a period of three years from the date of accession 
and  
 - fuel   (CPC 622) 
 
C. Wholesale trade services, relating to 
the sales of automobiles  
 (CPC 631 and 632) 
D. Franchising services  (CPC 8929) 
E. Other 
  - Retailing Services, including the 
sale of pharmaceuticals and fuel (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments   WT/ACC/SPEC/CPV/3/Rev.2 
Page 14 Modes of supply:   (1)  Cross-Border supply   (2)  Consumption abroad   (3)  Commercial Presence   (4)  Presence of natural per sons 
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
5. EDUCATIONAL SERVICES 
 The educational services listed below are limited to privately funded education services and ex clude education services funded  from government resources 
B. Secondary education services 
 (CPC 922) 
C. Higher education services   
 (CPC 923) D.   Adult education  
 (CPC 924) 
E. Other educational services         (CPC 929 (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4)  Unbound, except as indicated under 
Horizontal Commitments   
6. ENVIRONMENTAL SERVICES 
A.  Sewage services  
 (CPC 9401) 
B.  Refuse disposal services  (CPC 9402) 
D. Sanitation and similar services  
 (CPC 9403) E.  Other 
 
 - Cleaning services of exhaust 
gases  
  (CPC 9403)  - Noise abatement services  
  (CPC 9405) 
 - Nature and Landscape protection 
services  
  (CPC 9406) 
 - Other    (CPC 9409) (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments    WT/ACC/SPEC/CPV/3/Rev.2
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Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
7. FINANCIAL SERVICES  
A.  All insurance and insurance-related services  
- Direct insurance (including co-
insurance): 
 
 - (a) life 
 - (b) non-life (1)  Unbound 
(2)   None (3)   None, except service provider must 
take form of limited liability 
company 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
 
 (4) Unbound, except as indicated under 
Horizontal Commitments  
(c)  Reinsurance and retrocession (1)  None 
(2)   None (3)   None, except service provider must 
take form of limited liability 
company 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
 
 (4) Unbound, except as indicated under 
Horizontal Commitments  
(d) Services auxiliary to insurance, such 
as consultancy, actuarial risk 
assessment and claim settlement 
services  (1)  None 
(2)   None 
(3)   None, except service provider must 
take form of limited liability company 
(4)  Unbound, except as indicated under 
Horizontal Commitments  (1)  None 
(2)   None 
(3)   None 
  
(4)  Unbound, except as indicated under 
Horizontal Commitments   
-  Insurance intermediation, such as 
brokerage and agency (1)  Unbound, except for reinsurance 
where: none    
(2)  None 
(3) None, except qualification as an 
agent requires two year residency in 
Cape Verde and qualification as a 
broker requires three years of work as an insurance agent in Cape Verde 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
 
(2)   None 
(3)   None  
 
  
(4) Unbound, except as indicated under 
Horizontal Commitments   WT/ACC/SPEC/CPV/3/Rev.2 
Page 16 Modes of supply:   (1)  Cross-Border supply   (2)  Consumption abroad   (3)  Commercial Presence   (4)  Presence of natural per sons 
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
B. Banking and other financial s ervices (excluding insurance) 
(a)  Acceptance of deposits and other 
repayable funds from the public;  
(b)  Lending of all types, including 
consumer credit, mortgage credit, 
factoring and financing of commercial transaction;  
(c) Financial leasing;  
(d) All payment and money 
transmission services, including 
credit, charge and debit cards, 
travellers cheques and bankers drafts;  
(e) Guarantees and commitments;  
(f) Trading for own account or for 
account of customers, whether on an 
exchange, in an over-the-counter 
market or otherwise, the following: 
 
- money market instruments 
(including cheques, bills, certificates 
of deposits);  
- foreign exchange;  - derivative products including, but 
not limited to, futures and options;  
- exchange rate and interest rate 
instruments, including products such 
as swaps, forward rate agreements;  
- transferable securities;  - other negotiable instruments and 
financial assets, including bullion. 
 (g)  Participation in issues of all kinds of 
securities, including underwriting 
and placement as agent (whether publicly or privately) and provision 
of services related to such issues;  
(h)  Money broking;  
(i) Asset management, such as cash or 
portfolio management, all forms of collective investment management, 
pension fund management, custodial, (1)  Unbound 
(2)  None (3)  None, except service provider must 
be set up in the form of a limited 
liability company.  
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
 
 (4) Unbound, except as indicated under 
Horizontal Commitments    WT/ACC/SPEC/CPV/3/Rev.2
 Page 17Modes of supply:   (1)  Cross-Border supply   (2)  Consumption abroad   (3)  Commercial Presence   (4)  Presence of natural per sons 
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
depository and trust services;  
(j) Settlement and clearing services for 
financial assets, including securities, 
derivative products, and other 
negotiable instruments;  
(k) Advisory, intermediation and other 
auxiliary financial services on all the 
activities listed in subparagraphs 
(v) through (xv), including credit reference and analysis, investment 
and portfolio research and advice, 
advice on acquisitions and on corporate restructuring and strategy; 
(l)  Provision and transfer of financial 
information, and financial data processing and related software by 
suppliers of other financial services.  (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
9. TOURISM AND TRAV EL RELATED SERVICES 
A.  Hotels and restaurant service 
 (CPC 641, 642, 643) 
 (1)  Unbound 
(2)  None 
(3)  None, except operation of hotels is  
1) subject to an economic needs test if hotel seeks to take advantage of 
the investment incentives under 
Tourism Utility Law and 2) operation of restaurants subject to 
economic needs test if restaurant 
seeks to take advantage of investment incentives under the 
Tourism Utility Law.   
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)  Unbound   
(2)  None 
(3)  None 
  
 
  
 
  
 
(4)  Unbound, except as indicated under 
Horizontal Commitments The Government of Cape Verde affirms 
that there is no discrimination on the basis 
of nationality in application of the 
investment incentives of the Tourism Utility Law or the related economic needs 
test.   
B. Travel agencies and tour 
operators services  
 (CPC 7471) (1)  Unbound 
(2)  None 
(3)  None with respect to travel agencies 
and tour operator services provided 
in joint venture with Cape Verde 
nationals, as long as foreign interest 
is less than 50%. 
  Travel agencies and tour operator 
services with foreign investment of (1)   None 
(2)   None 
(3)   None  
 
 
 
  
   WT/ACC/SPEC/CPV/3/Rev.2 
Page 18 Modes of supply:   (1)  Cross-Border supply   (2)  Consumption abroad   (3)  Commercial Presence   (4)  Presence of natural per sons 
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
50% of more are subject to the 
following limitations: 
 
- the number of such travel agencies 
cannot exceed more than one-third 
of all national service providers 
(including joint ventures with a 
foreign interest of less than 50%) operating in the territory of Cape 
Verde; 
- the number of su ch tour operators 
cannot exceed more than one-third 
of all national service providers 
(including joint ventures with a foreign interest of less than 50%) 
operating in the territory of 
Cape Verde;  
- a travel agency with less than 50% 
Cape Verde ownership is limited to 
one establishment on each of three 
islands; and 
- a tour operator with less than 50% 
Cape Verde ownership cannot 
operate on more than three islands.  
 (4) Unbound, except as indicated under 
Horizontal Commitments  
  
 
  
 
  
 
  
 
  
 
  
 
 
 
  
 
 (4) Unbound, except as indicated under 
Horizontal Commitments 
C. Tour guides 
 (CPC 7472) (1)  Unbound 
(2)  Unbound (3) Unbound, except for tour guides 
with language capabilities not 
otherwise available in Cape Verde 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
 
 (4) Unbound, except as indicated under 
Horizontal Commitments    WT/ACC/SPEC/CPV/3/Rev.2
 Page 19Modes of supply:   (1)  Cross-Border supply   (2)  Consumption abroad   (3)  Commercial Presence   (4)  Presence of natural per sons 
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
10. RECREATIONAL, CULTURAL AND SPORTING SERVICES 
- Recreational fishing  (1)  Unbound 
(2)  None (3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
11. TRANSPORT SERVICES 
A. Maritime Transport Services 
- International maritime transport – 
passenger and freight  
 (CPC 7211, 7212) 
- Rental of boats and ships   (CPC 83103) (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
- Inter-island and local maritime 
transport - passenger and freight  
 (CPC 7211, 7212) (1)  Unbound 
(2)  None 
(3)  None, except foreign ownership 
limited to less than 75% and vessel 
must be registered in Cape Verde  
(4)  Unbound, except as set forth in 
Horizontal Commitment (1)   None 
(2)   None 
(3)   None  
 
(4) Unbound, except as indicated under 
Horizontal Commitments  
-  Supporting services for maritime 
transport  
(CPC 745) (1)  None 
(2)  None (3)  None, as of 1 June 2006 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
F. Road Transport Services 
a. Passenger transportation 
(CPC 7121 + 7122) 
b. Freight transportation 
(CPC 7123) 
c. rental of commercial vehicle with 
operator 
(CPC 7124) 
d. Maintenance and repair of road 
transport equipment 
(CPC  6112 +8867) 
e. Supporting services for road 
transport services 
(CPC 744)  (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments   
 WT/ACC/SPEC/CPV/3/Rev.2 
Page 20  
 
REFERENCE PAPER
 
Scope  
The following are definitions and principles on the regulatory framework for the basic 
telecommunications services.   
Definitions  
Users mean service consumers and service suppliers.   
Essential facilities mean facilities of a public telecommunications transport network or service that   (a) are exclusively or predominantly provide d by a single or limited number of suppliers; 
 and  
 (b)  cannot feasibly be economically or technically substituted in order to provide a service. 
A major supplier is a supplier which has the ability to  materially affect the terms of participation 
(having regard to price and supply) in the releva nt market for basic telecommunications services as a 
result of:   
 (a) control over essential facilities; or  
 (b) use of its position in the market. 
1. Competitive safeguards
 
1.1 Prevention of anti-competitive practices in telecommunications  
 Appropriate measures shall be maintained for the purpose of preventing suppliers who, alone 
or together, are a major supplier from engaging  in or continuing anti-competitive practices. 
1.2 Safeguards  
 The anti-competitive practices referred to above shall include in particular:  
 (a) engaging in anti-competitive cross-subsidization;  
 (b) using information obtained from comp etitors with anti-competitive results; and  
 (c) not making available to other services suppliers on a timely basis technical 
 information about essential facilities and co mmercially relevant information which 
 are necessary for them to provide services.  
2. Interconnection  
2.1 This section applies to linking with supplie rs providing public telecommunications transport 
networks or services in order to allow the user s of one supplier to communicate with users of 
another supplier and to access services provi ded by another supplier, where specific 
commitments are undertaken.  WT/ACC/SPEC/CPV/3/Rev.2 
 Page 21 
 
 
2.2 Interconnection to be ensured  
 Interconnection with a major supplier will be en sured at any technically feasible point in the 
network.  Such interconnection is provided: 
 (a) under non-discriminatory terms, cond itions (including technical standards and 
specifications) and rates and of a quality no less favourable than that provided for its 
own like services or for like services of non-affiliated service suppliers or for its 
subsidiaries or other affiliates; 
 (b) in a timely fashion, on terms, conditions (including technical standards and 
specifications) and cost-oriented rates that ar e transparent, reasonable, having regard 
to economic feasibility, and sufficiently unbundl ed so that the supplier need not pay 
for network components or facilities that it does not require for the service to be 
provided;  and 
 (c) upon request, at points in addition to th e network termination points offered to the 
majority of users, subject to charges that reflect the cost of construction of necessary additional facilities. 
2.3 Public availability of the pro cedures for interconnection negotiations
 
 The procedures applicable for interconnecti on to a major supplier will be made publicly 
available. 
2.4 Transparency of interconnection arrangements  
 It is ensured that a major supplier will make  publicly available either its interconnection 
agreements or a reference interconnection offer. 
2.5 Interconnection:  dispute settlement  
 A service supplier requesting interconnection with  a major supplier will have recourse, either:  
 (a) at any time; or  
 (b) after a reasonable period of time which has been made publicly known to an 
independent domestic body, which may be  a regulatory body as referred to in 
paragraph 5 below, to resolve disputes re garding appropriate te rms, conditions and 
rates for interconnection within a reasonable period of time, to the extent that these 
have not been established previously. 
3. Universal service  
Any Member has the right to define the ki nd of universal service obligation it wishes to 
maintain.  Such obligations will not be regarded  as anti-competitive per se, provided they are 
administered in a transparent, non-discrimin atory and competitively neutral manner and are 
not more burdensome than necessary for the kind of universal service defined by the Member.      
4. Public availability of licensing criteria  
Where a licence is required, the following will be made publicly available:  (a) all the 
licensing criteria and the period of time normally required to reach a decision concerning an 
application for a licence and (b) the terms and conditions of individual licenses.  The reasons 
for the denial of a licence will be made known to the applicant upon request. WT/ACC/SPEC/CPV/3/Rev.2 
Page 22  
 
5. Independent regulators
 
The regulatory body is separate from, and not accountable to, any supplier of basic 
telecommunications services.  The decisions of and the procedures used by regulators shall be 
impartial with respect to all market participants. 
6. Allocation and use of scarce resources  
Any procedures for the allocation and use of scarce  resources, including frequencies, numbers and 
rights of way, will be carried out in an objective,  timely, transparent and non-discriminatory manner. 
The current state of allocated frequency bands will be made publicly available, but detailed 
identification of frequencies allocated for specific government uses is not required. 
   WT/ACC/SPEC/CPV/3/Rev.2
 Page 23LIST OF ARTICLE II (MFN) EXEMPTIO NS OF THE REPUBLIC OF CAPE VERDE 
 
Sector or sub-sector Description of measure 
indicating its inconsistency with 
Article II Countries to which  
the measure applies Intended duration Conditions creating  
the need for the exemption 
All sectors Waiver of nationality 
requirements for the exercise, in 
Cape Verde, of certain activities and professions by natural 
persons supplying services from 
designated countries. Countries of Portuguese 
language - Angola, Brazil, 
Guinea-Bissau, Mozambique, Portugal, Sao Tome & Principe 
and Timor. Subject to the duration of the 
agreement concerned. This measure reflects historical 
links between Cape Verde and 
these countries. 
All sectors Full national treatment is 
extended to nationals of the 
countries listed in column  . Members of the Economic 
Community of West African 
States. Subject to the duration of the 
agreement concerned. To ensure commitments in the 
context of regional integration. 
Audiovisual services Measures based upon co-
production agreements of audiovisual works, which confer 
national treatment to audiovisual 
works covered by such agreements Countries with which such 
bilateral or plurilateral agreements are in  force, now or 
in the future Subject to the duration of the 
agreement concerned. The aim of these agreements is 
to promote cultural links between countries concerned 
Audiovisual services Measures granting the benefit of 
support programs to audiovisual works and suppliers of such 
works meeting certain origin 
criteria. Countries with which bilateral 
or plurilateral agreements relating to culture are in force, 
now or in the future Subject to the duration of the 
agreement concerned. These measures aim at 
preserving and promoting cultural values within Cape 
Verde and with other countries 
 
 
__________