Property for sale in São Tomé and Príncipe

1/ Capital: São Tomé

Is the capital city of São Tomé and Príncipe and is by far that nation's largest town. Its name is Portuguese for "Saint Thomas"

2/ Country: São Tomé and Príncipe

Is an island nation in the Gulf of Guinea, off the western equatorial coast of Africa. It consists of two islands: São Tomé and Príncipe, located about 140 kilometres apart and about 250 and 225 kilometres, respectively, off the northwestern coast of Gabon.

3/ Property for sale in São Tomé and Príncipe

The Democratic Republic of Sao Tome and Principe (pop. 17,000; GDP/cap US$447) is the smallest state in Africa, composed of two islands and some uninhabited islets of volcanic origin.

The Sao Tomeans were one of the first African to embrace democratization in the early 1990?s. A multi-party democracy has been successfully established. Following a short-lived coup in 2003, political stability has been restored.

The Government of Sao Tome and Principe (GoSTP) has a positive attitude toward foreign investment, but current business regulations present foreign investors with significant bureaucratic and procedural hurdles. However, there is an effort underway to revise the investment code, making it more attractive to foreign investors. The consensus among government authorities and economic analysts is that considerable foreign investment is needed for the development of agriculture, fisheries, tourism, telecommunications, and financial services.

GoSTP policy maintains strong protection of all types of property, including private property, and the right of citizens to own and use property. Expropriation is allowed in the public interest, but only with adequate compensation. There is no evidence to suggest that repatriation would be undertaken in a discriminatory manner or in violation of established principles of international law.