Ivory Coast

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DOING BUSINESS

 


Local business incentives - Legal forms of companies - Registration and licensing procedures - Legal framework - Foreign exchange control - Regulations concerning equity investment - FDI inflows - Expertise of the political risk

Local business incentives

A code of Investments has been established in 1995. No difference is made between foreign and national investors concerning investments.
There are two types of incentive systems in Ivory Coast.
-The system of declaration applied to all new businesses whatever the level of investment is, as long as they do not carry out their activities in the following sectors: building and civil engineering, trade, transportation, banking and financial services. The investor can be granted tax advantages such as tax exemption on industrial and commercial profits or on non-commercial profits from 5 to 8 years, depending on the region.
Different advantages may be granted, such as VAT exemption on equipments, materials and the first lot of spare parts, such as duties and taxes exemptions on equipments, materials and the first lot of spare parts and exemptions from land tax on properties built, the application of a 5% unique and preferential right on equipments.
Furthermore, there are also very attractive incentives according to sectors (oil, mining).
The CEPICI (Center for Invesment Promotion in Cote d'Ivoire) should be contacted for further information about investment incentives.

 

Legal forms of companies

Form Number of partners/shareholders Minimum and/or maximum capital Liability Registration fee Release of financial documents
Private Limited Company
No minimum. Minimum capital of
CFA 500,000.
Liability is limited to the amount contributed. 0.6% of the capital up to CFA 5 billion then 0.2% beyond this amount.
Public Limited Company Minimum 7 partners. Minimum capital of
CFA 1 million.

Liability is limited to the amount contributed.
0.6% of the capital up to CFA 5 billion then 0.2% beyond this amount.
General Partnership. No minimum. No minimum capital. Liability is limited to the amount contributed. 0.6% of the capital up to CFA 5 billion then 0.2% beyond this amount.
Limited Partnership. Minimum 2 partners.
Two types of partners:
sleeping partners and active partners.
No minimum capital. Liability of active partners is unlimited. Liability of sleeping partners is limited to the amount contributed. 0.6% of the capital up to CFA 5 billion then 0.2% beyond this amount.


Foreign exchange control
In Ivory Coast, free conversion of currencies is carried out as well as the right to transfer capital and profits.

Regulations concerning equity investment
A majority holding interest in the capital of a local company is legal in Ivory Coast.  


Foreign Direct Investment inflows in Ivory Coast

FDI inflows 2003 2004 2005 World rank (*)
2005
FDI inflows (USD million) 165 283 192 100/141
Source : UNCTAD - World Investment Report
Note : (*) World Rank = UNCTAD Inward FDI Performance Index. It is a measure of the extend to which a host country receives inward FDI relative to its economic size. It is calculated as a ratio of the country's share in global FDI inflows to its share in global GDP.

 

Last modified in 2006 - ongoing update
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