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Company Registration In Ivory Coast | Business Registration in Ivory Coast

Ivory Coast at a Glance | Country Overview

Here is what you need to know about the economy before you engage in Company Registration In Ivory Coast | Business Registration in Ivory Coast –   Ivory Coast is a tropical country in southern West Africa on the Gulf of, it is bordered by Burkina Faso, Liberia and Guinea, and Ghana. The country’s official name is the Republic of Côte d’Ivoire.
Population of Ivory Coast: 19,262,000. Area of Ivory Coast: 322,460 km2.
Ivory Coast is ranked 110 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Ivory Coast improved to 110 in 2019 from 122 in 2018.
The official language is French, which was adopted during the colonial era. This language, along with Dioula, is taught in schools and acts as the common language in the nation.

Broad Economic Overview:

There are numerous investment opportunities in Ivory Coast and the top performing industries include the following;

1. Agriculture

This is the Ivory Coast’s economic backbone and primary source of growth. It is a significant producer and exporter of coffee, palm oil, and cocoa beans, and the world’s largest producer and exporter of cocoa beans.

Agriculture accounts for 29.2% of GDP. The agriculture sector’s untapped potential is large, creating an ideal market gap for foreign investors to enter.

2. Mining

Ivory Coast, a member of the Extractive Industries Transparency Initiative (EITI), has recently developed a mining investment code that is highly appealing to foreign direct investment (FDI).

Ivory Coast currently operates seven gold mines, four manganese mines, one bauxite mine, and one nickel/copper mine, with another half-dozen iron, manganese, nickel, and columbite/tantalite mines in the works.

The mining sector in Ivory Coast and West Africa in general is clearly expanding, opening up a plethora of business opportunities in drilling, blasting, transportation and haulage, drainage, mineral resources, machinery procurement, and chemical reagent management.

3. Energy

The primary energy sources in the country are hydropower, oil, natural gas, and biomass. Biomass accounts for 70% of total energy consumption. In terms of energy efficiency and renewable energy, the country has vast untapped resources. Energy is central to Côte d’Ivoire’s development strategies.

4. Tourism

The growth of the tourism industry can be seen as part of a wider trend of rising interest in African Tourism, this has led to creation of business opportunities in transportation, Accommodation, Food and beverage, Recreation, Entertainment and travel services.

5. Transport

Ivory Coast has invested heavily in its transportation system. The infrastructure for transportation is far superior to that of other West African countries. Ivory Coast has prioritized expanding and modernizing its transportation network for both people and goods since its independence in 1960.

Railways, roads, waterways, and airports were among the major infrastructures built, creating a favorable environment for the country’s exports and imports.[/vc_column_text][/vc_column][/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_borders=”” rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted”][vc_column width=”2/3″ rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll”][rt_heading style=”style-3″ size=”span” font_color_type=”” font=”” custom_font_size=”” link=”” link_open=”_self” rt_class=”rt-9438783″ letter_spacing=”6″]GET A FREE FIRST TIME CONSULTATION[/rt_heading][/vc_column][vc_column width=”1/3″ rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll”][button button_text=”TALK TO AN EXPERT” button_style=”custom” button_arrow=”true” font=”heading-font” button_size=”small” button_icon=”” button_align=”center” button_link=”/talk-to-an-expert/” link_open=”_self” rt_class=”rt-8650563″ font_size=”1em” bg_color=”#fdb830″ text_color=”#ffffff” border_color=”#fdb830″][/vc_column][/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_borders=”” rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted”][vc_column rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll”][vc_column_text]

Why invest and engage in Company Registration in Ivory Coast?

• The country has fertile soils for agriculture and natural resources such as petroleum, natural gas, diamonds, manganese, iron ore, copper, gold and nickel
• The country has maintained its political stability since 2011 and is concentrating its efforts on economic growth in order to become an “emerging” economy.
• Ivory Coast has a relatively well-developed road infrastructure, the second largest port in West Africa, and a modern airport with a dependable national airline, Air Cote d’Ivoire, which serves all of the region’s major capital cities.

Read more about the reasons to invest in Ivory Coast here

Company Tax in Ivory Coast

Côte d’Ivoire levies a 25% tax on industrial and commercial profits, subject to a minimum tax. Companies in the telecommunications, information technology, and communication sectors pay 30%.

When a non-resident entity does not have a permanent establishment in Côte d’Ivoire, they are subject to withholding tax (WHT) at 20%, subject to existing double tax treaties (DTTs) (PE). Non-residents who own a PE are taxed in the same way that residents are.

Value Added Tax is 18% is levied on the sale of goods and services.

For over 1 decade now, East Africa Business Consultants Has assisted many clients with the following Key Company Set Up Services in Ivory Coast and other parts of Africa;

• Company Registration in Ivory Coast
• Government Licenses Processing
• Business Bank Account Opening
• HR Recruitment and Management
• Work Permit Processing in Ivory Coast
• Apartment/Office/Warehouse Sourcing.

[/vc_column_text][/vc_column][/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_borders=”” rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted”][vc_column width=”2/3″ rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll”][rt_heading style=”style-3″ size=”span” font_color_type=”” font=”” custom_font_size=”” link=”” link_open=”_self” rt_class=”rt-6503558″ letter_spacing=”6″]NOT SURE WHERE TO START?[/rt_heading][/vc_column][vc_column width=”1/3″ rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll”][button button_text=”TALK TO AN EXPERT” button_style=”custom” button_arrow=”true” font=”heading-font” button_size=”small” button_icon=”” button_align=”center” button_link=”/talk-to-an-expert/” link_open=”_self” rt_class=”rt-8650563″ font_size=”1em” bg_color=”#fdb830″ text_color=”#ffffff” border_color=”#fdb830″][/vc_column][/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_borders=”” rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted”][vc_column rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll”][vc_column_text]

Company Registration in South Sudan Summary Table

[/vc_column_text][/vc_column][/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_borders=”” rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted”][vc_column width=”2/3″ rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll”][rt_heading style=”style-3″ size=”span” font_color_type=”” font=”” custom_font_size=”” link=”” link_open=”_self” rt_class=”rt-7339928″ letter_spacing=”6″]READY TO GET STARTED?[/rt_heading][/vc_column][vc_column width=”1/3″ rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll”][button button_text=”TALK TO AN EXPERT” button_style=”custom” button_arrow=”true” font=”heading-font” button_size=”small” button_icon=”” button_align=”center” button_link=”/talk-to-an-expert/” link_open=”_self” rt_class=”rt-8650563″ font_size=”1em” bg_color=”#fdb830″ text_color=”#ffffff” border_color=”#fdb830″][/vc_column][/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_borders=”” rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted”][vc_column rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll”][rt_heading style=”” align=”center” mobile_align=”center” size=”h3″ font_color_type=”custom” font=”body-font” custom_font_size=”custom” link=”” link_open=”_self” rt_class=”rt-3102980″ punchline=”” font_color=”#fdb830″ font_size=”20px” letter_spacing=”2″]Company Set up in Ivory Coast FAQS[/rt_heading][rt_accordion][rt_accordion_content title=”Can a foreigner register a Company in Ivory Coast? Can a Foreigner own 100% of a company setup in South Sudan??”]Yes, a foreigner can register and own a company in Ivory Coast. it is is not Mandatory to have a local shareholder in the company

Shareholders of a company in Ivory Coast can be any of the following:

• A local individual,
• A foreign individual,
• A local corporate entity, or
• A foreign corporate entity.

Any of these shareholders can engage in Business Registration in Ivory Coast and own the company.[/rt_accordion_content][rt_accordion_content title=”Will I Need to be physically present in order to complete the Business Registration in Ivory Coast process?”]No. With our Remote Company Setup in Ivory Coast service, we are able to complete the process without you travelling to Ivory Coast. We can perform all necessary tasks remotely. Furthermore, our partner banks now allow remote bank account opening. Therefore, a visit to Ivory Coast is not Mandatory at all.

Foreigners are free to engage in company setup in Ivory Coast and are not required to relocate to Ivory Coast for this purpose; they are free to operate their company from overseas even after business registration. However, if they wish to relocate to Ivory Coast they must obtain a Work permit.[/rt_accordion_content][rt_accordion_content title=”How long does it take to complete a company setup in Ivory Coast?”]The Major milestones in company Setup include

• Business Registration in Ivory Coast
• Tax Registration &
• Bank Account opening.

On Average, these steps take a Maximum of 27 working days.[/rt_accordion_content][rt_accordion_content title=”Company Setup in Ivory Coast is ideal for;”]Mining Companies, IT companies, Businessmen, Consultants, Traders, For the custody of real estate, Commerce over the Internet, Expatriates, For inheritance purposes, Holding intellectual property rights

Contact us Today for expert help on Business Registration in Ivory Coast[/rt_accordion_content][rt_accordion_content title=”What other registrations do I need to do after Company Setup in Ivory Coast? Will my Company need to obtain any licenses before commencing operations?”]For most industries in Ivory Coast, you do not have to obtain a license before commencing operations. However, certain industries do require a license before commencing activities. Examples include financial services firms, travel agencies, Courier companies, Betting companies, Mining Companies etc.

It is however important to note that once you set up a physical office, warehouse or an outlet, you will be required to apply for a business permit from the local government.[/rt_accordion_content][rt_accordion_content title=”Any restrictions to areas of investment to foreigners?”]Generally, the Ivory Coast Economy is open to foreigners, However there are some retractions on foreign investment in the health sector, law and accounting firms, and travel agencies.[/rt_accordion_content][rt_accordion_content title=”What is the common entity to incorporate in Ivory Coast?”]The limited liability company is the corporate structure used by the majority of business owners. Foreign nationals can also opt to register a representative office or a branch office.[/rt_accordion_content][rt_accordion_content title=”Which bank is best to open a Corporate Bank Account?”]We recommend opening a business account at any of the following International banks in Ivory Coast for ease in international transactions; Standard Chartered Bank, BICICI, Citibank.

local banks like Ecobank, SGBCI and Atlantic Bank are also good because they have a larger footprint and hence good for in country transactions[/rt_accordion_content][rt_accordion_content title=”Can a foreigner own land in South Sudan?”]In South Sudan, foreigners are not allowed to possess land, although they are permitted to lease it for up to 99 years. “The Land Act, 2009″ governs land tenure and safeguards property rights. It provides for the registration of land rights and categorizes land as public, community, or private.[/rt_accordion_content][rt_accordion_content title=”What are the Capital investment incentives in Ivory Coast?”]With prior approval of the tax authorities and varying with geographical location, 35%-40% of the total investment in fixed assets related to commercial, Industrial and agriculture may be deducted from taxable income.

The deduction is limited to 50% of taxable profits.[/rt_accordion_content][/rt_accordion][/vc_column][/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_borders=”” rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted”][vc_column width=”2/3″ rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll”][rt_heading style=”style-3″ size=”span” font_color_type=”” font=”” custom_font_size=”” link=”” link_open=”_self” rt_class=”rt-7339928″ letter_spacing=”6″]READY TO GET STARTED?[/rt_heading][/vc_column][vc_column width=”1/3″ rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll”][button button_text=”TALK TO AN EXPERT” button_style=”custom” button_arrow=”true” font=”heading-font” button_size=”small” button_icon=”” button_align=”center” button_link=”/talk-to-an-expert/” link_open=”_self” rt_class=”rt-8650563″ font_size=”1em” bg_color=”#fdb830″ text_color=”#ffffff” border_color=”#fdb830″][/vc_column][/vc_row]