Investing in C么te d鈥橧voire

Investing in C么te d鈥橧voire

C么te聽d鈥橧voire is the largest economy in the West African Economic and Monetary Union (WAEMU), constituting 40 percent of the Union鈥檚 total GDP.聽 It is also the world鈥檚 leading cocoa exporter,聽C么te聽d鈥橧voire also exports coffee, palm oil, cotton, and rubber, among others making it the 4th largest exporter of goods in sub-Saharan Africa behind South Africa, Nigeria, and Angola. Oil has become one of聽C么te聽d鈥橧voire鈥檚 leading exports, and the development of new gold mines in recent years in the central and northern areas of the country has also contributed to national economic growth.

eRegulations C么te D’Ivoire, please visit the website below for more information:

http://cotedivoire.eregulations.org/

The Ivorian government actively encourages foreign investment through mergers, acquisitions, joint ventures, takeovers, or start-ups.聽 C么te d鈥橧voire has an investment promotion centre,聽CEPICI聽(Centre des Promotions des Investissements en C么te d鈥橧voire), which provides investment information and assistance for entrepreneurs interested in starting a business in C么te d鈥橧voire.

CEPICI is the Center for Promotion of Investments in C么te d’Ivoire (Centre de Promotion des Investissements en C么te d’Ivoire)
Head office:聽Tel:聽+225 20 31 14 00
One-top shop:聽Tel:聽+225 20 30 23 85
LE DJEKANOU Building, 2nd Floor
Tel:聽+225 20 30 23 85聽鈥 Fax :+225 20 30 23 94
E-mail:聽guichetunique@cepici.ci

Website:聽www.cepici.gouv.ci

The Investment Promotion Center of C么te d鈥橧voire (CEPICI) regroups all four state entities needed for registering a business:
1. The Directorate General of Taxes for the registration of deeds and attribution of a Tax payer Account;
2. The Court Office for the Trade and Personal Property Credit Register (RCCM);
3. The Ministry of Commerce, for delivering the Import-Export Code;
4. The National Social Security Fund for the registration of the company with the CNPS (National Social Security Department).

In 2015, C么te d’Ivoire has once again improved regulations by:

1/聽Reducing the minimum capital requirement, lowering registration fees and enabling the one-stop shop to publish notices of incorporation.

2/聽Making transferring property easier by digitising its land registry system and lowering the property registration tax.

3/聽Improving its credit information system by introducing regulations that govern the licensing and operation of credit bureaus.

4/聽Strengthening minority investor protections by introducing greater requirements for disclosure of related-party transactions to the board of directors and by making it possible for shareholders to inspect the documents pertaining to related-party transactions and to appoint auditors to conduct an inspection of such transactions.

5/聽Making trading across borders easier by simplifying the processes for producing the inspection report and by reducing port and terminal handling charges at the port of Abidjan.

Starting a business in聽C么te聽d’Ivoire is now an easy process with the creation of the One-stop Shop since January 2013.

Please see below, the different types of companies you can create and their requirements:

Types of companies:

Private Limited Company

Number of partners: One minimum, with no maximum in the nomber of partners.

Capital (max/min): Minimum capital of CFA 1,000,000.

Shareholders and liability: Liability is limited to the amount contributed.

Public Limited Company

Number of partners: Minimum of 7 partners.

Capital (max/min): Minimum capital of CFA 10 million.

Shareholders and liability:

Liability is limited to the amount contributed.

General Partnership

Number of partners: One minimum, with no maximum in the number of partners.

Capital (max/min): No minimum capital required.

Shareholders and liability: Liability is limited to the amount contributed.

Public Limited Company

Number of partners: Minimum 2 partners.

Two types of partners: silent partners and active partners.

Capital (max/min): No minimum capital required.

Shareholders and liability: Liability of active partners is unlimited. Liability of silent partners is limited to the amount contributed.

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