Côte d’Ivoire
Capital: Yamoussoukro.
Official languages: French.
Currency: CFA franc.
Company registration provides the following benefits:
- Low taxes and fees.
- Information about the owners of the company is not publicly disclosed.
- There are no requirements to provide companies' financial statements.
- Opportunity to conduct trading activities in the eurozone.
Cote d' Ivoire (Ivory Coast) is a state off the Atlantic coast of West Africa . Neighbors include Mali, Burkina Faso, Ghana, Liberia and Guinea; the waters of the Gulf of Guinea wash the southern coast.
Cote d'Ivoire is one of the most attractive countries for business in West Africa. The economy of Côte d'Ivoire is considered one of the largest in the region. It is heavily dependent on agriculture, oil production, cocoa production, services, and construction.
Features of taxation and reporting
- Income tax – rate 25%.
- VAT – rate 18%.
- Payroll tax – rate 2-6% depending on the amount of income.
Company registration
Time frame for company registration: 3 weeks.
First you need to choose a legal form for the company. We recommend choosing SARL - limited liability company.
The minimum authorized capital for registering a limited liability company is 1 million CFA francs (about 1,700 US dollars). A minimum capital of 10 million CFA francs is required to register a joint stock company.
To register a company remotely, you will need to provide the following information:
- Choosing a company name: three options are required.
- The charter and regulations of the company translated into French.
- Certified copies of shareholders' and directors' passports.
- A document confirming the residential address of all participants (utility bills, bank statements indicating the address).
A quick guide to registering a company in Cote d'iVoire:
To quickly register a SARL in Cote d'iVoire, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
Côte d'Ivoire provides favorable business conditions for foreign investors. Despite some bureaucracy, the process of registering a company is relatively simple, and tax laws are friendly to foreign capital. The country offers political stability, developed infrastructure and access to regional markets in West Africa. In order for the registration process to go as quickly as possible, we recommend contacting IT-OFFSHORE specialists. Our specialists already have experience working with this jurisdiction, so they know all the intricacies and aspects of working in Côte d'Ivoire.
We not only help you legally register a company but also take on many subsequent tasks.
In particular, our scope of services includes maintaining accounting and tax records, providing nominee directors and shareholders, leasing a legal address, and obtaining all necessary licenses and permits for the company. We actually ensure the full operation of the business following the laws of a particular jurisdiction.
