top of page

Côte d’Ivoire

Delivery:

Price: $

Payment methods:

payment methods.webp
UK comapny formation (1).webp

About

Côte d’Ivoire

Capital
Official languages
Population 
Currency

ISO 4217

Yamoussoukro

French

24,324,746 (as of July 2020)

Republic of Cote d'Ivoire Franc

XOF

Document checklist:

Process

Economy

Côte d’Ivoire has seen a steady growth in its economy over the past few years. According to the World Bank, the country’s GDP grew by 7.2% in 2019, making it one of the fastest growing economies in Africa. The country’s exports have also seen a significant increase, with exports reaching $14.3 billion in 2019, up from $12.3 billion in 2018. The country’s main exports include cocoa, coffee, and timber, which account for over 70% of the country’s total exports. The country’s main trading partners are France, the United States, and China. In addition, the country has seen a steady increase in foreign direct investment, with FDI reaching $2.3 billion in 2019. The country’s government has also implemented a number of reforms to improve the business environment, including the introduction of a new investment code and the establishment of a one-stop shop for investors. Overall, Côte d’Ivoire has seen a positive economic outlook in recent years, and is well-positioned to continue its growth in the future.

Taxation

In Côte d'Ivoire, both individuals and companies are subject to taxation.


For individuals, Côte d'Ivoire operates a progressive tax system with tax rates ranging from 0% to 35% on the taxable income earned during a fiscal year, which runs from January 1st to December 31st. The tax system is residency-based, meaning that tax residents are taxed on their worldwide income, while non-residents are only taxed on their Côte d'Ivoire-sourced income. There are also various deductions and exemptions available to reduce the taxable income, such as deductions for pension contributions and donations to charities.


For companies, the corporate tax rate is a flat rate of 25% on their taxable income. Dividends received by a resident company are taxed at a rate of 5%, while non-resident companies are taxed at a rate of 20%. There are also various tax incentives available for companies, such as a reduced tax rate for companies that invest in certain priority sectors.


Tax returns for both individuals and companies are generally due on or before March 31st following the end of the fiscal year. Companies are required to pay their taxes in installments throughout the year based on their projected income. Moreover, there are additional deadlines for specific taxes such as the Value Added Tax (VAT) returns, which are due on the 15th of the month following the end of the reporting period.


In Côte d'Ivoire, the tax authority responsible for administering and collecting taxes is the General Tax Directorate. Payment of taxes can be made at designated banks or through electronic payment systems.


It is important to note that Côte d'Ivoire has a complex tax system, with various incentives and exemptions available. Therefore, it is advisable for individuals and companies to seek advice from professional tax advisors to ensure that they comply with all tax obligations and take advantage of all available benefits.

Company incorporation application form

Representative

Chosen company name

Main business activity

Legal address of director

Extra services

Submit ✉

Your inquiry has been submitted. Thank You!

We will contact you shortly…

PDF application form

B2B hub provides fillable PDF application forms, you can simply save the filled form and send us by email clicking here  reg@b2bhub.uk or live chat

bottom of page