Company Incorporate in Ivory Coast in the Easiest Way Possible
One of the fastest-growing African economies, Ivory Coast’s strategic location and abundance of oil, gas, natural reserves, etc. make it ideal for companies that require such resources to boom. But that’s not the only reason for a company incorporate in Ivory Coast.
Several sectors in the African nation are fast progressing, including manufacturing, telecommunications, and agriculture. The local Government has also made considerable efforts in recent years to minimise bureaucracy and simplify its business administrative process. All in the hopes of attracting more investors like you to its shores.
Select Your Business Entity
To proceed with the company incorporation in Ivory Coast, you must choose your preferred business entity. Available structures include Sole Proprietorship, Limited Liability Company (LLC), Joint Stock Company (Société Anonyme), and Partnership. Select the structure that aligns best with your business goals, considering factors such as liability, taxation, and ownership requirements. Our experts can guide you on this.
After that, you must reserve your business name through the National Registry Center (CERNE) or the One-Stop Shop for Businesses (CIE). As a one-stop company incorporation provider, 3E Accounting can help you choose the right name for your business if needed.
What Happens Next in the Company Incorporation in the Ivory Coast Process?
After your business name has been approved, 3E Accounting will help you draft your Articles of Association. Articles of Association outline your company’s internal regulations, including its objectives, share capital, management structure, and shareholders’ rights and responsibilities. Given that it is a legal document, you will need our help to comply with the Ivorian corporate laws.
Once the Articles of Association have been notarised, they must be legalised by the Registry of Commerce and Credit Immobilier (RCCM).
How Much Is the Minimum Share Capital for a Company in the Ivory Coast?
The amount of share capital you need to deposit for your company incorporate in Ivory Coast process will vary based on the structure of your business. An LLC company, for example, must deposit US$2,000 for the incorporation process. The funds must be put into a bank account under the company’s name.
A branch or representative office has a different minimum share capital requirement. To start either of these entities requires a capital of only US$1.
Getting a Tax Identification Number (TIN)
Part of your company incorporate in Ivory Coast requirement will be to get a TIN number from the Ivorian tax authorities, which is the General Tax Directorate (DGI). The DGI is responsible for administering and collecting various taxes in Ivory Coast, including income tax, value-added tax (VAT), corporate tax, customs duties, and other taxes.
Corporate tax in Ivory Coast sits at 25% for most companies (resident and non-resident).
Depending on the nature of your business activities, you may need to obtain additional licenses and permits from the relevant regulatory bodies.
Let 3E Accounting Help You Launch Your Business
When you’re ready to begin the company incorporation in the Ivory Coast process, Ivory Coast is ready to help. Come and talk to our experts, and let’s see what we can do to help your business.
