The file includes mainly a business plan that allows the state to judge the relevance and timeliness of the project, and helps the promoter to demonstrate the mastery of his project. It provides a “Guichet Unique”, which is a one stop service at the Promotion Centre of Ivory Coast (CEPICI), where contractor can go and get all the necessary documents and forms to create their business. This scheme is intended for business men and project managers whose investment budget is minimal. Ěll economic sectors are eligible for the scheme of accreditation, except ĝuration of exemptions: The duration of exemptions varies.
Other modalities for the new Investment Code: They only enjoy the benefits attached to the investment phase.ģ. Ğxemption from tax on industrial and commercial profits (BIC), taxes on wages and salaries (ITS) Contributions to the Fund for the Development of Vocational Training (FDDP) and property taxes (in the thresholds applicable). Ğxemption from Business License Tax for the investment Reduction of 40% or 50% of the amount of customs duties on imported equipment and materials for the envisaged investments, as well as the first batch of spare parts for these investments Īt the operating phase, the benefits comprise of: The tax advantages provided during the investment phase are: For a new business, the benefits would be applied both to the investment phase and the operational phase of the project.
If the company is already operating, the exemptions apply only to the investment phase of your project. Indeed, it is focus both for companies and investors, whether you are already an existing investor in the country or a new investor. They are divided into two forms of incentive plans: the accreditation scheme and the regime of declaration. Several tax benefits are provided under the new Investment Code of Ivory Coast. In this context, the authorities adopted in November 2012 a new Investment Code were designed to stimulate private investment, for both domestic and international stakeholders.
Ivory Coast has started an ambitious process of economic reforms.
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