Investment Advisory – TCC Group International

IVORY COAST

We provide development and control of our company’s investment consultancy in Ivory Coast in a way that will get the best efficiency for our customers.
By using the advantages of being in the field, we investigate the opportunities of all sectors, especially energy, mining, food, health, real estate, construction sectors, by contacting government agencies and private sector representatives when necessary, and we develop these researches in order to find the right solutions for you.

Côte d’Ivoire, one of the strongest economies in the Economic Community of West African States, continues to be a favourable destination for foreign investors in the region. According to UNCTAD’s World Investment Report 2022, the country attracted $1.38 billion in FDI in 2021, a strong rebound from a low of $713 million reached in 2020 in the context of the global economic and health crisis. The total stock of FDI is estimated at USD 12.8 billion in 2021. According to UNCTAD’s Investment Trends Monitor, global FDI momentum weakened in 2022 due to the war in Ukraine, rising food and energy prices, financial turbulence and debt pressures. The main investors are the European Union (France is the leading investor) and Canada. Investments are mainly in extractive industries and finance.
The National Development Plan (NDP 2021-2025) aims to make private investment the driving force behind the country’s economic growth. A programme for the dematerialisation of services and administrative procedures has been introduced to facilitate doing business. The political situation has stabilised and the country has improved the business environment by implementing important reforms, such as the adoption of a new constitution and the creation of a Senate. The country benefits from diversified mineral and agricultural resources, a modernising infrastructure network, a strategic coastal location and a stable economy.
Border Neighbouring Countries; Mali, Guinea, Burkina, Liberia, Ghana, with their populations of up to 100 million, carry out their trade and supplies through Ivory Coast. Ivorian business people who invest in small businesses cannot enter into large capitalised businesses economically. For this reason, the state provides great advantages in tax, customs, land supply in order to attract Public Private Partnerships or Private sector investments for foreign investors.

FOREIGN INVESTMENT PROCEDURES

Freedom of Establishment

There are no restrictions on foreign investment. Foreign investors are treated in the same way as local investors.

Regulations Regarding the Purchase of Shares

The acquisition of a majority stake in the share capital of a local company is permitted in Ivory Coast

Declaration Requirements

The Centre de Promotion des Investissements en Côted’Ivoire (Ivory Coast Investment Promotion Centre) in the country provides information on the permits required to start a business.

Entity to declare the investment

The Ivory Coast Investment Promotion Centre provides information on the necessary permits.

Requesting a Specific Permit

The Ivory Coast Investment Promotion Centre provides information on the necessary permits.

Increasing political stability, with significant progress in democratic institutions.

Abundance of natural resources (hydrocarbons, minerals) and very fertile soils (coffee, sugar and especially cocoa, of which the country is the leading producer).

Monetary stability, largely due to its membership of the West African Economic and Monetary Union and the CFA franc zone.

Low interest rates, which facilitate access to capital.

Government commitment to improving the business climate.

Côte d’Ivoire has a relatively well-developed road infrastructure, the second largest port in West Africa and a modern airport with a national airline serving all major capitals in the region. Turkish Airlines flies from Turkey 7 days a week.

Côte d’Ivoire is the largest economy in French-speaking West Africa.