Operating a Business

flag Ivory Coast Ivory Coast: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labour | Social Partners

 

Setting Up a Company

Private Limited Company (SARL)
Number of partners: One minimum, with no maximum in the number of partners.
Capital (max/min): Minimum capital of XOF 1 million
Shareholders and liability: Liability is limited to the amount contributed.
Public Limited Company (SA)
Number of partners: Minimum of 1 shareholder and 3 directors.
Capital (max/min): Minimum capital of XOF 10 million
Shareholders and liability: Liability is limited to the amount contributed.
General Partnership (SNC)
Number of partners: One minimum, with no maximum in the nomber of partners.
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability is limited to the amount contributed.
Limited Partnership (SCS)
Number of partners: Minimum 2 partners.
Two types of partners: silent partners and active partners.
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability of active partners is unlimited. Liability of silent partners is limited to the amount contributed.
The Competent Organisation
Center for the Promotion of Investment in Côte d'Ivoire (CEPICI) (in French).
 
Setting Up a Company Ivory Coast Sub-Saharan Africa
Procedures (number) 4.0 7.5
Time (days) 6.0 21.3

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to find out information on the procedures to start a business in Ivory Coast.

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The Active Population in Figures

201820192020
Labour Force 7,822,3698,047,5788,148,084

Source: International Labour Organization, ILOSTAT database

 
201720182019
Total activity rate 54.65%54.59%54.56%
Men activity rate 63.89%63.66%63.45%
Women activity rate 45.17%45.33%45.51%

Source: International Labour Organization, ILOSTAT database

 

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Working Conditions

Legal Weekly Duration
40 hours
Retirement Age
55.
Working Contracts
There are two types of contract in Côte d'Ivoire.

The contract is fixed term when the term is specified in advance, with the agreement of both parties, or when a term is specified, i.e. a certain, future element whose advent terminates the contract. The Work Inspector must stamp the contract if the term is more than three months.

The work contract is open-ended when the term is not specified in advance.

Labour Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labour

Minimum Wage
In 2019, the minimum wage was XOF 60,000 per month according to the ILO (latest available data).
Average Wage
According to Salaryexplorer.com, in 2021, the average gross monthly wage is XOF 337,000 per month.
Social Contributions
Social Security Contributions Paid By Employers: Between 15.45% and 18.45% of salaries including 7.7% for the pension plan, 5.75% for family benefits and from 2% to 5% for workplace accident.
Social Security Contributions Paid By Employees: 6.30% of the gross wage for the pension plan.

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Social Partners

Social Dialogue and Involvement of Social Partners
Unions have little influence in Côte d'Ivoire.
Unions
General Union of Workers in Côte d'Ivoire (in French)
Unionisation Rate
42% of which 87% in the public sector.
Labour Regulation Bodies
Ministry of Employment, the Civil Service and Reform.

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Latest Update: November 2022