Ivory Coast: Operating a Business

Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Private Limited Company Minimum capital of CFA 500 000.	No minimum. Liability is limited to the amount contributed.
Public Limited Company Minimum capital of CFA 1 million.	Minimum 7 partners. Liability is limited to the amount contributed.
General Partnership. No minimum capital.	No minimum. Liability is limited to the amount contributed.
Limited Partnership. No minimum capital.	Minimum 2 partners. Two types of partners: silent partners and active partners. Liability of active partners is unlimited. Liability of silent partners is limited to the amount contributed.

The Competent Organization: Center for the Promotion of Investment in Côte d'Ivoire (CEPICI) (in French).

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Ivory Coast.
Invest in Franc Zone

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.

Minimum Wage: 36 607 FCFA (USD 73) for the industrial sector. Salaries vary according to the sector of activity; for further information, consult the CEPICI (in French).
Social contributions: Social Security Contributions Paid By Employers: 9.9%.
Social Security Contributions Paid By Employees: 1.6%

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)
Unionization Rate: 42% of which 87% in the public sector.
Labor Regulation Bodies: Ministry of Employment, the Civil Service and Reform.

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