Côte d'Ivoire

Ease of Doing Business in

Côte d'Ivoire

This page shows summary Doing Business 2012 data for Côte d'Ivoire. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Sub-Saharan Africa
Income Category Lower middle income
Population 21,570,746
GNI Per Capita (US$) 1,070.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
167 170 down 3
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 170 171 up 1
Dealing with Construction Permits 169 168 up -1
Getting Electricity 73 76 up 3
Registering Property 158 154 up -4
Getting Credit 126 152 up 26
Protecting Investors 155 153 up -2
Paying Taxes 159 153 up -6
Trading Across Borders 161 160 up -1
Enforcing Contracts 124 124 No change
Resolving Insolvency 70 81 up 11

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 170 DB 2011 Rank 171 Change in Rank up1
Indicator Côte d'Ivoire Sub-Saharan Africa OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
10 8 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
32 37 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
132.6 81.2 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
200.4 129.8 14.1
No. Procedure Time to Complete Associated Costs
1 Deposit the initial capital in a bank and obtain a receipt 1 day no charge
2 Obtain two extracts of the criminal record of the managers 4 days XOF 3000
* 3 A notary certifies the paid-in capital 2 days (simultaneous with previous procedure) 10% of initial capital (including notary fees, registration and stamps cost)
4 Register with the Direction de l’Enregistrement et du Timbre 7 days included in procedure 3
5 Publish the formation notice in a legal journal 3 days XOF 8760 per line
6 Legalization of the copies of newspaper publication by the local council services 2 days XOF 2100
7 File documents with the Court’s Clerk Office (Greffe du Tribunal) with the Registre du Commerce et du Crédit Mobilier (RCCM) 3 days XOF 55000
8 File a declaration of commencement of business (Déclaration Fiscale d’Existence) with the Tax Department, Ministry of Economy and Finance 10 days XOF 5000
9 Register the employees with the National Social Security Fund (CNPS) 1 day no charge
10 Obtain a company seal 1 day XOF 10000
* Takes place simultaneously with another procedure.

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