CHAPTER I :
This Code sets out the incentive schemes for investment by corporate bodies or individuals, natives of the Ivory Coast or foreigners whether resident or not, in the course of either their activity or equity participation in Ivory Coast companies, with the aim of encouraging private investment and increasing national production.
Investment in the activities provided for in each of the sectors subject to the provisions of this Code can be undertaken freely subject to them respecting the prevailing laws and regulations in the Ivory Coast.
The provisions of this Code set out the designated incentive schemes, the declaration scheme and the investment authorisation scheme, which apply to investment operations which correspond to criteria, set down by Decree, without prejudice to the general provisions, notably those relating to the General Tax Code and the Customs Tariff.
The provisions of this Code do not prejudice any guarantees or more general benefits covered by treaties or agreements concluded between the Republic of the Ivory Coast and other States.
The declaration scheme applies to any company carrying out their activity in the sectors listed in article 9 below, without limitation of amount.
Investment projects are subject to a declaration to be deposited with the appropriate authorities, who will issue a certificate of deposit. The appropriate authorities, which are appointed by decree, will supply the economic operators with the relevant form for the different types of investment which fall within the scope of the Code.
The certificate of lodging the declaration permits the holder to benefit fully from the benefits set out in article 11 below. Enjoyment of these benefits is subject to the effective achievement of such investment as ascertained by the appropriate authorities.
//: Field of application
The declaration scheme applies to all investments relative to the creation of activity as defined by decree. Conditions of application of this procedure are set out in articles 10 and 12 below.
The declaration procedure defined in articles 5 and 8 of this code applies to the following sectors of activity:
- Agriculture, breeding and fisching