TRADE > Investment Climate
   
 

Investment Outlook in 2005

The economic outlook in 2005 strongly depends on implementation of the peace accords and positive moves towards durable political stability. In fact, the start of the Demobilization Disarmament and Reinsertion (DDR) process, the return of displaced civil administration in the North, the reunification of the country, fair elections, a post-conflict reconstruction program, and the resumption of regular donor assistance would each have a positive impact on the economy and would reassure economic operators, especially foreign investors.

Openness to Foreign Investment

Cote d'Ivoire actively encourages foreign investment through mergers, acquisitions, joint ventures, takeovers, or startups.
 
No Limits on foreign investment
GOCI does not SCREEN INVESTMENTS
No discrimination against foreign-owned firms.
The INVESTMENT CODE was designed to boost private sector investment and increase national production
Incentives for small-to medium sized firms
Greater Incentives and Tax Breaks for Industries outside Abidjan and other larger Urban areas.
Favorable Petroleum Investment Code and a Mining Investment Code, which were revised in the mid 1990's to further enhance prospects for foreign investment
 
Exemption from Income Taxes on equipments and spare parts.
An Independent Investment Promotion Center—CEPCI maintains files on Projects seeking Direct Foreign Investments (DFI)
 
GOCI does not use tax, labor, environment, or health and safety laws to impede or distort investment.
The Ministry Of Finance monitors foreign capital flow into the country and approves outside investment into the West Africa Franc Monetary Zone
 
Sizable U.S. investments in offshore gas and oil exploration and production, petroleum product distribution, cocoa and coffee processing and shipping, and banking
 
Cocoa sector dominates the foreign exchange revenue contributing about 30% to the Export Revenue and 20% to National Fiscal revenues
 
 
 
     
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