Government of Cote d’Ivoire (GOCI) has continued to be focus on economic recovery following the 2011 post-electoral crisis and after more than a decade of economic mismanagement and infrastructure decay this is mainly to encourage investment in the country.
In 2012, the Governments efforts began to bear fruit, with estimated GDP growth of 8.6 percent and stronger than expected fiscal receipts. Significant legislative steps were also taken to improve business conditions and encourage foreign private investment.
Successful efforts to implement reform in the public finance, energy, cocoa and coffee sectors helped the country to attain the Heavily Indebted Poor Countries (HIPC) completion point in June and thus receive significant debt relief.
This general improvement in the investment climate was reinforced by passage of the 2012 Investment Code.
The Investment Promotion Centre in Côte d’Ivoire (CEPICI)
CEPICI is one-stop shop for direct investment in Côte d’Ivoire and to this end, the centre gathers, coordinates and streamlines all government initiatives and actions on investment promotion and private sector development.
Role and Responsibilities
The missions CEPICI are cross-cutting which gives it a role dedicated to supporting the private sector and the interface between it and the State, in order to increase private investment in Côte d’Ivoire.
The CEPICl is responsible for:
- To ensure, through its Single Window Investor, including:
- Facilitating administrative procedures relating to the establishment, operation, transmission or expanding businesses. Governments and organizations involved in these procedures are for this purpose, grouped in the CEPICl ;
- Contribution to the reduction of costs and time for these formalities
- The receipt and processing of applications from investors for the benefit of benefits of the Investment Code;
Cote d’Ivoire investment code 2012
Offers incentives, including tax reductions and in some cases exemptions from value added taxes (VAT) on equipment for private investors.
Investment Climate in Ivory Coast has been summarized to include the following
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