REPUBLIC OF COTE D'IVOIRE

OFFICE OF THE PRIME MINISTER

CEPICI

THE INVESTMENT CODE

 

LAW N° 95-620 OF AUGUST 3, 1996

 

TITLE I : GENERAL PROVISIONS

 Article 1 : 

This  Code lays down the incentive measures for investments made by individual and legal entities,  Ivorian or foreign, resident or non resident in the framework of their activities or their equity financing of companies in Côte d’Ivoire in order to promote private investment and increase domestic production. 

Article 2 : 

Investments in the activities envisaged for each sector identified in the provisions of this Code are freely made in compliance with the law and rules in force in Côte d’Ivoire. 

Article 3 : 

The provisions of this Code determine the incentive schemes specified as Investment declaration scheme and investment approval scheme which apply to the Investment operations complying with standards determined by decree without prejudice to the package of incentive provisions especially those set forth by the General  Tax Code and Customs Tariffs. 

Article 4 : 

The provisions of this Code do not stand in the way of larger guarantees and benefits which would be provided for by agreements between the Republic of Côte d’Ivoire and other States. 

TITLE II : INVESTMENT DECLARATION SCHEME

 CHAPTER I : ProcedureS. 

Article 5 : 

The investment declaration scheme is applicable to any enterprise operating in the sectors referred to in Article 9 below, without any restriction on the amount. 

Article 6 : 

The investment projects are declared to the competent authorities who are compelled to issue a certificate of receipt. 

The competent authorities who are appointed by decree provide the economic operators with forms adapted to the different types of investments determined in this Code. 

Article 7 : 

The certificate of declaration’s receipt enables you to get the full benefits determined under Article 11 below. The enjoyment of the benefits is subject to the effective implementation of the investments as ascertained by the competent authorities. 

CHAPITRE II : SCOPE OF APLICATION

Article 8 : 

The declaration scheme applies to the investments involving the starting up of activities as determined by decree. 

The application conditions of this scheme to investment operations are set forth under Articles 10 and 12 below. 

Article 9 : 

The declaration scheme defined under Articles 5 and 8 of this Code applies to the following activity sectors : 

            - agriculture, cattle-breeding  and fishing ;

            - mining industries and power generation ;

            - manufacturing ;

            - health ;

            - education ;

            - tourism ;

            - other sectors excluding Construction, Trade, Transport and Financial and                Banking  Services. 

The list of activities in the sector referred to in this article is  determined by decree.