ivory coast

The Economy

Côte d’Ivoire, also known as Ivory Coast, is a West African nation with a population of approximately 28.15 million people. It also has a diverse economy that is heavily reliant on agriculture, particularly cocoa production. The country's manufacturing sector is also expanding, and it is a significant exporter of timber and petroleum products. However, in recent years, the economy has been harmed by political insecurity and civil conflict, resulting in a decrease in foreign investment and economic growth.

Nonetheless, in order to promote economic development, the country has made efforts to improve its infrastructure and attract foreign investment.

The Legal Business Structure

The following are the most common business structures in Côte d’Ivoire:

A sole proprietorship is a business that is owned and operated by a single person. This is the simplest and most straightforward business structure to establish, but it exposes the owner to personal liability.

A partnership is a business that is owned by two or more people. Profits and losses are shared, and partners are personally liable for the company's debts. The registration process can be relatively quick and straightforward, and can usually be completed within a few days. The registration process can take longer, as it typically involves drafting a partnership agreement and registering the partnership with the relevant authorities. The duration for this process can take around 1-2 weeks.