If you are planning to start an industry in Côte d’Ivoire, you must know that Côte d’Ivoire is one of the leading industries in West Africa. Therefore, getting an industry will be an opportunity that should not be missed because it will give you the chance to grow your business and create jobs in your country and the continent at large. The following are some reasons why to start an industry in Côte d’Ivoire.
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Top Reasons to set up your Business in Côte d’Ivoire
Côte d’Ivoire (Ivory Coast) is one of the most affluent countries in Africa, and there are many reasons why you should consider setting up your business there. In this blog post, we’re going to discuss some of the top reasons why you should consider setting up your business in Côte d’Ivoire!
1st A Lot of New Growth Opportunities
The GOCI has implemented measures to strengthen transparency, improve governance and attract businesses. A new commercial court was created to help ensure impartiality and accelerate dispute resolution. The GOCI enacted mining and telecommunication codes to improve the operational environment for businesses in those sectors and plans to update the investment code in 2018. Côte d’Ivoire’s mining potential is significant, with untapped resources, including gold, copper, iron ore, manganese, bauxite and diamonds.
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2rd The Economy of Côte d’Ivoire
The country depends heavily on agriculture but also has substantial mineral resources. Among these natural resources are deposits of bauxite, used in aluminum production; diamonds; gold; and uranium. Coffee and cocoa are also grown commercially for export.
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4TH Variety of Products Available Locally
Numerous business opportunities exist in agribusinesses, especially value-added processing of cocoa, cashews, rubber, cotton, palm oil and rice. Other opportunities exist in the sale of construction equipment and machinery; power generation; oil, gas and mining exploration; and infrastructure development. Côte d’Ivoire is a beneficiary country under the African Growth and Opportunity Act (AGOA).
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5th A Great Place to Start a New Venture
Côte d’Ivoire is a country that supports entrepreneurship. For example, unlike many countries where you would be required to register a new business with multiple Government agencies or bureaus, in Côte d’Ivoire it is possible and relatively straightforward to start a new business with only one registration. This helps establish clear ownership of businesses and avoids duplicate taxation by different entities. Additionally, entrepreneurs can register their new ventures online rather than having to physically appear at an office.
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NPCS can prepare project reports on any business idea you have. The project report includes all part of the business, from market analysis to confirming the availability of numerous necessities such as equipment and machinery, raw materials, and financial projections. Engineers, project consultants, and industrial consultancy businesses from all over the world have profited from the NPCS project report. NPCS also publishes technological, technical, reference, self-employment and startup publications, a directory, company and industry database, and much more, all of which may be found on the official website.
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