The ISO code of Cote d'Ivoire is CI according to the ISO 3166 standard. The local name of the country is the same as its English name. Cote d'Ivoire capital city is Yamoussoukro (official); Abidjan (former capital; still has many government offices). People in Cote d'Ivoire speak the French language. In the year 1960, Cote d'Ivoire emerged as a sovereign political entity. The largest cities in Cote d'Ivoire are Yamoussoukro, Abidjan.
Cote d'Ivoire is located in the UTC +00:00 time zone, which is also called Western European Time or WET. The internet country code top-level domain (ccTLD) for Cote d'Ivoire is .ci. The International dialing code for Cote d'Ivoire is 225. People in Cote d'Ivoire drive on the right side of the road. Total land area of Cote d'Ivoire is 322,463 km² (approx. 124,503 mi²). Cote d'Ivoire is not a landlocked country. It means that is is bordered by at least one major body of water.
Cote d'Ivoire is located in Africa. Cote d'Ivoire is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Cote d'Ivoire faces various issues, including deforestation (most of the country's forests - once the largest in West Africa - have been heavily logged), water pollution from sewage and industrial and agricultural effluents.
Doing business in Cote d'Ivoire
We offer various corporate services in Cote d'Ivoire jurisdiction. These services can serve both, people coming from Cote d'Ivoire and foreigners. If you plan on doing business in Cote d'Ivoire you might be interested in contacting us.
To find out about starting your business in Cote d'Ivoire click on company formation in Cote d'Ivoire.
To find out how to open a bank account in Cote d'Ivoire and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Cote d'Ivoire.
Choose preferred service below or continue reading to find out more about Cote d'Ivoire.
Demographics of Cote d'Ivoire
The total population of Cote d'Ivoire is 24,905,843 people. In Cote d'Ivoire, the population density is 72 people per square kilometer (187 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is very diverse according to a fractionalization scale which for Cote d'Ivoire is 0.8204. Cote d'Ivoire has approximately 2175399 foreign immigrants. The median age is approximately 20.3 years. In Cote d'Ivoire, 2.38 in every 100 people use internet. Cote d'Ivoire has a Human Development Index (HDI) of 0.452.
The majority religion of Cote d'Ivoire is Christianity, Cote d'Ivoire is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Cote d'Ivoire.
Culture of Cote d'Ivoire
People in Cote d'Ivoire speak the French language. According to data on inbound tourists in Cote d'Ivoire, 290,000 tourists arrive in the country each year. One of the most popular national dishes of Cote d'Ivoire is fufu. To read more click on culture of Cote d'Ivoire.
Geography of Cote d'Ivoire
Cote d'Ivoire is considered to be a large nation because of its total area. Its total land area is 322,463 km² (approx. 124,503 mi²). Cote d'Ivoire is located in Africa. Its capital city is Yamoussoukro (official); Abidjan (former capital; still has many government offices). Cote d'Ivoire has 5 neighbouring countries. Its neighbours include Burkina Faso, Ghana, Guinea, Liberia, and Mali. Total length of land borders of Cote d'Ivoire is 3458 kilometers (~1,335 miles).
The highest point of Cote d'Ivoire is Mont Nimba, with its official height being 1752 m (5,748 ft). Including land mass and EEZ, the total area of Cote d'Ivoire is approximately 498,717 km² (~192,555 mi²). The most notable natural resources found in Cote d'Ivoire are petroleum, natural gas, diamonds, manganese, iron ore, cobalt, bauxite, copper, gold, nickel, tantalum, silica sand, clay, cocoa beans, coffee, palm oil, hydropower.To read more click on geography of Cote d'Ivoire.
Economy of Cote d'Ivoire
The currency of the country is West African CFA Franc. The symbol used for this currency is Fr, and it is abbreviated as XOF. 2.6% of population in the country are unemployed. The total number of unemployed people in Cote d'Ivoire is 647,552. Each year, Cote d'Ivoire exports around $12.96 billion and imports roughly $9.86 billion. The Gini Index of the country is 41.5. Cote d'Ivoire has a Human Development Index (HDI) of 0.452.The Global Peace Index (GPI) for Cote d'Ivoire is 2.133. Cote d'Ivoire has a government debt of 18.4% of the country's Gross Domestic Product (GDP), as assessed in 2012. Cote d'Ivoire is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are foodstuffs, beverages, wood products, oil refining, gold mining, truck and bus assembly, textiles, fertilizer, building materials, electricity.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Cote d'Ivoire is $48 billion. Each year, consumers spend around $15,939 million. The ratio of consumer spending to GDP in Cote d'Ivoire is 0%, and the ratio of consumer spending to the world consumer market is 0.046. The corporate tax in Cote d'Ivoire is set at 25%. Personal income tax ranges from 0% to 10%, depending on your specific situation and income level. VAT in Cote d'Ivoire is 18%. In 2013, Cote d'Ivoire received 2635.6 million USD in foreign aid.In 2014, the foreign aid amounted to 1436 USD.To read more click on economy of Cote d'Ivoire.
Infrastructure of Cote d'Ivoire
Infrastructure quality in Cote d'Ivoire is rated to be at 2.41. It indicates a mediocre quality - roads, railroad, ports and other facilities are able to handle somewhat significant traffic, but not enough to ensure smooth transit at all times.
In Cote d'Ivoire, 55.8% of the population has access to electricity. There are 9,115 internet hosts in Cote d'Ivoire. Cote d'Ivoire has 27 airports nationwide.
The logistics performance index of Cote d'Ivoire is 2.76. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 2.97. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
The number of road motor vehicles per 1000 inhabitants in Cote d'Ivoire is 38. To read more click on infrastructure of Cote d'Ivoire.
Politics of Cote d'Ivoire
Cote d'Ivoire, is a semipresidential republic. With regard to political and civil freedoms, Cote d'Ivoire is 2. Citizens in Cote d'Ivoire experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Cote d'Ivoire, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is Alassane Ouattara.
According to the World Bank Group, the government effectiveness index of Cote d'Ivoire is -0.78. This indicates that the government of Cote d'Ivoire is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Cote d'Ivoire, the legislative power is vested in a National Assembly. The Global Peace Index (GPI) for Cote d'Ivoire is 2.133. The strength of legal rights index for Cote d'Ivoire is 6. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. In 2013, Cote d'Ivoire received 2635.6 million USD in foreign aid. In 2014, the foreign aid amounted to 1436 USD. Cote d'Ivoire is a member of the United Nations (UN). On 20 September 1960, it joined the UN as a full member state. Cote d'Ivoire is a member of the African Union (AU). On 25 May 1963, it joined the AU as a full member state. Cote d'Ivoire is a member of the World Bank. To read more click on politics of Cote d'Ivoire.
Environment of Cote d'Ivoire
Cote d'Ivoire emits 0.3 metric tons per capita of CO2. 30000 km² of Cote d'Ivoire's territory is covered in forests. and forest land comprises 9% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Cote d'Ivoire is 38. To read more click on environment of Cote d'Ivoire.
Company formation in Cote d'Ivoire
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Cote d'Ivoire.
When establishing a company in Cote d'Ivoire, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Cote d'Ivoire that will affect the establishment and growth of one's business. Contact us or click on company formation in Cote d'Ivoire to read additional information when setting up a business.
Bank account opening in Cote d'Ivoire
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Cote d'Ivoire. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Cote d'Ivoire, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Cote d'Ivoire or contact us.