Considered as a developing economy, Ivory Coast has recorded growth for quite some years, and the country is currently diversifying to boost its growth potential further.
If your organisation is planning to move to Ivory Coast, Africa HR Solutions is the go-to partner to drive your employment outsourcing strategy, whilst our experts work alongside you to set up an HR outsourcing plan to make your move a success. Our Ivory Coast HR outsourcing services include comprehensive solutions to ensure you move to the country even if you do not have a legal entity yet. From Professional Employer Organisation (PEO) to Employer of Record, payroll solutions as well as other ancillary support services, we devise bespoke solutions that suit your business objectives and international strategy, in line with compliance and laws.
Country Profile - Ivory Coast
Population: 25.1 mn
Gross Domestic Product (GDP): $959.98 bn
GDP Growth: 7.4%
Inflation: 0.4%
Foreign Direct Investment (% of GDP): 2.1%
Unemployment Rate: 2.5 %
Capital: Yamoussoukro
Currency: West African CFA franc
Languages: French
Ivory Coast 's Economy
Ivory Coast used to be a regional hub for business and attract foreign direct investment with cocoa and coffee as major export products. Representing 85% of the Gross National Product, the private sector is the backbone of the country. While Ivory Coast promotes investment, which encompasses the privatisation of public and state-owned companies, in most cases the government reserves an equity stake in the new organisation. The level of poverty and human development remains low. Ivory Coast is focusing more on developing education, improving governance, and exploring sustainable use of agricultural products and natural resources.
Interesting Facts About Ivory Coast
It is the 68th largest country in the world in terms of land area
The Republic of Côte d’Ivoire is the official name of the country
Ivory Coast is bordered by the following countries: Guinea and Liberia (west), Burkina Faso and Mali (north), and Ghana (east), and the Atlantic Ocean (south).
The country is the world’s largest exporter of cocoa beans
Its biodiversity comprises over 230 mammals, 700 birds, 125 reptiles, 100 fish, and more than 35 different types of amphibians, and approximately 4,700 plant species.
Public Holidays in Ivory Coast
New Year’s Day
Easter Monday
Labour Day
Ascension Day
Whit Monday
Laila tou-Kadr
Eid ul-Fitr
Independence Day
Assumption of Mary
Eid ul-Kebir (Eid-ul-Adha)
All Saints Day
National Peace Day
The Prophet’s Birthday
Christmas Day
Employment in Ivory Coast
Employees are eligible for vacation, sick, and parental leaves. Probation periods vary between 8 days to three months, depending on your job position and whether you are an hourly or monthly employee. There are taxation rules in the country, whereby the Pay As You Earn (PAYE) system is applicable.
As your organisation move to Ivory Coast, our in-country experts at Africa HR Solutions work together with you to devise your benefits, guide you on strategy, whilst ensuring compliance with the law of the economy.
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