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The Legal Framework

An Attractive Legal and Regulatory Framework  The legal framework and regulatory environment for the free trade zone is one of the best in the world:  
  • 0 % customs fee on import and export
  • 0% of income taxes during the first 5 years
  • 1% of income taxes on the turnover starting year 6 with the possibility of tax reduction up to 50%
  • 0% of VAT on electricity, water and oil products consumption.
  • Right to freely transfer funds in and out of the country, including unlimited profit repatriation and invested capital re-exportation.
  • Assets or activities of the Free Zone establishments not subject to nationalization or any measures restricting private ownership, throughout the period of their activities in the Free Zone.
  • Long term visa and work permit for foreigners and their families. No limit on local and foreign investments, etc
  • The enterprise in charge of the management of the Park has the right to process main public transactions on the site on behalf of the Government, through a Single window clearance  approach, for fast processing of administrative transactions (license, import, export..)
  • Etc.

 


M. Gadou Vincent Kragbé, Conseiller Spécial du Président de la république de Côte d'Ivoire et PDG de VITIB SA a été nommé "FDI Personality of the year 2007 for Africa"
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