Doing Business Civ

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Doing Business Civ

  1. 1. Economy Profile:Côte dIvoire
  2. 2. © 2012 The International Bank for Reconstruction and Development /The World Bank1818 H Street NWWashington, DC 20433Telephone 202-473-1000Internet www.worldbank.orgAll rights reserved.1 2 3 4 08 07 06 05A copublication of The World Bank and the International Finance Corporation.This volume is a product of the staff of the World Bank Group. The findings,interpretations and conclusions expressed in this volume do not necessarilyreflect the views of the Executive Directors of the World Bank or thegovernments they represent. The World Bank does not guarantee the accuracyof the data included in this work.Rights and PermissionsThe material in this publication is copyrighted. Copying and/or transmittingportions or all of this work without permission may be a violation of applicablelaw. The World Bank encourages dissemination of its work and will normallygrant permission to reproduce portions of the work promptly.For permission to photocopy or reprint any part of this work, please send arequest with complete information to the Copyright Clearance Center, Inc.,222 Rosewood Drive, Danvers, MA 01923, USA; telephone 978-750-8400;fax 978-750-4470; Internet www.copyright.com.All other queries on rights and licenses, including subsidiary rights, should beaddressed to the Office of the Publisher, The World Bank, 1818 H Street NW,Washington, DC 20433, USA; fax 202-522-2422; e-mailpubrights@worldbank.org.Copies of Doing Business 2012: Doing Business in a More Transparent World,Doing Business 2011: Making a Difference for Entrepreneurs, Doing Business2010: Reforming through Difficult Times, Doing Business 2009, Doing Business2008, Doing Business 2007: How to Reform, Doing Business in 2006: CreatingJobs, Doing Business in 2005: Removing Obstacles to Growth and Doing Businessin 2004: Understanding Regulations may be downloaded atwww.doingbusiness.org.ISBN: 978-0-8213-8833-4E-ISBN: 978-0-8213-8834-1DOI: 10.1596/978-0-8213-8833-4ISSN: 1729-2638Printed in the United States
  3. 3. Doing Business 2012 Côte dIvoire 3CONTENTSIntroduction .................................................................................................................................. 4The business environment .......................................................................................................... 5Starting a business ..................................................................................................................... 14Dealing with construction permits ........................................................................................... 24Getting electricity ....................................................................................................................... 34Registering property .................................................................................................................. 40Getting credit .............................................................................................................................. 49Protecting investors ................................................................................................................... 56Paying taxes ................................................................................................................................ 66Trading across borders .............................................................................................................. 74Enforcing contracts .................................................................................................................... 83Resolving insolvency .................................................................................................................. 90Data notes ................................................................................................................................... 96Resources on the Doing Business website ............................................................................ 101
  4. 4. Doing Business 2012 Côte dIvoire 4INTRODUCTIONDoing Business sheds light on how easy or difficult it is (except for the paying taxes indicators, which cover thefor a local entrepreneur to open and run a small to period January–December 2010).medium-size business when complying with relevant The Doing Business methodology has limitations. Otherregulations. It measures and tracks changes in areas important to business—such as an economy’sregulations affecting 10 areas in the life cycle of a proximity to large markets, the quality of itsbusiness: starting a business, dealing with construction infrastructure services (other than those related topermits, getting electricity, registering property, trading across borders and getting electricity), thegetting credit, protecting investors, paying taxes, security of property from theft and looting, thetrading across borders, enforcing contracts and transparency of government procurement,resolving insolvency. macroeconomic conditions or the underlying strengthIn a series of annual reports Doing Business presents of institutions—are not directly studied by Doingquantitative indicators on business regulations and the Business. The indicators refer to a specific type ofprotection of property rights that can be compared business, generally a local limited liability companyacross 183 economies, from Afghanistan to Zimbabwe, operating in the largest business city. Becauseover time. The data set covers 46 economies in Sub- standard assumptions are used in the data collection,Saharan Africa, 32 in Latin America and the Caribbean, comparisons and benchmarks are valid across24 in East Asia and the Pacific, 24 in Eastern Europe economies. The data not only highlight the extent ofand Central Asia, 18 in the Middle East and North obstacles to doing business; they also help identify theAfrica and 8 in South Asia, as well as 31 OECD high- source of those obstacles, supporting policy makers inincome economies. The indicators are used to analyze designing regulatory reform.economic outcomes and identify what reforms have More information is available in the full report. Doingworked, where and why. Business 2012 presents the indicators, analyzes theirThis economy profile presents the Doing Business relationship with economic outcomes andindicators for Côte dIvoire. To allow useful recommends regulatory reforms. The data, along withcomparison, it also provides data for other selected information on ordering Doing Business 2012, areeconomies (comparator economies) for each indicator. available on the Doing Business website atThe data in this report are current as of June 1, 2011 http://www.doingbusiness.org.
  5. 5. Doing Business 2012 Côte dIvoire 5THE BUSINESS ENVIRONMENTFor policy makers trying to improve their economy’sregulatory environment for business, a good place to ECONOMY OVERVIEWstart is to find out how it compares with the regulatoryenvironment in other economies. Doing Businessprovides an aggregate ranking on the ease of doing Region: Sub-Saharan Africabusiness based on indicator sets that measure andbenchmark regulations applying to domestic small to Income category: Lower middle incomemedium-size businesses through their life cycle.Economies are ranked from 1 to 183 by the ease of Population: 21,570,746doing business index. For each economy the index iscalculated as the ranking on the simple average of its GNI per capita (US$): 1,070.00percentile rankings on each of the 10 topics included inthe index in Doing Business 2012: starting a business, DB2012 rank: 167dealing with construction permits, getting electricity,registering property, getting credit, protecting DB2011 rank: 170investors, paying taxes, trading across borders, Change in rank: 3enforcing contracts and resolving insolvency. Theranking on each topic is the simple average of thepercentile rankings on its component indicators (see Note: See the data notes for sources andthe data notes for more details). 1 definitions.The aggregate ranking on the ease of doing businessbenchmarks each economy’s performance on theindicators against that of all other economies in theDoing Business sample (figure 1.1). While this rankingtells much about the business environment in aneconomy, it does not tell the whole story. The ranking onthe ease of doing business, and the underlyingindicators, do not measure all aspects of the businessenvironment that matter to firms and investors or thataffect the competitiveness of the economy. Still, a highranking does mean that the government has created aregulatory environment conducive to operating abusiness.1 Except for the ease of getting credit, for which the percentile rankings on its component indicators are weighted, the depth of creditinformation index at 37.5% and the strength of legal rights index at 62.5%.
  6. 6. Doing Business 2012 Côte dIvoire 6THE BUSINESS ENVIRONMENTFigure 1.1 Where economies stand in the global ranking on the ease of doing businessSource: Doing Business database.
  7. 7. Doing Business 2012 Côte dIvoire 7THE BUSINESS ENVIRONMENTFor policy makers, knowing where their economy the regional average (figure 1.2). The economy’sstands in the aggregate ranking on the ease of doing rankings on the topics included in the ease of doingbusiness is useful. Also useful is to know how it ranks business index provide another perspective (figurecompared with other economies and compared with 1.3).Figure 1.2 How Côte dIvoire and comparator economies rank on the ease of doing businessSource: Doing Business database.
  8. 8. Doing Business 2012 Côte dIvoire 8THE BUSINESS ENVIRONMENTFigure 1.3 How Côte dIvoire ranks on Doing Business topicsSource: Doing Business database.
  9. 9. Doing Business 2012 Côte dIvoire 9THE BUSINESS ENVIRONMENTJust as the overall ranking on the ease of doing This measure shows the distance of each economy tobusiness tells only part of the story, so do changes in the ―frontier,‖ a synthetic measure based on the mostthat ranking. Yearly movements in rankings can efficient practice or highest score observed for eachprovide some indication of changes in an economy’s Doing Business indicator across all economies andregulatory environment for firms, but they are always years included in the Doing Business sample sincerelative. An economy’s ranking might change because 2005. Nine areas of business regulation are covered.of developments in other economies. An economy that Comparing the measure for an economy at 2 points inimplemented business regulation reforms may fail to time allows users to assess how much the economy’srise in the rankings (or may even drop) if it is passed regulatory environment as measured by Doingby others whose business regulation reforms had a Business has changed over time—how far it has movedmore significant impact as measured by Doing toward (or away from) the most efficient practices andBusiness. strongest regulations in areas covered by DoingMoreover, year-to-year changes in the overall rankings Business (figure 1.4). The results may show that thedo not reflect how the business regulatory pace of change varies widely across the areasenvironment in an economy has changed over time— measured. They also may show that an economy isor how it has changed in different areas. To aid in relatively close to the frontier in some areas andassessing such changes, Doing Business 2012 relatively far from it in others.introduces the distance to frontier measure.Figure 1.4 How far has Côte dIvoire come in the areas measured by Doing Business?Distance to frontier, 2005 and 2011Note: For economies added to the Doing Business sample after 2005, the starting point is the year in which they were added: 2006 forMontenegro; 2007 for Brunei Darussalam, Liberia and Luxembourg; 2008 for The Bahamas, Bahrain and Qatar; and 2009 for Cyprus andKosovo. See the data notes for more details on the distance to frontier measure.Source: Doing Business database.
  10. 10. Doing Business 2012 Côte dIvoire 10THE BUSINESS ENVIRONMENTThe absolute values of the indicators tell another part business regulation—such as a regulatory process thatof the story (table 1.1). The indicators, on their own or can be completed with a small number of proceduresin comparison with the indicators of a good practice in a few days and at a low cost. Comparison of theeconomy or those of comparator economies in the economy’s indicators today with those in the previousregion, may reveal bottlenecks reflected in large year may show where substantial bottlenecks persist—numbers of procedures, long delays or high costs. Or and where they are diminishing.they may reveal unexpected strengths in an area ofTable 1.1 Summary of Doing Business indicators for Côte dIvoire Best performer globally Côte dIvoire DB2012 Côte dIvoire DB2011 Burkina Faso DB2012 Senegal DB2012 Nigeria DB2012 Indicator Benin DB2012 Togo DB2012 Mali DB2012 DB2012 Starting a Business 170 171 154 116 115 116 93 174 New Zealand (1)(rank)Procedures (number) 10 10 6 3 4 8 3 7 Canada (1)*Time (days) 32 40 29 13 8 34 5 84 New Zealand (1) Cost (% of income per 132.6 133.0 149.9 47.7 90.5 70.6 68.0 177.2 Denmark (0.0)*capita)Paid-in Min. Capital (% 200.4 202.9 280.4 373.3 348.3 0.0 203.0 484.5 82 Economies (0.0)*of income per capita) Dealing with Hong Kong SAR,Construction Permits 169 168 117 59 95 84 125 146 China (1)(rank)Procedures (number) 18 18 12 12 11 15 13 12 Denmark (5)Time (days) 583 583 372 98 179 85 210 309 Singapore (26)* Cost (% of income per 204.8 207.3 132.6 345.0 439.3 504.8 435.2 994.0 Qatar (1.1)capita)
  11. 11. Doing Business 2012 Côte dIvoire 11 Best performer globally Côte dIvoire DB2012 Côte dIvoire DB2011 Burkina Faso DB2012 Senegal DB2012 Nigeria DB2012 Indicator Benin DB2012 Togo DB2012 Mali DB2012 DB2012Getting Electricity (rank) 73 76 140 139 113 176 168 92 Iceland (1)Procedures (number) 5 5 4 4 4 8 6 4 Germany (3)*Time (days) 33 33 158 158 120 260 125 74 Germany (17) Cost (% of income per 4002.3 4137.0 15205.3 13356.8 4397.7 1056.0 5938.9 6023.2 Japan (0.0)capita) Registering Property 158 154 130 111 91 180 171 162 New Zealand (3)(rank)Procedures (number) 6 6 4 4 5 13 6 5 Portugal (1)*Time (days) 62 62 120 59 29 82 122 295 Portugal (1) Cost (% of property 13.9 13.9 11.8 12.8 12.1 20.8 20.3 13.0 Slovak Republic (0.0)value)Getting Credit (rank) 126 152 126 126 126 78 126 126 United Kingdom (1)* Strength of legal rights 6 3 6 6 6 9 6 6 New Zealand (10)*index (0-10) Depth of credit 1 1 1 1 1 0 1 1 Japan (6)*information index (0-6) Public registry coverage 2.6 2.6 10.7 1.8 3.7 0.1 4.5 2.5 Portugal (86.2)(% of adults) Private bureau coverage 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 New Zealand (100.0)*(% of adults) Protecting Investors 155 153 155 147 147 65 166 147 New Zealand (1)(rank) Extent of disclosure 6 6 6 6 6 5 6 6 France (10)*index (0-10)
  12. 12. Doing Business 2012 Côte dIvoire 12 Best performer globally Côte dIvoire DB2012 Côte dIvoire DB2011 Burkina Faso DB2012 Senegal DB2012 Nigeria DB2012 Indicator Benin DB2012 Togo DB2012 Mali DB2012 DB2012 Extent of director 1 1 1 1 1 7 1 1 Singapore (9)*liability index (0-10) Ease of shareholder suits 3 3 3 4 4 5 2 4 New Zealand (10)*index (0-10)Strength of investor 3.3 3.3 3.3 3.7 3.7 5.7 3.0 3.7 New Zealand (9.7)protection index (0-10)Paying Taxes (rank) 159 153 170 147 163 138 174 161 Canada (8) Payments (number per 62 64 55 46 59 35 59 53 Norway (4)year)Time (hours per year) 270 270 270 270 270 938 666 270 Luxembourg (59) Trading Across Borders 161 160 129 175 146 149 65 98 Singapore (1)(rank) Documents to export 10 10 7 10 6 10 6 6 France (2)(number) Hong Kong SAR,Time to export (days) 25 25 30 41 26 24 11 24 China (5)* Cost to export (US$ per 1969 1969 1049 2412 2202 1263 1098 940 Malaysia (450)container) Documents to import 9 9 8 10 9 9 5 8 France (2)(number)Time to import (days) 36 36 32 49 31 39 14 28 Singapore (4) Cost to import (US$ per 2577 2577 1496 4030 3067 1440 1740 1109 Malaysia (435)container) Enforcing Contracts 124 124 176 108 132 97 145 151 Luxembourg (1)(rank)
  13. 13. Doing Business 2012 Côte dIvoire 13 Best performer globally Côte dIvoire DB2012 Côte dIvoire DB2011 Burkina Faso DB2012 Senegal DB2012 Nigeria DB2012 Indicator Benin DB2012 Togo DB2012 Mali DB2012 DB2012Time (days) 770 770 795 446 620 457 780 588 Singapore (150)Cost (% of claim) 41.7 41.7 64.7 81.7 52.0 32.0 26.5 47.5 Bhutan (0.1)Procedures (number) 33 33 42 37 36 40 43 41 Ireland (21)* Resolving Insolvency 70 81 127 103 111 99 86 93 Japan (1)(rank)Time (years) 2.2 2.2 4.0 4.0 3.6 2.0 3.0 3.0 Ireland (0.4)Cost (% of estate) 18 18 22 9 18 22 7 15 Singapore (1)* Recovery rate (cents on 37.6 32.8 20.2 27.3 24.9 28.2 32.0 30.5 Japan (92.7)the dollar)Note: The methodology for the paying taxes indicators changed in Doing Business 2012; see the data notes for details. For theseindicators, the best performer globally is the economy that has implemented the most efficient practices in its tax system and isnot necessarily the one with the highest ranking. For more information on “no practice” marks, see the data notes for details.* Two or more economies share the top ranking on this indicator. A number shown in place of an economy’s name indicates thenumber of economies that share the top ranking on the indicator. For a list of these economies, see the Doing Business website(http://www.doingbusiness.org).Source: Doing Business database.
  14. 14. Doing Business 2012 Côte dIvoire 14STARTING A BUSINESSFormal registration of companies has many WHAT THE STARTING A BUSINESSimmediate benefits for the companies and forbusiness owners and employees. Legal entities can INDICATORS MEASUREoutlive their founders. Resources are pooled asseveral shareholders join forces to start a company. Procedures to legally start and operate aFormally registered companies have access to company (number)services and institutions from courts to banks as Preregistration (for example, namewell as to new markets. And their employees can verification or reservation, notarization)benefit from protections provided by the law. Anadditional benefit comes with limited liability Registration in the economy’s largestcompanies. These limit the financial liability of business citycompany owners to their investments, so personal Postregistration (for example, social securityassets of the owners are not put at risk. Where registration, company seal)governments make registration easy, moreentrepreneurs start businesses in the formal sector, Time required to complete each procedurecreating more good jobs and generating more (calendar days)revenue for the government. Does not include time spent gatheringWhat do the indicators cover? informationDoing Business measures the ease of starting a Each procedure starts on a separate daybusiness in an economy by recording all Procedure completed once final document isprocedures that are officially required or commonly receiveddone in practice by an entrepreneur to start up andformally operate an industrial or commercial No prior contact with officialsbusiness—as well as the time and cost required to Cost required to complete each procedurecomplete these procedures. It also records the (% of income per capita)paid-in minimum capital that companies mustdeposit before registration (or within 3 months). Official costs only, no bribesThe ranking on the ease of starting a business is No professional fees unless services requiredthe simple average of the percentile rankings on by lawthe 4 component indicators: procedures, time, costand paid-in minimum capital requirement. Paid-in minimum capital (% of income per capita)To make the data comparable across economies,Doing Business uses several assumptions about the Deposited in a bank or with a notary beforebusiness and the procedures. It assumes that all registration (or within 3 months)information is readily available to the entrepreneur  Has a start-up capital of 10 times income perand that there has been no prior contact with capita.officials. It also assumes that all government andnongovernment entities involved in the process  Has a turnover of at least 100 times income per capita.function without corruption. And it assumes thatthe business:  Does not qualify for any special benefits. Is a limited liability company, located in the  Does not own real estate. largest business city.  Is 100% domestically owned. Conducts general commercial or industrial activities.
  15. 15. Doing Business 2012 Côte dIvoire 15STARTING A BUSINESSWhere does the economy stand today?What does it take to start a business in Côte dIvoire? costs 132.6% of income per capita and requires paid-inAccording to data collected by Doing Business, starting minimum capital of 200.4% of income per capitaa business there requires 10 procedures, takes 32 days, (figure 2.1).Figure 2.1 What it takes to start a business in Côte dIvoirePaid-in minimum capital (% of income per capita): 200.4Note: For details on the procedures reflected here, see the summary at the end of this chapter.Source: Doing Business database.
  16. 16. Doing Business 2012 Côte dIvoire 16STARTING A BUSINESSGlobally, Côte dIvoire stands at 170 in the ranking of and the regional average ranking provide other useful183 economies on the ease of starting a business information for assessing how easy it is for an(figure 2.2). The rankings for comparator economies entrepreneur in Côte dIvoire to start a business.Figure 2.2 How Côte dIvoire and comparator economies rank on the ease of starting a businessSource: Doing Business database.
  17. 17. Doing Business 2012 Côte dIvoire 17STARTING A BUSINESSWhat are the changes over time?While the most recent Doing Business data reflect how the process have changed—and which have not (tableeasy (or difficult) it is to start a business in Côte 2.1). That can help identify where the potential fordIvoire today, data over time show which aspects of improvement is greatest.Table 2.1 The ease of starting a business in Côte dIvoire over timeBy Doing Business report yearIndicator DB2004 DB2005 DB2006 DB2007 DB2008 DB2009 DB2010 DB2011 DB2012Rank .. .. .. .. .. .. .. 171 170Procedures (number) 11 11 11 11 10 10 10 10 10Time (days) 62 58 45 45 40 40 40 40 32 Cost (% of income per 139.5 133.6 134.9 134.1 135.8 135.1 133.3 133.0 132.6capita)Paid-in Min. Capital (% 212.5 222.3 225.2 226.7 219.8 215.9 204.9 202.9 200.4of income per capita)Note: n.a. = not applicable (the economy was not included in Doing Business for that year). DB2012 rankings reflect changes tothe methodology.Source: Doing Business database.
  18. 18. Doing Business 2012 Côte dIvoire 18STARTING A BUSINESSEqually helpful may be the benchmarks provided by Côte dIvoire on ways to improve the ease of starting athe economies that today have the best performance business. And changes in regional averages can showregionally or globally on the procedures, time, cost or where Côte dIvoire is keeping up—and where it ispaid-in minimum capital required to start a business falling behind.(figure 2.3). These economies may provide a model forFigure 2.3 Has starting a business become easier over time?Procedures (number)Time (days)
  19. 19. Doing Business 2012 Côte dIvoire 19STARTING A BUSINESSCost (% of income per capita)Paid-in minimum capital (% of income per capita)Note: The economy with the best performance regionally on each indicator, and the economy with the best performanceglobally, are included as benchmarks. In some cases 2 or more economies share the top regional or global ranking on anindicator. In the case of paid-in minimum capital, 82 economies globally and economies in Sub-Saharan Africa have nopaid-in minimum capital.Source: Doing Business database.
  20. 20. Doing Business 2012 Côte dIvoire 20STARTING A BUSINESSEconomies around the world have taken steps making greater firm satisfaction and savings and moreit easier to start a business—streamlining procedures registered businesses, financial resources and jobby setting up a one-stop shop, making procedures opportunities.simpler or faster by introducing technology and What business registration reforms has Doing Businessreducing or eliminating minimum capital requirements. recorded in Côte dIvoire (table 2.2)?Many have undertaken business registration reforms instages—and they often are part of a larger regulatoryreform program. Among the benefits have beenTable 2.2 How has Côte dIvoire made starting a business easier—or not?By Doing Business report year DB Year Reform Côte d’Ivoire made starting a business easier by reorganizing DB2012 the court clerk’s office where entrepreneurs file their company documents. DB2011 No reform. DB2010 No reform. DB2009 No reform.Note: For information on reforms in earlier years (back to DB2005), see the Doing Business reportsfor these years, available at http://www.doingbusiness.org.Source: Doing Business database.
  21. 21. Doing Business 2012 Côte dIvoire 21STARTING A BUSINESSWhat are the details?Underlying the indicators shown in this chapter for STANDARDIZED COMPANYCôte dIvoire is a set of specific procedures—thebureaucratic and legal steps that an entrepreneurmust complete to incorporate and register a new City: Abidjanfirm. These are identified by Doing Businessthrough collaboration with relevant local Legal Form: Société à Responsabilité Limitée (SARL) - Limitedprofessionals and the study of laws, regulations and Liability Companypublicly available information on business entry in Start-up capital: 10 times GNI per capitathat economy. Following is a detailed summary ofthose procedures, along with the associated time Paid-in minimum capital (% of income perand cost. These procedures are those that apply to capita): 200.4a company matching the standard assumptions(the ―standardized company‖) used by DoingBusiness in collecting the data (see the section inthis chapter on what the indicators measure).Summary of procedures for starting a business in Côte dIvoire—and the time and cost Time to No. Procedure Cost to complete complete Deposit the initial capital in a bank and obtain a receipt 1 1 day no charge Obtain two extracts of the criminal record of the managers 2 4 days XOF 3000 * A notary certifies the paid-in capital The procedure varies according if the notary deposits the capital or if 10% of initial capital 2 days (simultaneous the applicant deposits the capital. (including notary fees, 3 with previous If the capital is deposited in a bank account, the deposit attestation : registration and procedure) "lattestation de dépôt" is usually given the same or the following day stamps cost) depending on the bank. If the applicant goes to the notary to deposit the min capital, then it takes un minimum of 7 days. Register with the Direction de l’Enregistrement et du Timbre Registration with Direction de lEnregistrement et du Timbre must take place within a month of the date of signing of the statutes. Otherwise, the registration and stamp duty fees double. included in procedure 4 Duty: 7 days 3 - If capital is less than or equal to FCFA 5 billion: 0.6% of capital. - If capital is FCFA 5 billion or more: 0.2% of capital. Stamps duties must be paid on articles of incorporation as well as on the notary statement (DNSV) at a cost of 500 FCFA per page. Recording the DNSV is subject to a fixed fee of FCFA 18.000
  22. 22. Doing Business 2012 Côte dIvoire 22 Time toNo. Procedure Cost to complete complete Publish the formation notice in a legal journal Publication of a company formation notice in the official gazette5 ―Journal officiel‖ or a newspaper shall be accomplished within a period 3 days XOF 8760 per line of fifteen days following registration. The insertion of the legal notice, signed by the notary or by the founders costs 8 760 FCFA/line; the total cost depends of the number of lines of the notice. Legalization of the copies of newspaper publication by the local council services6 2 days XOF 2100 Three samples of the newspaper are bought for FCFA 600, and their authentication cost is FCFA 1,500. Representatives from the respective legal journals must authenticate the copy that contains the notice. File documents with the Court’s Clerk Office (Greffe du Tribunal) with the Registre du Commerce et du Crédit Mobilier (RCCM) Costs to file the documents are as follows: - Declaration de constitution de société (M0 and M0bis) (five printed forms): No charge. - Commercial registration at the RCCM : FCFA 50,000. - Deposit of articles of incorporation and DNSV: FCFA 5,000. Notes: (1) For the deposit of any other document at the Commercial Registry (e.g., a resolution), a fixed fee of FCFA 5,000 applies. (2) The declaration forms can be picked up in the Chamber of Commerce and Industry to save time waiting for the Court’s Clerk to complete them.7 The following documents must be attached to the application: 3 days XOF 55000 - The form ―Declaration de constitution de société‖ (M0 and M0bis) (four printed copies). Forms are free and available at the Registre du Commerce et du Crédit Mobilier (RCCM) or the Chamber of Commerce and Industry. - The DNSV (two originals or certified copies). - The statutes (two originals or certified copies). - The subscription list (two originals or certified copies). - The resolution designating the managers (two originals or certified copies). - The criminal records of the managers (two originals extracts). Note: The criminal records must be delivered by the Ivorian authorities. If the managers are not of Ivorian nationality, an original extract of their criminal record (or an equivalent document) must be delivered by their native country’s authorities. File a declaration of commencement of business (Déclaration Fiscale d’Existence) with the Tax Department, Ministry of Economy and Finance8 10 days XOF 5000 According to the 2005 fiscal law (dated April 25, 2005), any company that intends to create a business must declare its activity and register for taxes before beginning its activity. That formality triggers the
  23. 23. Doing Business 2012 Côte dIvoire 23 Time to No. Procedure Cost to complete complete payment in advance of the business license tax. The declaration covers all taxes. Upon filing the declaration dexistence fiscale and paying the business license tax (patente), the company receives a taxpayer account (numéro de compte contribuable). The local tax office calculates the amount of the business license tax on the basis of (a) the estimated annual turnover for the first year of operation; and (b) the cost of the business premises’ rent (or an estimation of the value of the premises if owned by the company). Register the employees with the National Social Security Fund (CNPS) A newly formed company must apply for its social registration near the Caisse Nationale de Prévoyance Sociale (CNPS), by presenting the following documents: - A registration form (available at the CNPS). - The company’s commercial registration (one copy). - The company’s tax registration (one copy). - A receipt of utility (electricity or water) payment (one copy). - The national identity card of the company’s managing director (one copy). 9 1 day no charge The registration number (numéro matricule) is now sent electronically to the entrepreneur. In addition, employees must be registered near the CNPS. To that end, the following must be filed with the CNPS: - Completed registration form (available near the CNPS). - National identity card or birth certificate of the employee (one copy). - Identity photos of the employee (two). - Marriage certificate of the employee, if any (one copy). - Birth certificate of children, if any (one copy). - Social security number of the employee, if any (for employees with work history). Obtain a company seal 10 1 day XOF 10000* Takes place simultaneously with another procedure.Source: Doing Business database.
  24. 24. Doing Business 2012 Côte dIvoire 24DEALING WITH CONSTRUCTION PERMITSRegulation of construction is critical to protect the WHAT THE DEALING WITH CONSTRUCTIONpublic. But it needs to be efficient, to avoid PERMITS INDICATORS MEASUREexcessive constraints on a sector that plays animportant part in every economy. Where complyingwith building regulations is excessively costly in Procedures to legally build a warehousetime and money, many builders opt out. They may (number)pay bribes to pass inspections or simply build Submitting all relevant documents andillegally, leading to hazardous construction that obtaining all necessary clearances, licenses,puts public safety at risk. Where compliance is permits and certificatessimple, straightforward and inexpensive, everyone Completing all required notifications andis better off. receiving all necessary inspectionsWhat do the indicators cover? Obtaining utility connections for water,Doing Business records the procedures, time and sewerage and a fixed telephone linecost for a business to obtain all the necessary Registering the warehouse after itsapprovals to build a simple commercial warehouse completion (if required for use as collateral orin the economy’s largest business city, connect it to for transfer of the warehouse)basic utilities and register the property so that it Time required to complete each procedurecan be used as collateral or transferred to another (calendar days)entity. Does not include time spent gatheringThe ranking on the ease of dealing with informationconstruction permits is the simple average of the Each procedure starts on a separate daypercentile rankings on its component indicators:procedures, time and cost. Procedure completed once final document is receivedTo make the data comparable across economies,Doing Business uses several assumptions about the No prior contact with officialsbusiness and the warehouse, including the utility Cost required to complete each procedure (%connections. of income per capita)The business: Official costs only, no bribes  Is a limited liability company operating in  Will be connected to water, sewerage the construction business and located in (sewage system, septic tank or their the largest business city. equivalent) and a fixed telephone line. The  Is domestically owned and operated. connection to each utility network will be 10 meters (32 feet, 10 inches) long.  Has 60 builders and other employees.  Will be used for general storage, such as ofThe warehouse: books or stationery (not for goods requiring  Is a new construction (there was no special conditions). previous construction on the land).  Will take 30 weeks to construct (excluding all  Has complete architectural and technical delays due to administrative and regulatory plans prepared by a licensed architect. requirements).
  25. 25. Doing Business 2012 Côte dIvoire 25DEALING WITH CONSTRUCTION PERMITSWhere does the economy stand today?What does it take to comply with the formalities to permits there requires 18 procedures, takes 583 daysbuild a warehouse in Côte dIvoire? According to data and costs 204.8% of income per capita (figure 3.1).collected by Doing Business, dealing with constructionFigure 3.1 What it takes to comply with formalities to build a warehouse in Côte dIvoireNote: For details on the procedures reflected here, see the summary at the end of this chapter.Source: Doing Business database.
  26. 26. Doing Business 2012 Côte dIvoire 26DEALING WITH CONSTRUCTION PERMITSGlobally, Côte dIvoire stands at 169 in the ranking of ranking provide other useful information for assessing183 economies on the ease of dealing with how easy it is for an entrepreneur in Côte dIvoire toconstruction permits (figure 3.2). The rankings for legally build a warehouse.comparator economies and the regional averageFigure 3.2 How Côte dIvoire and comparator economies rank on the ease of dealing with constructionpermitsSource: Doing Business database.
  27. 27. Doing Business 2012 Côte dIvoire 27DEALING WITH CONSTRUCTION PERMITSWhat are the changes over time?While the most recent Doing Business data reflect how aspects of the process have changed—and which haveeasy (or difficult) it is to deal with construction permits not (table 3.1). That can help identify where thein Côte dIvoire today, data over time show which potential for improvement is greatest.Table 3.1 The ease of dealing with construction permits in Côte dIvoire over timeBy Doing Business report year Indicator DB2006 DB2007 DB2008 DB2009 DB2010 DB2011 DB2012Rank .. .. .. .. .. 168 169Procedures (number) 18 18 18 18 19 18 18Time (days) 619 619 619 619 620 583 583 Cost (% of income per 231.2 232.9 225.8 221.7 210.4 207.3 204.8capita)Note: n.a. = not applicable (the economy was not included in Doing Business for that year). DB2012 rankings reflect changes tothe methodology. For more information on “no practice” marks, see the data notes for details.Source: Doing Business database.
  28. 28. Doing Business 2012 Côte dIvoire 28DEALING WITH CONSTRUCTION PERMITSEqually helpful may be the benchmarks provided by dIvoire on ways to improve the ease of dealing withthe economies that today have the best performance construction permits. And changes in regionalregionally or globally on the procedures, time or cost averages can show where Côte dIvoire is keeping up—required to deal with construction permits (figure 3.3). and where it is falling behind.These economies may provide a model for CôteFigure 3.3 Has dealing with construction permits become easier over time?Procedures (number)Time (days)
  29. 29. Doing Business 2012 Côte dIvoire 29DEALING WITH CONSTRUCTION PERMITSCost (% of income per capita)Note: The economy with the best performance regionally on each indicator, and the economy with the best performanceglobally, are included as benchmarks. In some cases 2 or more economies share the top regional or global ranking on anindicator. In cases where no data are displayed above for the economy, this indicates that the economy has received a“no practice” mark; see the data notes for details.Source: Doing Business database.
  30. 30. Doing Business 2012 Côte dIvoire 30DEALING WITH CONSTRUCTION PERMITSSmart regulation ensures that standards are met while building safety while keeping compliance costsmaking compliance easy and accessible to all. reasonable, governments around the world haveCoherent and transparent rules, efficient processes and worked on consolidating permitting requirements.adequate allocation of resources are especially What construction permitting reforms has Doingimportant in sectors where safety is at stake. Business recorded in Côte dIvoire (table 3.2)?Construction is one of them. In an effort to ensureTable 3.2 How has Côte dIvoire made dealing with construction permits easier—or not?By Doing Business report year DB Year Reform DB2012 No reform. DB2011 Côte d’Ivoire eased construction permitting by eliminating the need to obtain a preliminary approval. DB2010 No reform. DB2009 No reform.Note: For information on reforms in earlier years (back to DB2006), see the Doing Business reportsfor these years, available at http://www.doingbusiness.org.Source: Doing Business database.
  31. 31. Doing Business 2012 Côte dIvoire 31DEALING WITH CONSTRUCTION PERMITSWhat are the details? The indicators reported here for Côte dIvoire are BUILDING A WAREHOUSEbased on a set of specific procedures—the stepsthat a company must complete to legally build awarehouse—identified by Doing Business through City : Abidjaninformation collected from experts in constructionlicensing, including architects, construction Estimatedlawyers, construction firms, utility service providers XOF 455,210,000 Warehouse Value :and public officials who deal with buildingregulations. These procedures are those that apply The procedures, along with the associated time andto a company and structure matching the standard cost, are summarized below.assumptions used by Doing Business in collectingthe data (see the section in this chapter on whatthe indicators cover).Summary of procedures for dealing with construction permits in Côte dIvoire —and the timeand cost Time to No. Procedure Cost to complete complete Obtain recent proof of land title 1 30 days XOF 5,000 Only about 30% of landowners have a property title. Obtain topographical surveys by an authorized land surveyor (6 copies) 2 75 days XOF 710,000 In an urban zone, the cost for the technical dossier that is the basis for six excerpts is fixed at XOF 710,000 by the Order of Land Surveyors. The land surface is taken into account in rural areas. Obtain approval of survey excerpts by water authorities (Société de Distribution D’Eau de Côte D’Ivoire) 3 BuildCo must submit to the electricity company six copies of the 10 days no charge topographical surveys and the property titles. The electricity company must be informed about the type of electricity needed (low or medium tension). Obtain approval of survey excerpts by electricity company (Compagnie Ivoirienne D’Electricité de Côte D’Ivoire) 4 10 days no charge BuildCo must submit to the water company six copies of the topographical surveys and property titles. Obtain approval of survey excerpts by land authorities (Domaine Urbain or Conservation Foncière) 70 days XOF 5,000 5 Obtain certificate of town-planning 6 30 days XOF 5,000 7 Obtain approval of plans by decontamination department 30 days XOF 5,000
  32. 32. Doing Business 2012 Côte dIvoire 32 Time toNo. Procedure Cost to complete complete (direction d’assainissement) Submit building plans for approval by the President of the Order of Architects. 1 day no charge8 Obtain Building Permit The dossier required to obtain a building permit comprises the following documents: - Block plan (scale,1/500, 1/200, 1/100). - Execution plan (scale 1/50). - Summary of technical specifications. - Summary of cost estimates. - Proof of property ownership - Written approval from the Minister of Urban Planning. Six copies of the dossier must be sent to the Building Permit Commission. The commission is comprised of the Construction Minister, a representative of the 200 days XOF 70,0009 municipality, a representative of the Civil Protection Department, a representative from the Hygiene Department, and a representative from the Order of Architects. The building permit is obtained in an average of 4 to 6 months if one does not pay bribes. Two weeks after submission, the dossier is sent to the municipality, where the permit fee is paid. An independent external architect will be contracted to review the application if project cost is higher than XOF 30 million or for the construction of cinemas, factories, schools, pharmacies, or any building open to the public. Obtain plan approval by central municipality Although a municipal representative is part of the building permit10 commission, BuildCo must also obtain the approval of the central 20 days XOF 50,000 municipality, which delivers the building authorization number. The municipality’s participation in the commission is limited to technical advice. Obtain approval of plans by fire department11 14 days no charge Receive inspection from the national security commission to verify that the building is conform to security standards 1 day no charge12 The inspections are unannounced. Obtain certificate of conformity13 75 days no charge Request water connection14 1 day no charge Receive site inspection by water company15 1 day no charge The inspection takes place within a week of applying for electricity. The cost estimate is given days after the inspection. Obtain water connection 14 days XOF 130,00016
  33. 33. Doing Business 2012 Côte dIvoire 33 Time to No. Procedure Cost to complete complete It takes 7 days to obtain the connection once the payment is made. The total time, from the application to the final connection, may take up to a month if no preliminary installation was made. The water service agency is generally efficient, and the connection can be obtained quickly. * Request phone line 17 A site plan is attached to the application. Inspections only take place for 7 days XOF 22,000 complicated cases. One may pay for the phone connection at the time of the application. Request and receive inspection from "SECUREL", Laboratory of Buildings and Public Works 18 1 day XOF 20,000 If one pays for the inspector’s transportation, the inspection can occur the same day. Otherwise, it will take place in 2 days.* Takes place simultaneously with another procedure.Source: Doing Business database.
  34. 34. Doing Business 2012 Côte dIvoire 34GETTING ELECTRICITYAccess to reliable and affordable electricity is vital WHAT THE GETTING ELECTRICITYfor businesses. To counter weak electricity supply,many firms in developing economies have to rely INDICATORS MEASUREon self-supply, often at a prohibitively high cost.Whether electricity is reliably available or not, the Procedures to obtain an electricityfirst step for a customer is always to gain access by connection (number)obtaining a connection. Submitting all relevant documents andWhat do the indicators cover? obtaining all necessary clearances and permitsDoing Business records all procedures required for Completing all required notifications anda local business to obtain a permanent electricity receiving all necessary inspectionsconnection and supply for a standardizedwarehouse, as well as the time and cost to Obtaining external installation works andcomplete them. These procedures include possibly purchasing material for these worksapplications and contracts with electricity utilities, Concluding any necessary supply contract andclearances from other agencies and the external obtaining final supplyand final connection works. The ranking on theease of getting electricity is the simple average of Time required to complete each procedurethe percentile rankings on its component (calendar days)indicators: procedures, time and cost. To make the Is at least 1 calendar daydata comparable across economies, severalassumptions are used. Each procedure starts on a separate dayThe warehouse: Does not include time spent gathering information  Is located in the economy’s largest business city, in an area where other Reflects the time spent in practice, with little warehouses are located. follow-up and no prior contact with officials  Is not in a special economic zone where Cost required to complete each procedure the connection would be eligible for (% of income per capita) subsidization or faster service. Official costs only, no bribes  Has road access. The connection works Excludes value added tax involve the crossing of a road or roads but are carried out on public land.  Is 150 meters long.  Is a new construction being connected to  Is to either the low-voltage or the medium- electricity for the first time. voltage distribution network and either overhead  Has 2 stories, both above ground, with a or underground, whichever is more common in total surface of about 1,300.6 square the economy and in the area where the meters (14,000 square feet), and is built on warehouse is located. The length of any a plot of 929 square meters (10,000 square connection in the customer’s private domain is feet). negligible.The electricity connection:  Involves installing one electricity meter. The monthly electricity consumption will be 0.07 Is a 3-phase, 4-wire Y, 140-kilovolt-ampere gigawatt-hour (GWh). The internal electrical (kVA) (subscribed capacity) connection. wiring has been completed.
  35. 35. Doing Business 2012 Côte dIvoire 35GETTING ELECTRICITYWhere does the economy stand today?What does it take to obtain a new electricity requires 5 procedures, takes 33 days and costsconnection in Côte dIvoire? According to data 4002.3% of income per capita (figure 4.1).collected by Doing Business, getting electricity thereFigure 4.1 What it takes to obtain an electricity connection in Côte dIvoireNote: For details on the procedures reflected here, see the summary at the end of this chapter.Source: Doing Business database.
  36. 36. Doing Business 2012 Côte dIvoire 36GETTING ELECTRICITYGlobally, Côte dIvoire stands at 73 in the ranking of perspective in assessing how easy it is for an183 economies on the ease of getting electricity entrepreneur in Côte dIvoire to connect a warehouse(figure 4.2). The rankings for comparator economies to electricity.and the regional average ranking provide anotherFigure 4.2 How Côte dIvoire and comparator economies rank on the ease of getting electricitySource: Doing Business database.
  37. 37. Doing Business 2012 Côte dIvoire 37GETTING ELECTRICITYEven more helpful than rankings for other economies economies, the practices of their utilities may provide amay be the indicators underlying those rankings (table model for Côte dIvoire on ways to improve the ease of4.1). If obtaining a new electricity connection requires getting electricity. Regional and global averages onfewer procedures, less time or less cost in other these indicators may provide useful benchmarks.Table 4.1 The ease of getting electricity in Côte dIvoire and comparator economies Global average Africa average Côte dIvoire Burkina Faso Sub-Saharan Senegal Nigeria Benin Togo Mali IndicatorRank 73 140 139 113 176 168 92 122 ..Procedures (number) 5 4 4 4 8 6 4 5 5Time (days) 33 158 158 120 260 125 74 137 111 Cost (% of income percapita) 4002.3 15205.3 13356.8 4397.7 1056.0 5938.9 6023.2 5,429.8 1,942.3Source: Doing Business database.
  38. 38. Doing Business 2012 Côte dIvoire 38GETTING ELECTRICITYWhat are the details?The indicators reported here for Côte dIvoire are OBTAINING AN ELECTRICITY CONNECTIONbased on a set of specific procedures—the steps thatan entrepreneur must complete to get a warehouseconnected to electricity by the local distribution City: Abidjanutility—identified by Doing Business. Data are collectedfrom the distribution utility, then completed and Name of Utility: Compagnie Ivoirienneverified by electricity regulatory agencies and dElectricité (CIE)independent professionals such as electrical engineers, The procedures are those that apply to a warehouseelectrical contractors and construction companies. The and electricity connection matching the standardelectricity distribution utility surveyed is the one assumptions used by Doing Business in collecting theserving the area (or areas) in which warehouses are data (see the section in this chapter on what thelocated. If there is a choice of distribution utilities, the indicators cover). The procedures, along with theone serving the largest number of customers is associated time and cost, are summarized below.selected.Summary of procedures for getting electricity in Côte dIvoire—and the time and cost Time to No. Procedure Cost to complete complete Submit application for a new connection with the local Compagnie Ivoirienne dElectricité (CIE) customer office and await estimate 1 The application has to be submitted in person. The following documents 14 calendar days no charge have to be attached: the certificate confirming the security of the internal wiring, a topographique excerpt or the building permit to justify the quality of the land owner. * Obtain conformity control of the internal wiring at government agency SECUREL 2 Before applying for a new connection, the customer has to ask for an 11 calendar days XOF 200,000.0 internal inspection at LBTP/Securel to obtain a certificate of conformity. SECUREL is a government agency that was created to check the internal wiring in buildings of new customers. * Compagnie Ivoirienne dElectricité (CIE) carries out external inspection of the site 3 CIE is coming to the site to do an external inspection to determine the 3 calendar days no charge cost of the connection and to do a technical study that details what works have to be done. Someone from the customer’s party has to be present. Hire electrical contractor, bring material for testing, await completion of external connection works, receive inspections 4 For a requested load of 140kVA, in general an additional transformer 19 calendar days XOF 19,768,097.8 needs to be installed. The customer would hire an electrical contractor to buy the material and to install the transformer. The contractor of the client brings the material to CIE for an inspection/testing. Transformers
  39. 39. Doing Business 2012 Côte dIvoire 39 Time to No. Procedure Cost to complete complete of 160kVA are usually available at the utility. There would be no waiting time to buy a transformer. The customer would have to pay the full cost for the transformer and the installation. The electrical contractor would also do the final connection. The utility is supervising the work of the electrical contractor. Basically, the utility would pass by every day to check and supervise the works executed by the contractor. * CIE installs the meter and conclude supply contract with Compagnie Ivoirienne dElectricité (CIE) 5 The customer would conclude a supply contract with CIE. To conclude a 14 calendar days no charge supply contract, the customer would have to submit the certificate of conformity of the internal wiring and the number of the new connection or the estimate of the new connection. CIE installs the meter.* Takes place simultaneously with another procedure.Source: Doing Business database.
  40. 40. Doing Business 2012 Côte dIvoire 40REGISTERING PROPERTYEnsuring formal property rights is fundamental. WHAT THE REGISTERING PROPERTYEffective administration of land is part of that. If INDICATORS MEASUREformal property transfer is too costly orcomplicated, formal titles might go informalagain. And where property is informal or poorly Procedures to legally transfer title onadministered, it has little chance of being immovable property (number)accepted as collateral for loans—limiting access to Preregistration (for example, checking for liens,finance. notarizing sales agreement, paying property transfer taxes)What do the indicators cover? Registration in the economy’s largest businessDoing Business records the full sequence of cityprocedures necessary for a business to purchaseproperty from another business and transfer the Postregistration (for example, filing title with the municipality)property title to the buyer’s name. The transactionis considered complete when it is opposable to Time required to complete each procedurethird parties and when the buyer can use the (calendar days)property, use it as collateral for a bank loan or Does not include time spent gatheringresell it. The ranking on the ease of registering informationproperty is the simple average of the percentilerankings on its component indicators: procedures, Each procedure starts on a separate daytime and cost. Procedure completed once final document is receivedTo make the data comparable across economies,several assumptions about the parties to the No prior contact with officialstransaction, the property and the procedures are Cost required to complete each procedureused. (% of property value)The parties (buyer and seller): Official costs only, no bribes  Are limited liability companies, 100% No value added or capital gains taxes included domestically and privately owned.  Are located in the periurban area of the economy’s largest business city.  Has no mortgages attached and has been under the same ownership for the past 10  Have 50 employees each, all of whom are years. nationals.  Consists of 557.4 square meters (6,000 square  Perform general commercial activities. feet) of land and a 10-year-old, 2-storyThe property (fully owned by the seller): warehouse of 929 square meters (10,000  Has a value of 50 times income per capita. square feet). The warehouse is in good The sale price equals the value. condition and complies with all safety standards, building codes and legal  Is registered in the land registry or requirements. The property will be transferred cadastre, or both, and is free of title in its entirety. disputes.  Is located in a periurban commercial zone, and no rezoning is required.
  41. 41. Doing Business 2012 Côte dIvoire 41REGISTERING PROPERTYWhere does the economy stand today?What does it take to complete a property transfer in procedures, takes 62 days and costs 13.9% of theCôte dIvoire? According to data collected by Doing property value (figure 5.1).Business, registering property there requires 6Figure 5.1 What it takes to register property in Côte dIvoireNote: For details on the procedures reflected here, see the summary at the end of this chapter.Source: Doing Business database.
  42. 42. Doing Business 2012 Côte dIvoire 42REGISTERING PROPERTYGlobally, Côte dIvoire stands at 158 in the ranking of and the regional average ranking provide other useful183 economies on the ease of registering property information for assessing how easy it is for an(figure 5.2). The rankings for comparator economies entrepreneur in Côte dIvoire to transfer property.Figure 5.2 How Côte dIvoire and comparator economies rank on the ease of registering propertySource: Doing Business database.
  43. 43. Doing Business 2012 Côte dIvoire 43REGISTERING PROPERTYWhat are the changes over time?While the most recent Doing Business data reflect how the process have changed—and which have not (tableeasy (or difficult) it is to register property in Côte 5.1). That can help identify where the potential fordIvoire today, data over time show which aspects of improvement is greatest.Table 5.1 The ease of registering property in Côte dIvoire over timeBy Doing Business report year Indicator DB2005 DB2006 DB2007 DB2008 DB2009 DB2010 DB2011 DB2012Rank .. .. .. .. .. .. 154 158Procedures (number) 7 7 6 6 6 6 6 6Time (days) 397 397 62 62 62 62 62 62 Cost (% of propertyvalue) 13.9 14.0 14.0 13.9 13.9 13.9 13.9 13.9Note: n.a. = not applicable (the economy was not included in Doing Business for that year). DB2012 rankings reflect changesto the methodology. For more information on “no practice” marks, see the data notes for details.Source: Doing Business database.
  44. 44. Doing Business 2012 Côte dIvoire 44REGISTERING PROPERTYEqually helpful may be the benchmarks provided by dIvoire on ways to improve the ease of registeringthe economies that today have the best performance property. And changes in regional averages can showregionally or globally on the procedures, time or cost where Côte dIvoire is keeping up—and where it isrequired to complete a property transfer (figure 5.3). falling behind.These economies may provide a model for CôteFigure 5.3 Has registering property become easier over time?Procedures (number)Time (days)
  45. 45. Doing Business 2012 Côte dIvoire 45REGISTERING PROPERTYCost (% of property value)Note: The economy with the best performance regionally on each indicator, and the economy with the best performanceglobally, are included as benchmarks. In some cases 2 or more economies share the top regional or global ranking on anindicator. In cases where no data are displayed above for the economy, this indicates that the economy has received a“no practice” mark; see the data notes for details.Source: Doing Business database.
  46. 46. Doing Business 2012 Côte dIvoire 46REGISTERING PROPERTYEconomies worldwide have been making it easier for have cut the time required substantially—enablingentrepreneurs to register and transfer property—such buyers to use or mortgage their property earlier. Whatas by computerizing land registries, introducing time property registration reforms has Doing Businesslimits for procedures and setting low fixed fees. Many recorded in Côte dIvoire (table 5.2)?Table 5.2 How has Côte dIvoire made registering property easier—or not?By Doing Business report year DB Year Reform DB2012 No reform. DB2011 No reform. DB2010 No reform. DB2009 No reform.Note: For information on reforms in earlier years (back to DB2005), see the Doing Business reportsfor these years, available at http://www.doingbusiness.org.Source: Doing Business database.
  47. 47. Doing Business 2012 Côte dIvoire 47REGISTERING PROPERTYWhat are the details?The indicators reported here are based on a set of STANDARD PROPERTY TRANSFERspecific procedures—the steps that a buyer andseller must complete to transfer the property to thebuyer’s name—identified by Doing Business City: Abidjanthrough information collected from local property Property Value: 24,945,632.3lawyers, notaries and property registries. Theseprocedures are those that apply to a transaction The procedures, along with the associated time andmatching the standard assumptions used by Doing cost, are summarized below.Business in collecting the data (see the section inthis chapter on what the indicators cover).Summary of procedures for registering property in Côte dIvoire—and the time and cost Time to No. Procedure Cost to complete complete * The notary solicits the real estate rights record before the Services de la Conservation Foncière 10 days 3,000 FCFA + 1.7 to The notary will usually perform the entire process on behalf of the (simultaneous with 2.7% property value 1 parties and charge them between 16% and 17% property value including procedures 2 and 3) (notary fees) his fees as well as all necessary taxes and fees during the process. The taxes and fees alone would cost approximately 14.3% property value, hence the 1.7 - 2.7% fees calculation. * The notary obtains a tax clearance 2-4 days The notary should obtain a tax clearance on the property stating that all (simultaneous with 5,000 FCFA 2 property taxes related to it have been paid. He can execute the contract procedures 1 and 3) on behalf of the parties without the clearance, but must obtain it within one month. * Obtain a Location Certificate According to the Law, article 36 of the Loi de Finances of 2002-156 du 15 3 days 3 mars 2002, it is required to obtain a Location Certificate. This certificate (simultaneous with 100,000 FCFA will is done by a registered Surveyor (Geometre) and the certificate will procedures 1 and 2) describe the buildings, information about the property title and the boundaries of the property. Prepare sale deed no cost (honoraria of 4 10 days (variable) the notary) The notary prepares the sale deed that both parties will sign. Deposit the sale agreement for registration at the local tax 10% property value authorities (proportional 10 days registration fees) + 5 The notary files the sale agreement with the Tax authorities to be 3% for Capital Gains registered. The registration fee representing 10% of the property value Tax (not included in is paid at that time. calculation and paid

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