Cote d’Ivoire

Overview

The economy of Côte d'Ivoire or Ivory Coast primarily relies on agriculture and the related activities that employ nearly 68% of the population. The country is also the largest producer and exporter of cocoa beans in the world. It also produces and exports a significant quantity of coffee, palm oil, and cashew nuts. Over the years, the government has put in efforts to diversify the economy, and it reflects on the spike of oil and gas production along with substantial crude oil exports. The growth of Gross Domestic Product or GDP has been significant, which is driven by increased infrastructure investments on roads, bridges and building constructions all over the country.

Currency: Communauté financière d'Afrique (Financial Community of Africa or CFA) franc (XOF)

Principal Languages: French (official); five other languages -- Diula (Dioula), Baule (Baoulé), Dan, Anyin and Senari.

Government: Republic

Capital City: Yamoussoukro

Major Cities: Bouaké, Daloa, Gagnoa, Korhogo, Man, San Pedro

Employment Contracts

In Côte d'Ivoire, it is mandatory to have the fixed-term contracts in writing which may be renewed for up to 2 years. It is also a legal requirement to draft employment contracts in the local language. A contract must contain the terms related to employees’ compensation, benefits, and termination. Particularly, any compensation amount should be specified in West African CFA francs rather than a foreign currency.

Work/Time Regulations

The usual work schedule in Côte d'Ivoire comprises 5-day work weeks with 8 hours per day.

Overtime
As specified by the law, employers are required to pay overtime to employees for additional hours and also provide at least one 24-hour rest period every week. The law does not prohibit compulsory overtime.

Leave

Holidays
The following 15 public holidays are observed in Côte d’Ivoire (in 2018):

  • Jan.1: New Year's Day
  • July 4: Easter Monday
  • May 1: Labor Day
  • May 25: Ascension Day
  • June 5: Whit Monday
  • June 23: Day after Laylat al-Qadr
  • June 25: Korité
  • June 26: Korité Holiday
  • Aug.7: Independence Day
  • Aug.15: Assumption Day
  • Sep.1: Tabaski
  • Nov.1: All Saints' Day
  • Nov.15: National Peace Day
  • Dec.1: The Day after the Prophet's Birthday
  • Dec.25: Christmas Day

Annual Leave
After completing one year of employment, employees are usually entitled to 26 days of paid annual leave. This goes up to 27 days after completing 5 years of service.

Maternity Leave
Women employees are entitled to 14 weeks of paid maternity leave.

Sick Leave
Generally, employees are entitled to a minimum of 5 days’ paid sick leave in a year.

Paternity Leave
Fathers of a newborn child are given time off from work as paternity leave.

The working father of a child is entitled to 5 days’ leave without pay at the time of the childbirth, provided that the leave:

  1. May not be taken before the mother’s confinement for maternity leave, and
  2. Shall be taken within the first month post-childbirth, unless there are exceptional circumstances.

Special Leave
Paid special leave of up to 10 days is allowed to employees for family events.

Benefits

Pension and Social Security

Old-Age Benefits

Old-age Pension: The old-age pension is 1.33% of an insured's average income during the 10 best years multiplied by the total years of contributions.

The minimum pension is 50% of the legal monthly minimum wage, which is 36,607 CFA francs. The maximum pension benefit is 50% of the insured's average income during the 15 best years.

Early Pension: In case an employee retires before the normal retirement age, the pension is reduced by 5% for each year.

The minimum early pension is 50% of the legal monthly minimum wage, which is 36,607 CFA francs.

Child's Supplement (Old-age Pension): Children younger than 21 years are paid 10% of the insured's pension, which may go up to 30%.

Old-age Allowance: A lump sum amount is paid to employees based on their average income and the number of years of coverage.

Old-age Reimbursement: A lump sum is paid to employees, which is 3.2% of the covered income during the entire coverage period. 

Permanent Disability Benefits

Disability Pension: The pension is 1.33% of the insured's average income during the 15 best years multiplied by the total years of contributions before January 1, 2000, plus 1.70% of average income for each year of coverage after January 1, 2000.

Child's Supplement (Disability Pension): 10% of an insured's pension is paid for each child who is younger than 21 years. The payment may go up to 30%. The pension is paid monthly.

Survivor Benefits

Survivor Pension: A widow(er) is entitled to receive 50% of the old-age or disability pension that the deceased received. In case of more than one survivor, the pension is divided equally.

Early Pension: The pension is reduced by 5% for each year if an early pension is taken before age 55. The pension is paid monthly.

Full Orphan's Pension: Eligible orphans receive 20% of the old-age or disability pension as the deceased received or was entitled to receive. All full orphans' benefits combined must not be more than 100% of the deceased's pension. The pension is paid monthly.

Work Injury

Coverage

Work injury coverage is provided to employed persons, seamen, certain members of cooperatives, apprentices, and students in technical colleges.

Self-employed persons can take voluntary coverage for all permanent work injury benefits.

Source of Funds

Insured person: None

Employer: 2% to 5% of covered payroll, according to the assessed degree of risk.

An employee’s maximum monthly income used to calculate contributions is 70,000 CFA francs.

Employers with 20 or more employees pay monthly contributions, and employers with 1 to 19 employees make quarterly contributions.

 Workers' Compensation

Workers’ compensation has been designed to pay the expenses of employees who got injured or sick while performing job-related duties. Employees can recover lost wages, medical expenses, disability payments, and costs associated with rehabilitation and retraining. The system is administered by the state and financed by mandatory employer contributions.

How GPS can Help

With our Global PEO/Employer of Record services, companies can expand into Cote d’Ivoire and hire their employees without having to establish a branch office or subsidiary in Cote d’Ivoire.

  • Your candidate is hired via our Cote d’Ivoire PEO. If needed, we can also help you find the right talent in any country with our comprehensive global staffing services.
  • Your new employee begins work quickly as we take care of employment contracts, statutory and non-statutory benefits, and running their payroll - all in full compliance with Cote d’Ivoire laws.
  • Global PEO Services experts manage all day-to-day operational issues such as employee expenses, and severance/termination if required.
  • With no contractor risks, pass on the compliance burden to Global PEO Services.

Spin Off/M&A Support

  • Ensure continuity of payroll, benefits and HR support when acquiring or spinning off a business with employees overseas.

24/7 Support in 100+ Countries

  • Empower your teams with 24/7 support and a single point-of-contact model in which experienced client services directors are in continuous communication with information and advice.
  • We are backed by a mix of 300+ multidisciplinary experts from HR, Payroll, Finance, Tax, and Legal domains who are ready to respond to the expected and unexpected needs of your business on the shortest notice.

Easy Visibility into Your Employee Time & Attendance and Benefits Data
With our Global PEO, you get access to Mihi, our proprietary SaaS solution for time and attendance, vacation, leave management and benefits enrollment and management. Mihi enables clients to have easy access to employee data in real time. It is designed specifically for companies with a global workforce, especially when working in multiple countries with low headcount.

Ready for Growth When You Are
When ready, we can seamlessly transition you from the PEO/EOR model to your own legal entity and provide ongoing international HR, finance, legal, compliance and staffing support. Learn more about our end-to-end international expansion services.