TOP 5 Million $$ BUSINESS IDEAS TO START IN COTE D’IVOIRE (2021), Best Business Ideas In Africa

1. Dairy Products
Importing dairy products to Ivory Coast can be simple if you know the regulations and follow them well. Milk and dairy products will be controlled every time they get in the country by specialists in
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the matter. PSI is a special filter that checks imports when it comes to sensitive products such as milk or dairy products as well as other goods. Also, certain foods or juices might be subject to PSI regulations.
2. Textiles
If you are considering importing textiles, you should know that they are a matter of government authorization. For goods like that that are above the $956 value, you might need to fill in a declaration. DAI is a declaration of anticipated import and should be registered before the goods reach the country. In Ivory Coast, certain materials are considered traditional which implies other regulations.
3. Cars
When it comes to importing and shipping cars to Ivory Coast, there are many regulations and fees to know. This type of import is also one of the most expensive ones. You will have to invest in the vehicle itself and the importing process norms.
4. Agricultural Products
Ivory Coast has very developed agriculture which sustains most of the country’s commercial affairs. The Ivory Coast economy was even based on the agriculture system for many years and continues to be so. Almost 75 percent of the land in Ivory Coast is good for agriculture, and they export a lot of goods around the world. Ivory Coast has known for exporting goods like coffee, cocoa, cotton or rubber. But they also supply other countries with palm oil, cashew nuts, and bananas. But they also import significant goods such as rice, wheat, corn meat and dairy products.


5. Alcohol and Other Similar Products
When it comes to importing alcohol or tobacco products in Ivory Coast, the regulations are even stricter. These products are considered vices and they are taxed more than others. But importing vice products can provide you with great business opportunities in Cote d’Ivoire because they sell very well. Also, since they are not needed but want, you will pay extra cash for certain norms and processes. In the past three years, taxes paid for alcohol and tobacco products increased from 12 percent to 15 percent. On top of that, the permanent customs duty and taxes include a 45 percent tax on alcohol and a 30 percent tax on tobacco products. Sometimes, the tax on cigarettes can reach even 35 percent. These taxes also mean that you will be able to sell your products more expensive. But you will also invest more to be able to sell them on the African market.
Since there is a certain complication when it comes to importing such items, the competition is lower. It brings more opportunities for you if you decide to dive into this type of business. Importing vice products such as alcohol or tobacco can bring your company a lot of profit for the long-run.
However, when it comes to vice products, certain quantities can be imported easier. You can access the free import process if you ship maximum 200 cigarettes, 25 cigars, 100 cigarillos, 250 grams of tobacco or one bottle of wine and one bottle of spirits. Also, it is free to import 250 ml of perfume, 500 ml of toilet water and local currency can be imported into an unlimited account.