Setting up and managing payroll in Ivory Coast
If you and your organization are interested in expanding into Ivory Coast, one of the initial steps will probably be establishing an official entity in the country, setting up payroll, and hiring employees. Unfortunately, this can regularly take longer than expected, with complex administrative procedures and unique business laws that can stall progress.
A popular solution to this difficulty is to outsource the Ivory Coast payroll outsourcing setup and management to a global PEO. At Horizons, our team specializes in helping organizations expand into Ivory Coast as smoothly as possible. We’ll handle your payroll setup and management, whether or not you already have an established presence in the country.
Why choose the Horizons payroll solution?
If you have an entity
If your organization already has an entity registered in Ivory Coast, then we can help you by setting up and managing your in-country payroll. We’ll ensure everything is in full compliance with Ivorian legislation and ready to go as quickly as possible, so you don’t have to worry about the complex details and can focus on your expansion.
If you don’t have an entity
If your organization has yet to register an entity in Ivory Coast, then we can provide a comprehensive service to get you up and running in the country. We’ll use our subsidiary in Ivory Coast to act as employer of record for your hires so you don’t have to go through the complex process of establishing an entity.
Additionally, we will set up and manage your Ivory Coast payroll outsourcing, handle HR, compliance, and any other associated work to make your expansion simpler and low risk.
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Ivory Coast payroll guide
What are payroll tax and withholdings rules in Ivory Coast?
Income tax for employees in Ivory Coast is split into two main categories. Firstly, there is a National Contribution tax on 80% of gross income that is progressively rated between 0% and 10% depending on income level. Secondly, there is a Salary Tax of 1.5% of 80% of gross income. This should be withheld by the employer.
Entitlements and terminations in Ivory Coast
In Ivory Coast, mandatory notice periods for termination of employment contracts vary depending on the seniority of an employee and the type of work they are engaged in.
In general, employees are entitled to severance payments upon termination. Common rates range from 30% to 40% of normal monthly salary, depending on the employee’s length of service.
How to establish payroll in Ivory Coast
One option for your payroll in Ivory Coast payroll is to establish it internally. This can be a viable choice for larger organizations looking to build a long-term presence in the country, but it can also be very expensive and can cause delays.
Horizons can help you to avoid this lengthy and complicated process, providing comprehensive Ivory Coast payroll outsourcing setup and management. Beyond this, our experts will handle your in-country HR, compliance, and tax, and we can even act as your employer of record if you don’t have an entity in the country. Outsourcing to Horizons can save you time, effort, and money, setting you up for a successful expansion into Ivory Coast.
Manage payroll in Ivory Coast
Whether it’s EOR service or just payroll management, Horizons’ employment experts can help you get started in 24h.