Ivory Coast (Côte d'Ivoire) has established laws and regulations governing foreign land and property ownership. The country has been relatively open to foreign investment and has made efforts to attract investors. Here are some key points to consider regarding foreign land and property ownership in Ivory Coast, along with potential capital control implications:

1. Land Tenure System:

   • Ivory Coast operates a system of land tenure that includes state land, public land, and private land. Most land is held under customary or private tenure.

2. Foreign Ownership of Land:

   • Foreign individuals and entities can own land and property in Ivory Coast, subject to certain restrictions and conditions.

3. Land Leases and Ownership:

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   • Foreign investors can acquire land in Ivory Coast through leasehold arrangements, and they may also be able to obtain freehold property in some cases. The duration of land leases can vary.

4. Property Purchase Process:

   • The acquisition of land and property often involves obtaining approval from the Ivorian Ministry of Construction, Housing, and Urbanism for transactions involving foreigners.

5. Capital Control Implications:

   • Ivory Coast has currency controls in place that can affect the repatriation of funds from property transactions. The Central Bank of West African States (BCEAO) regulates foreign exchange transactions in Ivory Coast.
   • Foreign investors may face restrictions on transferring sale proceeds and rental income out of the country. The ability to repatriate funds may depend on the nature of the investment, the type of transaction, and compliance with foreign exchange regulations.

6. Legal Advice and Due Diligence:

   • Legal advice and due diligence are essential when investing in Ivorian real estate to ensure compliance with local laws and regulations and to manage potential risks.

7. Investment Promotion:

   • Ivory Coast has actively promoted foreign investment, including in the real estate sector. Investors may find incentives and programs designed to attract foreign capital.

8. Land Rights and Tenure Security:

   • Land rights and tenure security are crucial factors to consider when investing in Ivory Coast, as land disputes and issues related to customary land tenure can arise.

It's important to keep in mind that laws and regulations can change, so it is advisable to consult with legal professionals, financial institutions, and relevant government authorities for the most up-to-date information when considering real estate investments in Ivory Coast. Additionally, stay informed about any changes in capital control policies and foreign exchange regulations, as these can significantly impact your ability to repatriate funds from property transactions.