Startup Act Senegal take over from Côte d’Ivoire

In French-speaking West Africa, the battle of the startups is played out between Dakar and Abidjan, just as it is between Ghana and Nigeria in English-speaking West Africa, with the Nigerian giant clearly in the lead. In this “elevator pitch” between Abidjan and Dakar, Senegal has just taken the upper hand over Côte d’Ivoire, by adopting the first, since December 27, 2019, its law on startups establishing an incentive environment specific to the creation and promotion of startups in the country.

With the Start Up Act, entrepreneurs in Senegal will pay no taxes for three years. Neither the Corporation Tax (IS), nor the Lump Sum Minimum Tax (MFI) of 500,000 FCFA (75k€), nor the contributions related to the Lump Sum Contribution to be paid by employers. And this, for three years, from the creation of the company. In Côte d’Ivoire, there is no “Startup Act” to date, nor any legal framework regarding the status of startups, even if it is said that the “Ivorian Startup Act” is imminent.

Siré Sy

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