Setting up a business in Cameroon

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Do you wish to set up a business in Cameroon? Find out, in this article,
how to proceed to create your company in the country.

Cameroon is an interesting country to invest in thanks to its numerous natural
resources. Moreover, the government of Cameroon greatly encourages
foreign investment in many sectors such as transports, agribusiness, tourism
and rural development so as to boost its economy. In fact, many programs
have been set up so as to facilitate the creation of small, medium and large
enterprises in the country, as well as to prevent corruption.

Pros and cons
Cameroon has free zones which can be exported by export business
companies. These companies are eligible to many benefits such as exemption
from permit requirements, the ability to open foreign currency bank accounts,
the right to transfer up to 75% of profits abroad, tax exemptions for 10 years
as from the beginning of the company's activities, an overall 15% tax rate on
profits as from the 11th year. Moreover, Cameroon is famous for its cheap
labor force as well as its numerous natural resources.

However, procedures regarding the setting up of a business in the country are
quite complex and costly.

Good to know:

Anyone is free to set up a business in Cameroon. Moreover, foreigners are
allowed to own 100% of a company's shares.

Procedures to create a SPC

proof of address. Note that these procedures are free of charge. You will also have to produce your Commercial registration certificate. your Trade Registration. your taxpayer's card. Documents to be produced are the following:  the company's name and initials  the company's legal status . a copy of your marriage certificate (for women). Procedures regarding the setting up of the company are almost similar to those of the sole proprietorship company. as well as lease documents if you are renting the office premises. you will need a minimum capital of CFA 1 million CFA or CFA 10 million respectively.A Sole Proprietorship Company (SPC) in Cameroon is referred to as an establishment. Below are the steps to follow towards setting up a sole proprietorship company in the country: Registration in the commercial register: You are required to register your business in the Commercial Court Registry. a criminal record. However. Procedures to create an LLC or PLC To create a Limited Liability Company (LLC) or a Public Limited Company (PLC). Labor Inspectorate and other authorities: Once you have hired your first employee. Procedures should not be lengthy. You will have to produce a copy of your identity card or birth certificate.000 apply. CNPS. Fees amounting to some CFA 64. You also have to register your company with the nearest labor inspectorate office by producing a representation letter. a business location plan and fees applied (some CFA 1. your business location plan. Documents to be produced to the tax office are: a copy of your identity card. You can either do it yourself or hire a notary. you will have to report to the nearest CNPS office to obtain a registration application form.500). Tax registration: You can apply for your taxpayer card at the Cameroonian Tax Center. the commercial registration process differs. your lease documents and the stamped application form obtained at the Tribunal of Commerce Registry. your business permit. your company's temporary and permanent structure.

other documents may also be required.  details on the company's activities  the amount of the total capital invested (including the number of respective contributions)  the head office address (addresses of branches if applicable)  the company's activities' or your appointment's duration as agreed by the founder or by the company's status  business partners' identity documents and personal details. address and contact information  any other particular legal measure. the Labor Inspection office. Procedures should be completed within 75 days following presentation of a clean criminal record or any other comparable document. date and place of birth. To complete the trade registration. officers or partners having been declared as personally responsible or have authority to bind the company or corporation for an indefinite period  a sworn and signed statement certifying the company is not subject to any prohibition by law. the Trade Register. date and place of birth. You can seek all related information with competent authorities such as ministries.   Note that other permits may be required depending on the company's activities. nationality. namely:  a certified copy of the company's statutes or founding act  the company's regularity and conformity declaration or a notarial deed for subscription and bank transfer  the certified list of managers. Useful links: . etc. directors. date and place of marriage if applicable and any other information (particularly of those who are liable regarding the company's debts)  the company's executive members' and commissionaires identity.

ccima.net Cameroon SME Toolkit cameroun.Cameroon Chamber of Commerce.org Doing business www.org Recommend . Industry.doingbusiness.smetoolkit. Mines and Crafts www.