Cameroon, officially named as the Republic of Cameroon. It is a country in the west Central Africa region. It is bordered by Cameroon to the west; Chad to the northeast; the Central African Republic to the east; and Equatorial Guinea, Gabon, and the Republic of the Congo to the south. Cameroon is the country that is offering exceptional investment opportunities to foreign investors looking to grab a share in the rich market of Central Africa. Its favorable business atmosphere, its educated bilingual manpower, its strategic position, its economic and political stability has created Cameroon the most prominent choice for foreign investors. The Cameroon Investment Promotion Agency (CIPA) fall under the technical supervisory authority of the Ministry in charge of the Promotion of Private Investments and the financial supervisory authority of the Ministry of Finance. Scroll down to read more on the procedures for a company formation in Cameroon.
The following tax and business licenses registrations are essential and obligatory for all the companies in Cameroon.
|Type||Limited Liability Company|
|Under Cameroon law, foreigners can own||100%|
|Share Capital||XAF 1,000,000|
|Manager||Minimum of one|
|Shareholders||Minimum of One|
|Memorandum and Articles of Association||Yes|
|Can the entity hire expatriate staff in Cameroon||Yes, but requires the contract to carry a
visa from the minister of employment
|Tax Registration Certificate Required||Yes|
|Statutory audit required||Yes|
|How long to open Corporate Bank Account||1 -2 Weeks|
|Timeframe for Incorporation:||5 -8 Weeks|
|Access to Cameroon double tax treaties||Yes|