This is a continuation to my previous post that explained the different types of sole proprietor businesses in Cameroon. I am going to talk about what you need to register a limited company in Cameroon and the various types.
Before you engage in incorporating a company In Cameroon, you need to know that there are two types of this company structure available in Cameroon:
To register a limited company in Cameroon, you need to have a business address. Your home or office address can be used. It is possible to use a virtual office provider whereby they will give you a formal business address for a fee. Every mail sent to the postal address will be forwarded to you .
A limited company just like a sole proprietor business with more than 10 million turnover is registered in the Trade and Personal Property Credit Register, TPPCR. Limited companies in Cameroon have to apply for registration in the TPPCR within a month after its formation.
For their application to be accepted, they need to come up with an articles of association where they need to mention the following:
– business name
– acronym, sign or commercial name where applicable
– main activity or activities carried out
– the form of company
– the amount of authorized registered capital
– address of registered office
– duration of the company
– full name, date, place of birth and domicile of business partners, administrators or managers of the company
The articles of association has to be certified by a notary public and necessary number of copies deposited at the TPPCR alongside the following supporting documents:
Get in touch with us for a professionally written Articles of Association for your company. You can send us a mail or Call / WhatsApp / Telegram on +237 699 421 947.
Once the application is complete, the authorized court Registry will assign a registration number to the company. It should be noted that the same documents are required to register both a public limited company and a private limited company.
– Simplified has an annual turnover of above 10 million francs cfa to below 50 million francs cfa while the
– actual earnings has an annual turnover of 50 million francs cfa and above
It should be noted that all businesses registered at the TPPCR fall under these systems. However, there are some businesses with less than 10 million annual turnover that are automatically assessed under the simplified or actual rate tax system.
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This content has been prepared for information purposes only. It is not intended to provide, and should not be relied on for, tax, accounting or legal advice. You need to consult your own tax, accounting or legal advisors before engaging in any transaction.