Almost every middle-class Cameroonian has at least bought an imported furniture once in their life. This may be a great opportunity for you if you invest in a wood-base business.
As a Cameroonian or someone who wants to do business in Cameroon, you’ll be interested in the “wood business series” I am running this week.
What About Starting a Successful Furniture Business?
The furniture business in Cameroon will continue to boom as the demand for home and office accommodation increases. It could be the business you have been looking forward to start given the opportunities that I will explain below.
Those who are into the manufacture of furniture in Cameroon will witness an increase in business this year as the government is discouraging the import of furniture.
This may be that opportunity for you to invest in a successful furniture or woodwork business.
Fiscal measures to support the furniture sector
The government, in the 2021 Finance Law, has put in place some fiscal measures to boost this sector.
- Imported capital goods (machinery, apparatus and equipment) used for forestry or in the transformation of wood have been exempted from taxes and customs duties.
- An excise duty of 25% has been imposed on wooden articles, furniture and toothpick.
- A reduced corporate tax rate of 28% for domestic companies
- Tax incentives for businesses that support youth employment
Information is power
…if only you make use of it.
I know you will be happy with the information I will be sharing in the days ahead. However, the information will be useful only if you will be able to make use of it. Information is useless if it is not applied.
Once you’re able to extract something from it and use, then you’re knowledgeable. It can start by you getting practical experience in any of the ideas I will be sharing. Maybe you’ll need to learn a new skill!
Is it too late for you to learn a skill? It’s never too late to learn a skill. When you combine knowledge, with practical experience, it becomes a skill.
Take this opportunity
Opportunities stare at you everywhere in Cameroon. Many believe that opportunity in Cameroon depends on luck and connection. No! Opportunity meets only those who are ready and those who go for it!
Opportunity meets you only when you are ready to take it. This is just one of the many opportunities that you can take advantage of in Cameroon. All you have to do is read every one of the emails I will be sending, get informed, and make a choice.
If you missed out the first email yesterday, you can still catch up.
You can check the first of these emails, “starting a toothpick manufacturing business in Cameroon”.
It could be the beginning of your successful business story.
You can subscribe below for the Wood Business Series
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Image by Monoar Rahman Rony from Pixabay