Tips to set up a business in Cameroon

Before you set up a business in Cameroon, make sure you read these very important tips that I am going to share with you. This post is not only going to be of help to nationals but to foreign nationals as well.

Before you start, it is very necessary for you to know the business climate in the country. Cameroon is a very attractive place to start a business if you are a foreign national. Checkout a preview of the economy of Cameroon.

Do you want to set up a business in Cameroon?

First of all, most businesses in Cameroon register as sole proprietors or limited liability companies:

Sole-proprietorships

There are two types of sole-proprietorships in Cameroon. One with a yearly turnover of less than 10 million francs CFA and the other which operates with a business license with a turnover of 10 million and above.

Limited liability companies

There are two types – private and public limited liability companies. The government has made it easier for businesses to be registered in this form by reducing the initial capital to 100,000fcfa.

Need help to set up a business in Cameroon?

Worthy to note

As a foreigner, you can start a sole-proprietorship or own 100% shares of a limited liability company. You must not also be a permanent resident in Cameroon to get shares in a company. However, you need a passport.

Read documents need to to register a business in Cameroon?

In order to start your business in Cameroon, you have to check if your business:

• demands for a license or authorization to carry out activities
• has any restrictions
• needs a health certificate to function

Verify if your business needs a license in Cameroon

Tax incentives

You should find out if your business is eligible for tax reductions, rebates or incentives. It should be noted that three troubled regions – Far North, NW & SW Regions – have been declared economic disaster zones.

The government wants to promote investment in these troubled areas. This means businesses that invest there will have to enjoy some tax incentives. Are you interested in investing in these places? Get in touch!

• Expanding the Scope of Taxable Industrial and Commercial Profits in Cameroon
• Taxable Income for Handicraft, Industrial, and Commercial Profits in Cameroon
• Ascertaining the Taxable Basis for Various Types of Income in Cameroon
• Exemptions from Personal Income Tax in Cameroon
• Taxation of Income from Digital Assets in Cameroon

Get help and support

You can get help in setting up your business in Cameroon.

We can help you to

• develop a business plan or carry out a market research
• register or incorporate your business
• train your staff or receive coaching services?
• design a catchy website that
• with great search engine optimized content that will rank on search engines convert your audiences in to customers.

If you want any that, hit us up now. You can also join our Telegram channel OpenHub Digital Official for updates or our WhatsApp Group Doing Business in Cameroon for questions.

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