Incentives for Promoting the Digital Economy: Boosting Start-ups in the Digital Sphere
Cameroon's General Tax Code offers tax advantages and incentives to ICT start-ups registered in approved management centers to foster innovation and support the digital economy. During the incubation phase, start-ups are tax exempt, giving them financial freedom to focus on growth. Technological innovation is encouraged through a 30% income tax credit on associated expenses. During the operational phase, further benefits continue, such as reduced tax rates, exemptions, and preferential rates on capital gains from sales. After five years, start-ups transition to the regular tax system, maintaining their established foundations.
Cooperative societies are voluntary associations that promote the economic and social well-being of their members by pooling resources and undertaking collective activities. Key features include democratic control, active member benefit, limited return on capital, and emphasis on education and training. These cooperatives operate across various sectors and can increase bargaining power, improve resource access, and promote sustainable practices. Cooperatives' structure and benefits are subject to local regulations, such as tax exemptions in Cameroon. Assistance is readily available for those interested in forming or participating in cooperatives.
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Essential Steps to Take Before Investing in the Growing Chocolate Business
Are you looking to invest in the growing chocolate business? Don't jump in blindly! Make sure you take the essential steps to ensure you get the most out of your investment.
How To Streamline the Efficiency of your Small Business
When you create an effective plan, you can take steps towards becoming as efficient as your small business can possibly be.
OpenHub Digital is a Trustworthy Platform for Business Registration in Cameroon
OpenHub Digital provides resources and tools for local businesses, foreign investors and entrepreneurs in Cameroon. Business Registration...
Small Business Bookkeeping & Accounting Services in Cameroon
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5 reasons our clients love our services
Why our clients love our services - Company Incorporation | Business License | Social Media Marketing | Bookkeeping Services | Website Design, etc. We use a refreshing approach in our services to solving company incorporation and business license issues.
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