Business Tips / Tax / Tax Obligations / Tech / Tech & Innovation

What is interest paid to investors?

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Technology startups in Cameroon receive favourable tax incentives to stimulate investment and promote the growth of the digital economy. These include a reduced income tax rate of 5% on interest paid to investors and dividends paid to shareholders, and on movable capital revenue. This strategy is part of the government’s plan to foster entrepreneurship, attract investment, and support the development of the technology sector in the country.

Business Tips / Tax / Tax Obligations / Tech / Tech & Innovation

Incentives for Promoting the Digital Economy: Boosting Start-ups in the Digital Sphere

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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.

Agriculture / Business Tips

Pitch Your AgriTech Innovations and Win Big with Pitch AgriHack 2023!

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Pitch AgriHack 2023 rewards early-stage, mature or growth-stage, and women-led agritech ventures, with a total prize money of US$45,000.

OpenHub Consulting Ltd is encouraging eligible African agritech entrepreneurs to apply and unleash their innovation.

Don’t miss out on this exciting opportunity to showcase your solutions and win big with Pitch AgriHack 2023!