Business Ideas / Business Tips / How to

How to Create and Register an Association in Cameroon

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Creating and registering an association in Cameroon involves several key steps, including defining the purpose, drafting statutes, holding a constitutive assembly, and submitting the registration dossier. This guide provides detailed instructions and highlights how OpenHub Consulting can assist at each stage, from drafting documents to offering legal advice and administrative support.

#businessregistration #Cameroonassociations #legalcompliance #OpenHubConsulting #nonprofitsetup

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.

Business Tips / Local Tax / Tax / Tax Obligations

Cooperative societies

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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.