Section 6 General Tax Code: Determining Taxable Profits. This section elaborates on the method for calculating taxable profits.
How to Start a Small Electronics Reselling Business in Cameroon
Thinking of starting a small electronics reselling business in Cameroon? Check out our guide for tips on market research, sourcing, pricing, and promotion. Start your journey today!
5 Businesses That Would Thrive in Cameroon Hard Economic Times
5 Businesses That Would Thrive in Cameroon Hard Economic Times – security, childcare, healthcare, food, and necessities, etc.
Top 5 Things to Consider When Registering a Business in Cameroon
Registering a business in Cameroon? Learn the top 5 things to consider for a smooth and compliant registration process.
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How to Create and Register an Association in Cameroon
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.
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Starting a Barbing Salon in Cameroon as a Limited Company: A Step-by-Step Guide
Starting a Barbing Salon in Cameroon as a Limited Company: A Step-by-Step Guide to help you start your barbing salon in Cameroon.
Starting a Barbing Salon in Cameroon as a Sole Proprietor: A Complete Guide
Starting a Barbing Salon in Cameroon as a Sole Proprietor: A Complete Guide to help you set up your barbing salon.
How to Create an Enterprise in Limbe, Cameroon: A Step-by-Step Guide
Register your enterprise in Limbe. Contact us today at OpenHub Consulting to start your business journey in Cameroon.
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What is interest paid to investors?
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.
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.