start a dropshipping business in Cameroon

I’m not clear on how I can start a dropshipping business with no capital

Discover the keys to launching a successful dropshipping venture in Cameroon with limited capital in 2024.

The introduction of new tariffs can play a crucial role in incentivizing individuals to opt for digital transactions.

Promoting Digital Transactions in Cameroon

Digital-to-cash transactions help governments reduce costs associated with printing, distributing, and securing physical currency.

End of Year Tax Filing in Cameroon

2023 End of Year Tax Filing in Cameroon

Statistical and tax returns filing is a vital process that allows taxpayers to accurately report their financial information and fulfill their obligations to the tax authorities.

Angela built a successful business from home
interest paid to investors

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.

dividends paid to shareholders

What is dividends paid to shareholders?

Cameroon offers a tax incentive to encourage investment in technology startups. Any dividends paid to shareholders and income tax on movable capital revenue or investor interest are taxed at a reduced rate of 5%. The government aims to stimulate the growth of the digital economy, entrepreneurship, and attract more investment to the tech sector. Startups and investors should, however, consult tax professionals to understand the eligibility criteria and other associated requirements.

Incentives for Promoting the Digital Economy

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.

Open-end investment companies in Cameroon

Open-end investment companies

Open-end investment firms, known as SICAVs (Société d'Investissement à Capital Variable), are financial structures pooling funds from investors for diversified portfolio investments like stocks, bonds, or other instruments. Offering unlimited shares, SICAVs offer liquidity and risk diversification, while being subject to regulatory oversight for investor protection. These companies are tax-exempt in Cameroon.

Cooperative societies in Cameroon

Cooperative societies

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.

mutual credit funds in cameroon

Mutual credit funds

Mutual credit funds are member-owned cooperatives providing financial services such as savings, loans, and more. They differ from traditional banks as they are not-for-profit, prioritizing members' financial needs over profits. Membership is open to individuals or businesses meeting specific eligibility criteria. These funds promote financial inclusion, local lending, and community development while being regulated by the relevant financial authorities.