General Tax Code / GTC 2024 / Tax / Tax Obligations

Section 7 General Tax Code: Determining Net Taxable Profits

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Section 7 General Tax Code: Determining Net Taxable Profits. This section outlines the process for calculating net taxable profits.

General Tax Code / GTC 2024 / Tax / Tax Obligations

Section 4 General Tax Code: Exemptions from Company Tax

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Section 4 General Tax Code: Exemptions from Company Tax. It outlines specific exemptions from Company Tax in Cameroon.

Business Tips

5 Businesses That Would Thrive in Cameroon Hard Economic Times

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5 Businesses That Would Thrive in Cameroon Hard Economic Times – security, childcare, healthcare, food, and necessities, etc.

Business Incorporation / Business Tips

Guide to Incorporating a Private Limited Company in Cameroon

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A simple, step-by-step guide answering common questions about how to incorporate a private limited company in Cameroon under OHADA law.

#RegisteringaBusinessinCameroon #CompanyIncorporation #OHADALaw #CameroonBusiness #BusinessRegistrationTips

Business Tips

Starting a Barbing Salon in Cameroon as a Limited Company: A Step-by-Step Guide

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Starting a Barbing Salon in Cameroon as a Limited Company: A Step-by-Step Guide to help you start your barbing salon in Cameroon.

Business Incorporation / Business Tips

Starting a Barbing Salon in Cameroon as a Sole Proprietor: A Complete Guide

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Starting a Barbing Salon in Cameroon as a Sole Proprietor: A Complete Guide to help you set up your barbing salon.

Business Incorporation / Business Tips / Legal

How to Create an Enterprise in Limbe, Cameroon: A Step-by-Step Guide

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Register your enterprise in Limbe. Contact us today at OpenHub Consulting to start your business journey in Cameroon.

#compqnyincorporation #cameroon #limbe

Business Ideas / Business Plans / Business Tips / Clients / Sponsored Content / Verified Business

How Angela Built a Successful Business from Home

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How Angela E. Built a Successful Business Online from Her Living Room

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

What is dividends paid to shareholders?

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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.