How To Start A Business in Cameroun

How to Start a Business in Cameroon - Step by Step Guidelines

Cameroon offers a strategic location in Central Africa, a growing consumer market, and a diversified economy. This step-by-step guide outlines the process of starting a business for both local and foreign investors.

Step-by-Step Procedure for Locals

1. Reserve a Company Name:
   Apply for name reservation at the Centre de Formalités de Création d’Entreprise (CFCE) or via the official portal.
   Fee: XAF 15,000
   Duration: 1–2 days
2. Draft Company Statutes:
   Prepare the company's articles of association with a legal adviser or notary.
3. Deposit Share Capital:
   Open a corporate bank account and deposit the required capital. Obtain a capital deposit certificate.
   Minimum capital for LLC: XAF 100,000
4. Register with the CFCE:
   Submit all documents to the CFCE for registration with tax authorities, national social security, commerce registry, and labor inspection.
   Fee: Approx. XAF 50,000 – 150,000 depending on entity
   Duration: 3–7 days
5. Publication in Official Gazette:
   Required for certain types of companies such as public limited companies.
6. Register for Taxes:
   Obtain a taxpayer’s card from the Directorate General of Taxation.
   Visit DGI website
7. Register Employees:
   Register with the National Social Insurance Fund (CNPS).
   Visit CNPS

Additional Procedures for Foreign Investors

1. Apply for Investment Approval:
   Foreign investors may apply for approval under the Investment Charter from the Cameroon Investment Promotion Agency (CIPA).
2. Obtain a Business Visa or Residence Permit:
   Required for foreign directors or investors working in Cameroon.
3. Sector-Specific Licenses:
   Additional licenses may be required depending on the sector (e.g. mining, telecoms, energy).

Useful Resources

• CFCE – Business Registration Portal
• CIPA – Cameroon Investment Promotion Agency
• Directorate General of Taxation (DGI)
• CNPS – National Social Insurance Fund