Cameroon company registration

Cameroon company registration

DOING BUSINESS IN CAMEROON

Since 2003, Healy Consultants has assisted our Clients with business registration in Cameroon. Our services include i) Cameroon business registration ii) government license registration iii) corporate bank account opening services in Cameroon and abroad iv) employee recruitment v) visa strategies and vi) office rental solutions in Cameroon.

Press the link headings below to read detailed, relevant, up to date information.

  • Advantages and Disadvantages

    Advantages of Cameroon company registration

      foreigners guide to doing business in Cameroon
    1. Our Clients can register a company in Cameroon with only i) one shareholder ii) one director and iii) a minimum paid-up capital of US$1,700 (XAF1 million), paid before incorporation of the Cameroon entity. Our Clients also do not have to travel to complete Cameroon company formation and corporate bank account opening;
    2. English and French are both national languages of Cameroon, reducing company formation costs in this country. Our French and English speaking Clients will also be able to communicate more easily with their local partners and customers in Cameroon;
    3. Cameroon is an attractive location for businesses in the oil and gas industry. The country is indeed is the 6th largest producer of petroleum in the petroleum-rich region of Sub-Saharan Africa. Oil reserves are estimated at around 400 million barrels with natural gas reserves also substantial;
    4. Cameroon is a rapidly growing market, with a GDP growth in 2014 of 5.6% (last figure available) according to the World Bank. The country’s population is 26 million and the country is relatively politically stable compared to its neighbor, making it safer to invest in Cameroon than the rest of the region.

    Disadvantages of Cameroon company registration

    1. Corporate income tax is high in Cameroon, with a standard rate of 33% and a minimum alternative tax of up to 5.5% of the turnover of the company. Companies remitting interest and dividends overseas are also subject to a withholding tax rate of 16.5% unless reduced by a double taxation avoidance treaty;
    2. Cameroon has signed only eight double taxation avoidance treaties, namely with i) Canada ii) Central African Republic iii) Chad iv) Republic of Congo v) Equatorial Guinea vi) France vii) Gabon and viii) Tunisia.
  • Best uses for a Cameroon company

    Cameroon is a good place to start a company providing services to the oil and gas industry or to run a business in the agro-forestry sector.

Company registration

  • Time to incorporate: Five weeks
  • Cost to set up: US$15,425
  • Minimum capital: US$1,900
  • Physical office required: Yes

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: No
  • Resident director: Yes

Key facts

  • Corporate tax rate: 33%
  • Corporate tax base: Territorial
  • Shelf companies: Unavailable
  • Main company type: SARL

Contact us

For additional information on our company registration services in Cameroon, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Kunal Fabiani, directly:
client relationship officer - Kunal
cameroon tourism government of Cameroon community economic and monetary affairs of central africa - CEMAC cameroon investment promotion agency - CIPA cameroon ministry of trade