If you are looking for how to setup an enterprise in Cameroon , or to have a local representation for your Company, you are at the right place. SPETIV Consulting can provide free advice in this connection and support you to achieve your dream.
When one envisages to invest or to set up a business in Cameroon, it is important to know the first formalities to fulfil. Some formalities are of a general nature, while others touch on tax registration.
The formalities for setting up an enterprise in Cameroon
The competent services for the accomplishment of the first formalities for enterprise creation are indicated in the following table:
| FORMALITIES | COMPETENT SERVICE |
| Declaration of investment | Ministry of Finance |
| Deposit at the registry | Registry of the competent CFI |
| Registration in the Trade Register | Registry of the competent CFI |
| Statistic registration | Regional Service of Statistics |
| Declaration of existence at the NSIF | Regional Agency of NSIFA |
| Declaration of existence | Regional Delegation of Labour |
| Insertion in a newspaper of legal announcements | Cameroon tribune for example |
Who can create a business in Cameroon?
Anyone can create a business in Cameroon. It doesn’t matter whether you are of Cameroonian nationality or a foreign national.
Tax Registration of enterprises
Registration is a formality which permits the potential taxpayer to be known by the taxation services, and to obtain the taxpayers card which is a critical element for the smooth fiscal operation of your business.
The place of the fiscal registration
The registration file is deposited at the taxation centre of the place where the enterprise or business is situated.
It may be deposited at the Medium-sized Enterprises Taxation Centre (METC), at the Specialised Taxation Centre (STC) if its turnover is equal or higher than 100 million XAF, or at the Large Tax Unit if its turnover is equal or higher than 1 billion XAF.
Simplification of the procedures
Since the insertion of the Centres of Business Creation Formalities (CBCF) in Yaoundé and Douala, all these formalities can be fulfilled in the said centres, where all the structures involved in the business creation process in Cameroon are found.
It is henceforth possible to create an enterprise within only 72 hours.
Possible Challenges
Despite the simplified process described above, entrepreneurs often face the following challenges:
- drafting official business documents such as the Declaration of Investment, Declaration of Existence, and Declaration of Creation of an Enterprise,
- finding a suitable business location including the region, town, neighbourhood to setup your business, etc,
- locating the right NSIF and Taxation Offices to subscribe your business which can affect operational ease,
- securing immigration documents for expatriate workers and company representatives, including business visas, work permits and resident permits,
- securing suitable, cost-effective accommodation for key business representatives,
- recruiting competent talent to drive and implement business objectives.
Available Support
SPETIV Consulting has a deep understanding of the Cameroon business landscape. We are available to support you. Conduct us today to set up a meeting.
