Company Formation in Cameroon

Cameroon is a good destination to set-up your company to cater to the fast growing African market with a large population. YourGlobalPro can assist in Cameroon for Company Formation, Secretarial Compliance, Tax Registration, VAT Reclaim, Document Retrieval and Trademark Registration.

About the Country

The Republic of Cameroon (Cameroon) is a country in Central Africa – sharing border with Nigeria to the west; Chad to the northeast; the Central African Republic to the east; and Equatorial Guinea, Gabon and the Republic of the Congo to the south. It is also called Africa in miniature for its geological and cultural diversity. The below content will explain you in detail about the requirements for the company formation in Cameroon, know more about the process of trademark registration in Cameroon and understand the Cameroon Legal and Compliance requirements.


Doing Business Introduction

The country per capita GDP is one of the ten highest in sub-Saharan Africa. It has strong economic performance, with GDP growing at an average of 4% per year. As per Doing business report of The World Bank –Cameroon ranks 166 for 2017 survey.

YourGlobalPro professionals can assist its client with any type of company formation in Cameroon, trademark registration in Cameroon and other recurring services for your business in Cameroon.

Incorporation - Types of Business Entities

Before starting the business, the first decisions to make is to determine what form of business entity to establish. There are several types of entities that can be incorporated in Cameroon are as mentioned below:

  • Join stock companies (sociétés anonymes or “SA”);
  • Private Limited Liability Companies (société à responsabilité limitée or “SARL”);
  • Branch of foreign companies
  • Unlimited liability companies
  • Société en nom collectifor “SNC”
  • Société en participation
  • Société de fait

Time Frame for Incorporation of Company in Cameroon varies from depending on the type of entity selected and each business type has its own advantages and disadvantages. YourGlobalPro professionals estimate the time required for the process of Company formation in Cameroon to be completed is 16-20 working days.

Benefits of Registration of a Company

Below are the advantages of company formation in Cameroon:

  • The stability of the currency
  • Largest economy in the Central African Economic and Monetary Community (CEMAC) owing to its demography
  • Freedom to hire and lay off
  • Freedom to enter into any contract guaranteeing their commercial and financial interests
  • Freedom to transfer their benefits abroad
  • Private property is guaranteed
  • Freedom to open and hold bank accounts in foreign currencies locally.
  • Population is young and dynamic. Human resources are well trained.
  • Bilingualism is also a fantastic opportunity, with English and French as official languages.

Tax Registration and Filing

All companies (includes Undertakings headquartered in Cameroon, permanent establishment in Cameroon, a dependent representative in Cameroon) operating in Cameroon are subject to tax on earnings in Cameroon.

Corporate Income Tax Rate 33%
Capital Gains Tax Rate 33%
Branch Profits Tax Rate 33%
Branch Remittance Tax 16.5%
Value Added Tax 19.25%
Dividends 5%
Interest 16.5%
Royalties 15%
Fiscal Year 1 January to 31 December
Annual Income Tax Return To be filed by 15 March of the year following the fiscal year.

Double Tax Treaty

Double Tax Agreements (DTA) regulates the tax treatment of income or capital gains in situations where the same taxpayer is taxed twice in two countries for the same subject.

Cameroon has entered into double tax treaties with Canada, France and Tunisia. It has also entered into the Central African Economic and Customs Union (CEMAC/UDEAC) treaty, along with the Central African Republic, Chad, Congo, Equatorial Guinea and Gabon.

Trademark registration

For trademark registration in Cameroon, an application needs to be made to the Organisation Africaine de la Propriété Intellectuelle (OAPI). It takes approximately 14-16 months’ timeframe to complete the process of trademark registration in Cameroon. The Trademark Registration in Cameroon is valid 10 years from the date of filing trademark and is renewable for similar period by paying the renewal fee by the expiration date for an unlimited number of times.  It can also be renewed during the grace period of six (6) months after expiration, upon payment of a late renewal fee.

YourGlobalPro professionals are fully equipped to assist you with the process of trademark registration for your business. For assistance or advice in the matter of the trade mark registration or intellectual property – please feel free to write or contact us.

Secretarial Compliance

Below are some of the important points in relation to Company Secretarial Compliance in Cameroon:

  • Proper minutes books and records for the Company must be maintained
  • The Companies must have Registered Office.
  • Proper book of accounting records needs to be maintained
  • After incorporation, an application for the exoneration of the business tax for a period of two years should be obtained and obtainment of a Tax payer’s card
  • To Declare the employed staff with the competent services of the National Social Insurance Fund (NSIF-CNPS)

Accounting Services

In Cameroon, except the first year of the company’s existence, which may have a longer or shorter duration, the financial year corresponds in principle to the calendar year. The Companies must maintain proper books of Accounts for the business transactions.

YourGlobalPro professionals can assist you with the entire bookkeeping and accounting services for your Cameroon Business Setup as per your business needs including implementation of financial accounting software, accounting records preparation and time to time preparation of budgets, forecasts.

Auditing service

In Cameroon, at the end of each financial year, the management must prepare the company’s annual summary financial statements (known as “états financiers de synthèse”) and must also prepare a management report. The appointment of statutory auditor (Commissaires aux comptes) is mandatory in an SA whereas it is in principle optional in an SARL.

Based on the size of the business – the companies are required to prepare and file financial statements with the Authority. YourGlobalPro professionals provide you auditing services as required by your business in Cameroon.


Opening an account in a bank is quite easy in Cameroon. The documentation requirement differs from Bank to Bank and need to be complied for the Bank account opening.

The major banks in Cameroon are Afriland First Bank, Atlantic Bank Cameroon, Banque International du Cameroun pour l’Epargne et le Crédit (BICEC), BGFI Bank Cameroon, ScbCameroun, Citibank, Commercial Bank of Cameroon, Ecobank Cameroon – Acquired Oceanic Bank Cameroon, National Financial Credit Bank (NFCB), Société Commerciale de Banque du Cameroun – (Formerly SCB Credit Agricole), Societe Generale des Banques au Cameroun (SGBC), Standard Chartered Bank, Union Bank of Cameroon (UBC), United Bank for Africa (UBA). All banks are stable, reliable and offer the same level of services.

YourGlobalPro professionals facilitate all the paper work in relation to banking need and can assist you in opening bank account for your business plan in Cameroon.

Legal and Compliance

In Cameroon, the responsibility of legal compliance is not a one-time affair, but a continuous process. Below is the various Cameroon legal and compliance requirement to be followed by incorporated entities:

  • The articles of association must be established in writing either by notarized deed or by private contract duration.
  • All the shares issued by a company must have the same nominal value.
  • Address of the registered office must be chosen by the shareholders and mentioned in the articles of association.
  • Duration of a company must be indicated in its articles of association
  • All companies except joint ventures in the form of a société en participation (partnership) must be registered with the Registre du Commerce et du Crédit Mobilier (RCCM)
  • The OHADA Uniform Act on Commercial Companies and Economic Interest Groups needs to be complied regarding their formation, incorporation, management and dissolution of business entities.

YourGlobalPro professionals can assist you in Cameroon Legal and Compliance requirements.

HR and Employment Law and Immigration / VISA

In Cameroon, the applicable labor regulations would apply to the entrepreneurs wishing to hire workers. Below are some of the important points in relation to HR & employment law in Cameroon:

  • A contract of employment confirmed in writing and approved by the Minister of Labour and Social
  • Insurance
  • The application for the visa is under the responsibility of the employer.
  • Business visas are granted to foreign nationals coming to Cameroon to take up technical, industrial or commercial positions.
  • The work permit is required to be processed by the prospective employer for the employees
  • Foreign nationals wishing to work in Cameroon must obtain residence cards, which, unlike residence permits -valid for 10 years and are renewable for unlimited periods.
  • Work permits are valid for two years and are renewable for an unlimited number of times; and foreign nationals must obtain residence permits to obtain residence status
  • Maximum length of a single fixed-term contract is 24 months
  • Maximum length of fixed-term contracts, including renewals is 48 months
  • Maximum number of working days per week is 6 days
  • Paid annual leave for a worker with 1 year of tenure is 24 days
  • Maximum length of probationary period is 2 months.
  • Minimum length of maternity leave (calendar days) is 98 days.

Country Statistics

Capital Yaoundu00e9
Largest city Douala
Total Area 475,442 Sq. Km.
Population 22,534,532
Density 39.7 / Sq. Km.
Currency Central African CFA franc (XAF)
Government Unitary dominant-party presidential republic
Official Language French, English
Religion Catholic: 40%
Protestant: 30%
Muslim: 18%
None: 6%
Folk: 3%
Other: 3%
Government Office Hours Mon-Fri (0730-1530 Hrs)
Business Office Hours Mon-Fri (0730-1800 Hrs)
Banks and Exchange Houses Hours Mon-Fri (09.00 to 16.00 Hrs)

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