Cameroon Country Profile business trade issues

Cameroon

DOING BUSINESS

Local business incentives - Legal forms of companies - Registration and licensing procedures - Legal framework - Foreign exchange control - Regulations concerning equity investment - FDI inflows - Expertise of the political risk

Local business incentives

The Cameroonian government implemented a tax and a legal incentive regime to encourage exports.
Tax advantages consist of a company tax exemption for 10 years and then the application of a 15% fixed rate and other incentives. Advantages granted to the industries of this zone are customs advantages (the zone is exempted from customs taxes and taxes).

Legal forms of companies

Form	Number of partners/shareholders	Minimum and/or maximum capital	Liability	Registration fee	Release of financial documents
Private Limited Company	Minimum 2 partners.	FCA 1 million divided into shares	Liability is limited to the amount contributed.
Public Limited Company	Minimum 7 shareholders.	FCA 10 million divided into shares	Liability is limited to the amount contributed.

Foreign exchange control
Free conversion of the CFA Franc into French Franc is carried out as well as the right to transfer capital and profits, with no limitation.

Foreign Direct Investment inflows in Cameroon

FDI inflows	2003	2004	2005	World rank (*) 2005
FDI inflows (USD million)	..	..	18	137/141

Source : UNCTAD - World Investment Report
Note : (*) World Rank = UNCTAD Inward FDI Performance Index. It is a measure of the extend to which a host country receives inward FDI relative to its economic size. It is calculated as a ratio of the country's share in global FDI inflows to its share in global GDP.

Last modified in 2006 - ongoing update