The government highly encourages investment in the private sector in Cameroon and to this effect has put in place incentives with a view to promoting private investment and boosting national production. The applicable law is Law No 2013/004 of 18 April 2013.
Key Lifecycle Phases
- Establishment Phase: Up to 5 years of significant exemptions during setup.
- Operation Phase: Up to 10 years of reduced taxes and duties.
Tax and Customs Incentives (Establishment Phase)
- Exemption from stamp duty on establishment or capital increase;
- Exemption from transfer taxes on property acquisition;
- Exemption from VAT on project-related services from abroad;
- Exemption from business license tax and duties on equipment.
Operation Phase Incentives
During the operational phase, investors may enjoy exemptions or reductions on Corporate Tax, Tax on Profits, and special income taxes (SIT). There are also significant Deferrals of deficits and exemptions from duties on exported construction/processing plants.
Financial and Administrative Benefits
- The right to open and operate foreign currency accounts locally and abroad;
- Free transfer of dividends and proceeds from disinvestment;
- Free conversion and transfer for foreign staff;
- Issuance of residence/work permits and land titles under facilitated conditions.
Our law firm is ready to assist any investor willing to invest in Cameroon throughout the approval process with the Ministry in charge of private investment.
For more details, contact us at info@bongamandyoumbilawfirm.org or via our hotline: 237 691 18 559.