Registering a company in Cameroon is a step-by-step process that involves selecting a company type, choosing a name, preparing documentation, and registering with the Cameroon National Institute of Statistics and Tax Administration of Cameroon. By following this guide and utilizing the provided resources, you should be well on your way to successfully establishing your business in Cameroon. Be sure to adhere to the requirements and guidelines to ensure a smooth registration process and a successful start for your company in this growing and diverse market.
Step 1: Choose your company type
The first step in registering a company in Cameroon is to choose the type of company you want to register. The most common types are:
- Limited Liability Company (Société à Responsabilité Limitée - SARL)
- Public Limited Company (Société Anonyme - SA)
- Branch of a foreign company
Step 2: Choose a company name
Before registering your company, you'll need to choose a suitable name. The Cameroon National Institute of Statistics (INS) has guidelines for acceptable names, which can be found at this link: https://www.statistics-cameroon.org
Step 3: Prepare the required documents
Next, prepare the necessary documentation for your chosen company type. The key documents are:
- Articles of Association (for SARL and SA)
- Application for Company Registration (for all types)
These forms can be downloaded from the INS's website: https://www.statistics-cameroon.org
Step 4: Identify company officers and shareholders
You will need to identify at least one director (for SARL and SA) or one representative (for Branch of a foreign company). Directors or representatives must be at least 18 years old. Shareholders can be individuals or corporate entities.
Step 5: Capital requirements
Cameroon requires a minimum capital of XAF 1,000,000 for SARLs and XAF 10,000,000 for SAs. There is no minimum capital requirement for branches of foreign companies.
Step 6: Register your company
Once your documents are ready, you can submit your application to the Cameroon National Institute of Statistics (INS). This can be done in person at their office or online via the following link: https://www.statistics-cameroon.org
The fees for registering a company are as follows:
- SARL: XAF 150,000 (approximately $260)
- SA: XAF 250,000 (approximately $435)
- Branch of a foreign company: XAF 250,000 (approximately $435)
Step 7: Register for taxes
After your company is registered, you must register for taxes with the Tax Administration of Cameroon. This can be done in person at the local office. For more information, visit: https://www.impots.cm
Step 8: Obtain necessary permits and licenses
Depending on your business activities, you may need to obtain additional permits or licenses. Check with the relevant authorities and industry regulators for specific requirements.
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 4 to 8 weeks, depending on the complexity of your application.