Entry into Cameroon
Any foreign national who is willing to set up a business in Cameroon either as a self-employed professional or a promoter of activities in the industry, agricultural, pastoral, trade, handicraft or arts sector should get an entry visa corresponding to the period of the intended stay.
Starting business
Starting a business requires registration into the register of trade names and personal property. Economics operators can get their attestation of business start-up seventy two hours upon submission of the file, thereby conferring a legal foundation on their business in the Republic of Cameroon.
Customs regime
A one-stop-shop (GUCE) has been established in order to insure the physical and virtual grouping of customs clearance formalities. The GUCE therefore contributed towards the reduction of time and costs of transactions at the Port Authority of Douala. Another signi-ficant reform is the introduction of the container scanner into the Port Authority of Doua-la which has as objective to considerably reduce physical visits of goods and the time spent in port.
Tax policy measures
• Introduction of a tax regime for structuring projects;
• Introduction of a tax regime for public-private partnership contracts;
• Measures to improve enterprises cash position;
• Exemptions from registration duties on current account agreements;
• Drop in the ceiling of reimbursement of VAT credits from 25 to 10 million;
• Gradual lift of the bound in guarantee of the payment of logging area fees in the forestry sector
• Measures to enhance the rights and guarantees of tax payers;
• Cancellation of the payment of 10% of the tax amount and cancellation of the bank bond as part of the legal tax dispute in order to enhance the rights of tax payers with regard to disputes notably by facilitating their access to the judge.
Tax administration measures
• Supervision of tax payers;
• Streamlining of procedures;
• Payment and settlement systems;
• Payments of customs duties;
• Regulation of exchange;
• Funding of projects by banks;
• Legal governance;
• Conflict and law rules.