When one envisages to invest or to set up a business in Cameroon, it is important to know the first formalities to fulfil. These formalities are of a general order, while others touch on tax registration.
The formalities for setting up an enterprise
The competent services for the accomplishment of the first formalities for enterprise creation are indicated in the following table
|Declaration of investment||Ministry of Finance|
|Deposit at the registry||Registry of the competent CFI|
|Registration in the Trade register||Registry of the competent CFI|
|Statistic registration||Regional Service of Statistics|
|Declaration of existence at the NSIF||Regional Agency of NSIFA|
|Declaration of existence||Regional Delegation of Labour|
|Insertion in a news paper of legal announcements||Cameroon tribune for example|
Tax registration of enterprises
Registration is a formality which permits the potential taxpayer to be known by the taxation services, and to obtain the taxpayerÔÇÖs card demanded on several occasions of his fiscal life.
The place of the fiscal registration
The registration file is deposited at the taxation centre of the place where the enterprise or business is situated.
It may be deposited at the Medium sized enterprises taxation Centre (METC), at the Specialised Taxation Centre (STC) if its turnover is equal or higher than 100 million, or at the Large Tax Unit if its turnover is equal or higher than 1 billion.
Simplification of procedures
Since the insertion of the Centres of Business Creation Formalities (CBCF) in Yaound├® and Douala, all these formalities can be fulfilled in the said centres, where all the structures involved in the business creation process in Cameroon are found.
It is henceforth possible to create an enterprise within only 72 hours.