The Organization for the Harmonization in Africa of Business Law (OHADA) created on October 17, 1993 in Port Louis, Mauritius is the legislation that runs different types of commercial enterprises in Cameroon. Governed by three Uniform Acts (relating to General Commercial Law, Commercial Corporate Law and EIG, and Cooperative Corporate Law).
These include:
Recently, investors complained that business creation in Cameroon was not easy, notably due to the bottlenecks caused by the multiplicity and length of proceedings. To put an end to this situation, on 18 March 2011, the Prime Minister, Head of Government, issued an instruction for the creation of companies in Cameroon. This act, which is part of the process of improving the business environment, aims to reduce the strains faced by local and foreign economic operators wishing to invest in Cameroon.
Today, you can start your business in 72 hours in the CFCE (Business Creation Formalities Centre) in the cities of Yaounde, Douala, Bafoussam, Maroua, Limbé, Garoua, Ebolowa and Bamenda (www.cfce.cm), either by going to a reception desk or online via the https://mybusiness.cm/ link.
The documents required for the creation of a company are:
FOR INDIVIDUAL PROMOTERS
FOR COMMERCIAL COMPANIES:
NB: The presentation of the lease agreement is deferred by three months from the day the developer initiates the process of creating the business.
The Industrial Zones Development and Management Authority (MAGZI) is responsible for the development and management of industrial zones throughout Cameroon. It equips the areas with all the necessary infrastructure and rents the parcels at the following rates:
Fully equipped spaces
Partially equipped spaces
As for the industrial zones located in the cities of Yaounde, Bafoussam, Garoua, Ngaoundéré, they are partially developed and leased at a single price of 200.00 F./m2/year.
Tariffs on low-voltage consumers are divided into two tranches, a so-called domestic slice and a so-called other use tranche.
Domestic use:
Other Uses:
TRANSPORT BY LAND
Companies are allowed to apply their own tariffs
MARITIME TRANSPORT:
The operating rates of the National Ports Office of Cameroon (ONPC) are set by Order 23/MINDIC/DPPC/SDP of 21 February 1994 and include tariffs on ships, freight tariffs and specific tariffs. Freight fares are subdivided into boarding rates and landing fares. As land transport is freed, each company in the sector applies its own tariffs.
RAIL TRANSPORT
This is provided by CAMRAIL.
Wages are liberalized in the private sector. It results from a negotiation between the employer and the employee. However, the official Interprofessional Minimum Wage (SMIG) is set at 36,270 FCFA. The recommended average working time is 40 hours per week for companies in the secondary and tertiary sectors. The benefits granted to employees are: leave, accommodation, transportation and exceptional leave that is not deductible from annual leave.