provides objective measures of business regulations and their enforcement across 183 economies and selected cities at the subnational and regional level. Learn more...
Open a bank account, deposit the legally required initial capital in a bank and obtain deposit evidence
Time to complete:
1 day
Cost to complete:
no charge
Name of Agency:
Comment:
A fee of up to XAF 10,000 applies for preparing the documents required to open the bank account.
Procedure 2.
Check the uniqueness of the company name and pick up a company registration form
Time to complete:
1 day
Cost to complete:
FCFA 25,000
Name of Agency:
Comment:
To avoid future lawsuits, the founders must pick a name that is not already in use.
Procedure 3.
Notarize the company’s deeds and articles of association
Time to complete:
4 days
Cost to complete:
about FCFA 150,000 (statutes) + FCFA 56,125 (subscription of capital)
Name of Agency:
Comment:
Depending on the company’s capital, the fee ranges from XAF 125,000 to XAF 175,000 if the notary public drafts the bylaws and statutes. A fixed fee of XAF 100,000 applies if the incorporation documents are drafted by the founders and only notarized. In both cases, a fee of XAF 56,125 applies for the declaration of subscription of capital (déclaration de subscription). Although not yet been implemented, a reform initiative proposes to harmonize notary fees for drafting the bylaws and statutes at a fixed fee of 3% of company capital. At present, fees vary widely among notaries.
Procedure 4.
Obtain criminal record of the first directors in preparation to the registration formalities with the Commercial Registry
Time to complete:
2 days
Cost to complete:
FCFA 1500 (300 per copy)
Name of Agency:
Comment:
Procedure 5.
Procurement of medical certificate
Time to complete:
1 day
Cost to complete:
FCFA 1200 per copy
Name of Agency:
Comment:
Procedure 6.
Register a signed and certified copy of company bylaws with the Ministry of Finance (Service d’Enregistrement, des Domaines et du Timbre)
Time to complete:
2 days
Cost to complete:
3% of capital plus 1000 per page
Name of Agency:
Comment:
The fee is regulated by Arrêté n°015/MCIA/SG/2004 (fixant le taux d'obtention d'un acte administratif d'exercer des activités de commerce, d'industrie ou d'artisanat).
Procedure 7.
Get an administrative authorization from the Ministry of Industry and Commerce
Time to complete:
4 days
Cost to complete:
FCFA 20000
Name of Agency:
Comment:
Documents to be submitted include the following: - A criminal record (issued by the country of origin). - A medical certificate. - A residence permit, if a foreigner. - A list of company personnel. - An exhaustive list of activities to be engaged in. - The investment plan (list of materials).
Procedure 8.
Register the company with the Registry of Commerce and Real Estate (Registre de Commerce et du Crédit Immobilier)
Time to complete:
3 days
Cost to complete:
FCFA 15000
Name of Agency:
Comment:
Procedure 9.
Register the company bylaws with the court clerk (Greffier du Tribunal d’Instance) at the Ministry of Justice
Time to complete:
2 days
Cost to complete:
no charge
Name of Agency:
Comment:
Documents to be submitted with the notarized company acts include the following: - The administrative authorization (one copy). - The statutes recorded with the (Service d’Enregistrement, des Domaines et du Timbre) (one copy).
Procedure 10.
Make a formal announcement through legal journals/newspapers proclaiming the existence of the company
Time to complete:
3 days
Cost to complete:
CFA. 50,000 in legal journal, variable in a newspaper
Name of Agency:
Comment:
Procedure 11.
Register the company for taxes with the central tax services of the Ministry of Finance (Direction des Impots),, pay the Patente and obtain a fiscal number
Time to complete:
1 day
Cost to complete:
no charge
Name of Agency:
Comment:
Procedure 12.
Inscription on the tax rolls
Time to complete:
3 days
Cost to complete:
no charge
Name of Agency:
Comment:
Documents to be submitted include the following: - The company statutes. - The certificate of the commercial registration. - The administrative authorization.
Procedure 13.
Register for the statistics code
Time to complete:
3 days
Cost to complete:
no charge
Name of Agency:
Comment:
Procedure 14.
Declare the company’s existence to the National Employment Promotion Office (l’Office Nationale pour la Promotion de l’Emploie, ONAPE)
Time to complete:
1 day
Cost to complete:
no charge
Name of Agency:
Comment:
Procedure 15.
Submission of the Internal Regulation Code to the Labor Inspection Office (Inspection du Travail)
Time to complete:
30 days
Cost to complete:
no charge
Name of Agency:
Comment:
This procedure is required for companies with 25 employees or more.
Procedure 16.
Registration with municipality, which grants the commercial license
Time to complete:
2 days
Cost to complete:
USD 90
Name of Agency:
Comment:
To operate, the company must obtain a commercial license from the municipality.
Procedure 17.
Registration with the Social Security Institute (Caisse Nationale de Prévoyance Sociale)
Time to complete:
2 days
Cost to complete:
no charge
Name of Agency:
Comment:
Procedure 18.
Application for court authorization of commercial books
Time to complete:
3 days
Cost to complete:
no charge
Name of Agency:
Comment:
The court issues an authorization for the Registry of Commerce to affix a seal to the commercial books (an official judicial seal).
View all indicator data and topic details for this economy.