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Ease of Doing Business in

Cameroon

Cameroon Download Profile (1772KB, pdf)
Region Sub-Saharan Africa
Income Category Lower middle income
Population 23,344,179
GNI Per Capita (US$) 1,330
City covered Douala

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 166 167 up
1
45.27 44.48 down
0.79
Starting a Business 149 140 down
9
76.99 76.52 up
0.47
Dealing with Construction Permits 141 145 up
4
61.18 59.79 up
1.39
Getting Electricity 89 114 up
25
70.28 60.95 up
9.33
Registering Property 177 176 down
1
37.33 37.33
-
Getting Credit 133 127 down
6
35.00 35.00
-
Protecting Minority Investors 137 136 down
1
41.67 41.67
-
Paying Taxes 180 177 down
3
35.87 39.35 down
3.48
Trading across Borders 186 186
-
15.99 15.99
-
Enforcing Contracts 160 160
-
41.76 41.76
-
Resolving Insolvency 122 120 down
2
36.63 36.46 up
0.17

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 149

DB 2016 Rank: 140

Change in Rank: down9

DB 2017 DTF (% points): 76.99

DB 2016 DTF (% points): 76.52

Change in DTF (% points): up0.47

Standardized Company
Legal form: Limited Liability Company, Sociétés à Responsabilité Limitée (SARL)
Paid-in minimum capital requirement: XAF 1,000,000
City: Douala
Indicator Cameroon Sub-Saharan Africa OECD high income
Procedure – Men (number) info_outline 5.0 7.8 4.8
Time – Men (days) info_outline 15.0 27.3 8.3
Cost – Men (% of income per capita) info_outline 32.0 54.0 3.1
Procedure – Women (number) info_outline 6.0 7.9 4.8
Time – Women (days) info_outline 16.0 27.5 8.3
Cost – Women (% of income per capita) info_outline 32.4 54.1 3.1
Paid-in min. capital (% of income per capita) info_outline 137.6 33.1 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Obtain marriage certificate for national identification card

    Agency: Municipality

    According to the decree N° 2007/254 of September 4th, 2007 regarding the characteristics to obtain a National identity card, married women need to present a marriage certificate when obtaining a national ID. Moreover, women need a national ID when registering a business.

    A certified copy of a marriage certificate can be obtained from the Civil Status Office in 1 day on average. There is a cost of XAF 3,000 associated with this procedure.
    1 day XAF 3,000
    2

    A public notary drafts a certificate requesting to a commercial bank to open a bank account for the new company

    Agency: Notary

    In practice, banks require that a notary public issues a certificate that the company is in the process of creation (attestation d'ouverture de compte de société en création) before the entrepreneur can open a temporary bank account called "account of company in the process of creation". The registry provides the name-checking service free of charge to notaries or lawyers/attorneys who have access to the court’s information retrieval and relational database.
    1 day no charge
    3

    Deposit the initial capital in a bank and obtain a receipt

    Agency: Bank

    Under Article 313 of the Uniform Act (the company law of the Organization for the Harmonization of Business Law in Africa), founders are required to deposit the start up capital in a bank or with a notary.
    1 day no charge
    4

    Have an attorney/notary or shareholders draft the memorandum and article of association; sign company bylaws before the notary

    Agency: Notary

    Article 10 of the Uniform Act of the Organisation pour l'Harmonisation du Droit des Affaires en Afrique (OHADA) states that “the articles of association shall be established by a notarial deed or by any other instrument that ensures legal validity in Cameroon where the registered office will be located. Such instrument, together with a certification of the writing and signatures of all parties, should be deposited as originals in a notary’s office. They may be amended only by the same procedure.
    2 days 2% of the share capital up to XAF 3,000,000 and 1,5% for the capital from XAF 3,000,001 to 10,000,000 + XAF 1000 per stamp (10 stamps)
    5

    The Notary or the entrepreneur files the registration documents at the One-Stop-Shop

    Agency: Centre de Formalités de Création des Entreprises

    Notary submits all company documents and forms at the front desk of the Centre de Formalités d'Entreprises. The staff will register the company with the Registre du Commerce et du Crédit Mobilier, with the Tax Administration and with the CNPS.
    The following documents are required to file an application with the court:
    • Articles of association (copy).
    • Location plan of business premises to get exoneration of the Patente.
    • Criminal record of the directors of the company or sworn declaration
    • Certificate of non conviction (normally for nationals or resident aliens who are shareholders).
    • Photocopy of marriage certificates (if any).
    • Declaration of regularity and conformity, drawn by the notary public and signed by the incorporators, or a notarial statement of subscription and payment in lieu thereof.
    Each page of the memorandum and articles of association must also carry the current fiscal year’s fiscal stamp (XAF 1,000 a page).
    8 days XAF 41,500 for Registration
    6

    Publish the incorporation of the company in one of the authorized newspapers.

    Agency: Cameroun Tribune or any other authorized newspaper

    The publication fee for announcing the company incorporation in the Cameroun Tribune is XAF 57,000.

    In 2015, the government passed a legislation expanding the number of newspapers that are allowed to publish the notice of incorporation. In practice, most companies still choose to publish it in the Cameroun Tribune.
    3 days XAF 57000

    Applies to women only.