Choose Your Business Structure
Deciding on the right legal structure is the first and most crucial step in registering your company in Cameroon. Here are the most common options:
Limited Liability Company (SARL): This is a popular choice for smaller businesses. It requires a minimum capital of XAF 1,000,000.
Public Limited Company (SA): Best suited for larger businesses aiming to raise capital through public offerings. The minimum capital required is XAF 10,000,000.
Branch of a Foreign Company: Ideal for established foreign companies looking to expand into Cameroon. This option has no minimum capital requirement.
Select a Unique Company Name
Choose a unique and relevant company name that complies with the guidelines set by the Cameroon National Institute of Statistics (INS). You can find these guidelines and perform a name search online.
Gather Necessary Documents
The documentation required varies depending on your chosen business structure. Generally, you will need:
Articles of Association (for SARL and SA)
Application for Company Registration
These forms are available for download on the INS website.
Identify Key People for Your Business
Directors/Representatives: For SARL and SA, appoint at least one director. For a Foreign Branch, designate a representative. They must be at least 18 years old.
Shareholders: Shareholders can be individuals or corporate entities.
Understand Capital Requirements
SARL: Minimum capital of XAF 1,000,000.
SA: Minimum capital of XAF 10,000,000.
Foreign Branch: No minimum capital requirement.
Register for Taxes
After registering your company, you need to visit the Cameroon Tax Administration Office to complete your tax registration. Detailed information and online resources are available on their official website.
Obtain Necessary Permits and Licenses
Depending on your industry and business activities, additional permits or licenses may be required. Consult the relevant regulatory authorities or industry-specific organizations for further details.
Timeline for Registration
The entire process typically takes 4-8 weeks, depending on the complexity of your application and the structure of your business.
By following these steps, you can successfully register your business in Cameroon and set the foundation for growth and success.
To talk to a lawyer for legal assistance, Contact PRIME TIME LAW OFFICES