Registration of a company in Cameroon

Name of service Bronze Silver Gold
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Legal address for 1 year We provide a legal address for your company in this jurisdiction, eliminating the need to purchase or rent real estate
Support in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Services of local director for 1 year Providing a resident director of a given jurisdiction or the EU, which is necessary for registering a company and opening an account at a local bank
Total cost
On request On request On request
Accounting services
On request On request On request
Annual renewal (paid from the second year)
On request On request On request

Deal of the month

If you will register a company until June 30,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

The Republic of Cameroon is a developing country in the region of Central Africa. The state has a huge potential for growth and is rich in various natural resources. Therefore, many foreign businessmen choose exactly this jurisdiction to invest funds in projects that are associated with manufacturing processes and need low employment-related expenses. Founding a company in Yaoundé or any other city in Cameroon may introduce, among others, this potential for doing business.

Why Incorporate a Company in Cameroon?

A business decision of buying a ready-made company in Cameroon or registering a new one can open these benefits to a foreign investor:

  • use of strategic location;
  • economical and political stability;
  • natural resources in abundance (oil, iron, gold, diamonds, etc.);
  • advantageous business environment suitable for foreign investments;
  • bilingual educated manpower;
  • availability of free zones.

Types of Business Available in Cameroon

If you wish to create a company in Cameroon or formalize your official presence in this state in an alternative way, these forms may be used for that purpose:

  • Private limited company – a commercial and corporate model according to which all types of obligations of its shareholders are narrowed to their contributions solely. Even one person, whether natural or legal, can incorporate this entity. One director, of any residency, is also needed for this company. Shares of this type of enterprise are allocated among its shareholders. At the same time, certain restrictions on share transfers are applied as well. These restrictions have to be fixed in the company’s statutory documents. A starting share capital of CFA 1,000,000 is expected for this entity model. At the pre-registration stage, there is no need to pay this capital fully or partially.
  • Public limited company – a commercial entity designated to initiate public offerings and trade its shares. A starting capital of CFA 10,000,000 is required for this entity type. At the pre-registration stage, it is possible not to repay a share capital fully or partially. The obligations of shareholders are the same as in the case of a private limited company — limited to the extent of the funds invested solely.
  • Branch – an option chosen by foreign companies to test the local business opportunities before entering the market with a higher amount of investment. A branch can facilitate commercial relations with local contractors and customers. Passing a simplified registration procedure is needed to establish a branch. 100% liability over the debts and obligations of a branch under any circumstances bears its mother company.

How to Register a Business in Cameroon?

The process of company formation in Cameroon takes these stages:

  1. Decide about the entity type that suits your business background and future objectives.
  2. Carry out a company name search and verify the suggested commercial name for a future company. Reservation is possible (optional).
  3. Define a clear list of business activities that an entity is going to handle.
  4. Formalize an official legal address for the future company.
  5. Gather and formalize all necessary particulars about the company’s shareholders, including its mother company (if any), beneficiaries, and managers.
  6. Prepare and execute all must-have registration documents, including the Articles and Memorandum of Association, application forms, documents on the appointment of a director and secretary, documents on the share issuance and allocation, etc.
  7. Paying an incorporation fee and forming the submission package. Forwarding it to the registrar. Creating a new entry about a newly-formed company in the Register of Companies. Issuance of the Certificate of Incorporation.
  8. Formalizing a new entity for the purposes of paying taxes (through a taxpayer’s card) and compulsory social security payments.
  9. Opening corporate bank accounts.
  10. Applying for and getting an appropriate business license (may be needed for specific types of regulated activities).

Legal and Regulatory Framework

From the point of legislation, opening a company in Cameroon is a bit difficult because of numerous bureaucratic formalities. This process in general can be assessed as strict and time-consuming. At the same time, Cameroon facilitates the efforts of foreign investors, including through the assistance of an especially designed authority – the Cameroon Investment Promotion Agency (CIPA).

Starting and doing special types of regulated activities will also require obtaining a license or permit. Contact Prifinance attorneys to have a service option that will help to tackle all possible difficulties and secure expected results.

Taxation in Cameroon

Any initial decision to incorporate a company in Cameroon should be evaluated along with the next peculiarities of taxation in Cameroon:

  • Profit tax (for business) – 33 %
  • Income tax (for individuals) – 38.5%
  • VAT – 19.25%
  • Withholding taxes (non-residents) – (1) dividends – 16.5% (2) interests – 16.5% (3) royalties – 15%
  • Capital gains tax – (1) for business – see profit tax (2) for individuals – (i) stocks and shares – 16.5% (ii) real estate – 30%.

How Prifinance Attorneys Can Support You

Forming a company in Cameroon is a bit complicated thing if you are new in this region and have a lack of experience. Prifinance attorneys can foster the process thanks to the vast registration expertise gained through 11 000 cases worldwide, including in Africa. Provide the details and get personalized assistance for your case as well.

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I NI N
10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
K NK N
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again
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