Cameroon
Corporate Guide

If there is no requirement to have a local director or shareholder in Cameroon, what is a foreigner required to do to register a company for tax purposes and other similar post-incorporation registrations?

No matter the nationality of the investor, upon incorporation, the company will have to register with the tax administration in order to obtain a taxpayer’s registration number. 

The first step is to obtain an attestation of the taxpayer’s registration, which is easily generated in Fiscalis. This attestation is used to address an application to the competent tax office in order to be registered in the taxpayer’s database and to generate an attestation of non-due tax debts. This can be done by the company founder(s), or the firm in charge of the incorporation, or any other specialist. 

Filing a monthly tax requirement is the responsibility of the company. Some companies may appoint an accountant or an accounting and tax firm which will assist with and ensure that the company is compliant with its tax obligations.

Under Decree No. 74/733 of 19 August 1974, laying down the procedures for implementing Law No. 69/LF/18 of 10 November 1969, establishing an old-age, disability, and death pension insurance scheme, any employer must register any of its employees within eight days of hiring (Article 5).

And the Order No. 020/MTPS/SG/CJ of 26 May 1993, laying down the modalities for the declaration of enterprises, provides that any person who proposes to open or re-open an enterprise of any kind whatsoever shall, within 30 days before opening, make a declaration to the Labour Inspector and the service in charge of the manpower in the relevant jurisdiction (Article 4).