Cameroon: Operating a Business

Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Private Limited Company CFA 1 million divided into shares	No minimum Liability is limited to the amount contributed.
Public Limited Company CFA 10 million divided into shares	No minimum Liability is limited to the amount contributed.
Partnership No minimum	No minimum Unlimited liability
Limited Partnership No minimum	No minimum Unlimited liability

The Competent Organization: The Registration and Stamp Duty Office of the Department of Taxation is the competent organization.

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Cameroon.
Trade Register

Legal Weekly Duration: The legal duration of work is 40 hours in the non-agricultural sector and 48 hours for the agricultural sector.
Retirement Age: The retirement age is 60 years.
Working Contracts: The work contract is outlined by law and collective conventions. Company agreements and individual negotiation complement it. Its form is extremely rigid. However, hiring conditions and lay-off conditions are very flexible.

Minimum Wage: 23,514 CFAF (USD 47)
Average Wage: The average salary in Cameroon is close to 80 euros, taking into consideration the numerous unemployed people and rural inhabitants, who generally do not have salaries.
Social contributions: Social Security Contributions Paid By Employers: The employer has to pay a social security contribution of 16.2%.
Social Security Contributions Paid By Employees: The employee has to pay a social security contribution of 2.8%.

Social Dialogue and Involvement of Social Partners: Presently, the trade unions are very diverse and scattered to have any real impact in negotiations. During the last 40 years, the number of trade unions continued to increase to reach a number of 200 unions! Each trade union stands for a precise cause and none wants to break away from their positions. In addition, they suffer from a weak support from workers. Very few of them follow the initiatives of the trade unions. The trade union the most influential among these is the Union of Employers (GICAM).
Unions: CSTC: Cameroon Workers Trade Union Confederation
GICAM: Inter-Employers Grouping of Cameroon
Unionization Rate: The national unionization rate was 46.85% in 1996.
Labor Regulation Bodies: Ministry of Employment and Social Security

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