Cameroon: Operating a Business

Setting Up a Company

Private Limited Company: Number of partners: At least one partner with no maximum.
Capital (max/min): XAF 100,000 minimum
Shareholders and liability: Liability is limited to the extent of the shareholders' contributions
Public Limited Company: Number of partners: At least one partner with no maximum.
Capital (max/min): XAF 10 million minimum capital divided into shares
Shareholders and liability: Liability is limited to the amount contributed.
Limited Partnership: Number of partners: At least two partners with no maximum.
Capital (max/min): No minimum capital required.
Shareholders and liability: Limited partners who do not participate in management have limited liability. However, general partners or managing partners have joint and unlimited liability

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

Setting Up a Company	Cameroon	Sub-Saharan Africa
Procedures (number)	6.0	7.5
Time (days)	13.5	21.3

Source: Doing Business.

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

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: 60 years old.
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.
Labour Laws: Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

Minimum Wage: The minimum wage is FCFA 60,000 per month for the private sector (non-agricultural) and FCFA 43,969 for state employees, as mandated by the Ministry of Labour and Social Security.
Average Wage: The average monthly wage in Cameroon is about 133,300 XAF (approx. 220 USD).
Social Contributions: Social Security Contributions Paid By Employers: Depending on the employee regime, between 9.65% and 16.2% of wages.
Social Security Contributions Paid By Employees: 4,20% of the gross wage.

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).
Labour Unions: CSTC: Cameroon Workers Trade Union Confederation
GICAM: Inter-Employers Grouping of Cameroon
Unionisation Rate: The national unionization rate was 46.85% in 1996.
Labour Regulation Bodies: Ministry of Employment and Social Security

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