FITA helps you find
service providers for:


flag Cameroon Cameroon: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

Private Limited Company
Number of partners: One or more partners.
Capital (max/min): CFA 1 million minimum capital divided into shares
Shareholders and liability: Liability is limited to the amount contributed.
Public Limited Company
Number of partners: One or more partners.
Capital (max/min): CFA 10 million minimum capital divided into shares
Shareholders and liability: Liability is limited to the amount contributed.
Partnership
Number of partners: At least one partner with no maximum.
Capital (max/min): No minimum capital.
Shareholders and liability: Jointly and Unlimited liability of all debts.
Limited Partnership
Number of partners: At least one partner with no maximum.
Capital (max/min): No minimum capital.
Shareholders and liability: Unlimited liability
The Competent Organization
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) 5.0 8.0
Time (days) 15.0 34.0

Source: Doing Business.

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

Return to top

The Active Population in Figures

201120122013
Labor force 8,078,0008,264,0008,426,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -67.00%70.70%
Men activity rate 80.70%77.30%77.40%
Women activity rate 53.50%63.90%64.20%

Source: UN - United Nations

 

Return to top

Working Conditions

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.
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

Return to top

Cost of Labor

Minimum Wage
XAF 28,246 per month (source: ILO, 2011).
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%.

Return to top

Social Partners

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

Return to top

Any Comments About This Content? Report It to Us.

 

Learn more about Operating a Business in Cameroon on Globaltrade.net, the Directory for International Trade Service Providers.

© Export Entreprises SA, All Rights Reserved.
Last Updates: October 2014