Cameroon grants 5 to 10 years of tax and customs exemptions

Cameroon grants 5 to 10 years of tax and customs exemptions to projects financed by those who invest in Cameroon

Investing in Cameroon - On 6 August 2018, in Yaoundé, the investment promotion centre in Cameroon (Investment Promotion Agency of Cameroon - API) signed agreements with a number of economic operators implementing projects in the hospitality, agri-food and agro-forestry sectors.

These agreements will enable these operators, willing to invest 74 billion CFA in the countryto take advantage of the provisions of the 2013 law on incentives for private investment in Cameroon.

In fact, this revised law in 2017 guarantees 5 to 10 years tax and customs exemptions for companies launching their activities or already operating but wishing to extend their activities in the country.

Recall that since it came into force in 2014, the 2013 law on incentives for private investment in Cameroon has led to the signing of 157 agreements between the Cameroon and various project carriers. The planned investment under these agreements is estimated at CFA 3.324 billion, enabling the creation of approximately 55,000 direct jobs in the country.

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