tax and customs exemptions

Since 2014, Cameroon has granted tax and customs exemptions to 157 projects

Investing in Cameroon - Since 2014, Cameroon has granted tax and customs exemptions to 157 projects with a total investment of FCFA 3 424 billion

nestle cameroonThe April 2013 law on incentives for private investment in the Republic of Cameroon, has already resulted in the signing of 157 agreements between the State of Cameroon and various promoters of investment projects in the country, reveals the Investment Promotion Agency (API). country, reveals the Investment Promotion Agency (API).

The total investments expected from the various agreements signed since 2014 are estimated at 3,424 billion CFA francs, with 55,000 direct jobs to be created, says the same source.

Recall that this law is intended to entice investors, it grants companies tax exemptions ranging from 5 to 10 years, both during installation and production.

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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 Cameroon Investment Promotion Centre (Cameroon Investment Promotion Agency - API) signed agreements with a number of economic operators implementing projects in the hospitality, agribusiness and agroforestry sectors. These agreements will allow these operators, willing to invest CFA 74 billion in the country, to take advantage of the provisions of the 2013 law on incentives for private investment in Cameroon. In fact, this law revised in 2017 guarantees from 5 to 10 years tax and customs exemptions to 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 Cameroon and various project carriers. The expected investment under these agreements is estimated at CFA 3.324 billion , enabling the creation of about 55,000 direct jobs in the country. africaaedic.eu

Investing in Africa - Cameroon grants 5 to 10 years of tax and customs exemptions

tax exemption in cameroonInvesting in Africa Cameroon - Tax cuts for those investing in the country 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 CFA 74 billion in the countryto take advantage of the provisions of the 2013 law on incentives for private investment in Cameroon.

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