Web Design Services

INVESTORS RIGHTS

 

Investment protection in Cameroon

Investment protection in Cameroon is guaranteed in the provisions of the Investment Charter, particularly the international and sub-regional agreements ratified by the State of Cameroon. It also benefits from the provisions of Law No. 2013/4 of 18 April 2013 to lay down private investment incentives in the Republic of Cameroon.

The objectives of investment promotion are to encourage, promote and attract productive investments with a view to developing activities aimed at promoting strong, sustainable and shared economic growth and employment.

The provisions of the above law apply to investment operations relating to the creation, extension, renewal, reorganization of assets and/or the transformation of activities.

An investor who seeks the benefits provided for by this law is required to comply with all applicable laws and regulations.

National treatment and most-favoured-nation treatment

Governed by 194 member States including Cameroon, UNCTAD is the United Nations body responsible for promoting sustainable economic development through trade, finance, investment and technology.

To achieve this:

  • No Contracting Party shall submit in its territory investments or returns of investors of the other Contracting Party to a treatment less favourable than that which it grants, in similar circumstances, to the investments and income of its own investors or to those investors from a third country;
  • No Contracting Party shall subject in its territory investors of the other Contracting Party, in respect of the management, maintenance, use, enjoyment or disposal of their investments, to treatment less favourable than that which it grants, in similar circumstances, its own investors or investors of a third State.

 

Foreign exchange regulations

Foreign exchange regulations in Cameroon are based on Regulation No. 02/00/CEMAC/UMAC/CM of 29 April 2000 on the harmonization of foreign exchange in CEMAC member States, in force since 2 January 2004. This instrument, which replaces national regulations, is characterized by:

  • disengagement of the State from economic activities with the outside world by transfer to the authorized intermediaries of the administrative competences in the management of foreign exchange and transfer transaction;
  • abolition of the control of short-term capital movements with the abolition of administrative authorities and visas;
  • release of payments for current transactions (visible goods and services, foreign exchange allocations);
  • increased bank accountability in the execution and control of transactions.

 

Conditions for carrying out transfers transactions

  • Tourist trips: Currency allocation capped at XAF 4 million.
  • Business travel: Currency allocation capped at XAF 10 million.
  • Official mission: Currency allocation capped at XAF 4 million.
  • Travel for medical reasons: Currency allocation capped at XAF 5 million.
  • Dividends and benefits: Transfer of part of the wages of foreign workers working in Cameroon and linked to a resident employer by a contract of employment.
  • Rental income: This concerns the rents of buildings belonging to non-residents; the transfer covers an amount not exceeding 50% of the rent received.
  • Lending and borrowing: Only banks are authorized to verify and execute lending and borrowings which are not subject to authorization but to declaration with the ministry in charge of finance. These are all transactions whose outstanding amount does not exceed XAF 100 million and operations specific to banks.
  • Direct investment: Direct investment is declared for statistical purposes if the amount is less than XAF 100 million and the related transfers of funds are freely executed by authorized intermediaries.
  • Securities: In general, these are annuity securities, bonds, shares, units of foundations and beneficiary units, all securities that may, by their nature, be listed on a stock exchange, as well as all certificates representing these securities. They are also coupons, dividends, subscription rights and other rights related to said securities. The issue, exploitation, advertising and sale of foreign securities in CEMAC, for amounts exceeding XAF 10 million, are subject to prior authorization from the Ministry of Finance.

 

The safeguard clause

Cameroon has been a member of WTO and GATT since 3 May 1963. It may therefore, in accordance with the rules governing this institution, take “safeguard” measures (i.e. temporarily restrict imports of a product) to protect a domestic industry against increase in imports of a product which causes or threatens to cause serious damage to the said industry. Safeguard measures are authorized by GATT (Article XIX).

 

Competition law in Cameroon 

Competition in Cameroon is governed by Law No. 98/13 of 14 July 1998. Cameroon's commitment to developing a market economy dates back to the dawn of the 1990s. Putting this commitment into practice led to the implementation of liberalization policies, structural economic reforms, etc. The supplementary aspect of these policies concerned the adaptation of economic governance. It has resulted in the establishment, as a first step, of many institutions dedicated to the protection and enforcement of property rights and the execution of contracts and, secondly, through the creation and the entry into operation of "market control" institutions whose role is to protect the interests of consumers and to guarantee the expression of market forces through appropriate supervision of the behaviour of the stakeholders.

 

International agreements, intellectual property and market access

Cameroon is a member of the African Intellectual Property Organization (OAPI), the Central African Economic and Monetary Community (CEMAC), the Commonwealth and the Economic Community of Central African States (ECCAS).

Tariff commitments for goods are included on the lists of concessions concerning the goods. Through these lists, Cameroon has undertaken not to apply tariffs higher than the indicated rates which are "consolidated". Non-tariff measures are dealt with in specific WTO agreements.

Cameroon has ratified AGOA and MIGA, and is also a member of ICSID and the International Chamber of Commerce.

 

Standards

In conjunction with the relevant public and private administrations and organizations, the Standards and Quality Agency contributes to the development and implementation of government policy in the field of standardization and quality in Cameroon. The list of Cameroonian standards made compulsory is shown in the following table:

 

LIST OF CAMEROONIAN STANDARDS WHOSE APPLICATION IS MANDATORY

 

 No.

 Technical regulation reference

 Field of activity

 

No.

Reference of the continuous Cameroonian standards in the technical regulation

1

Order No. 20/MINDIC/DDI/CNQ of 21

August 2000 to approve the standard for jute bags used on the national territory

 

 

 

 

 

 

 

 

 

 

 

Technology and food products

1

 

2

Order No. CF 2/MINDIC/CAB of 6

January 2004, making the bread standard mandatory throughout the national territory

2

NC 213: 2003, Bread Standard

 

 

 

3

 

 

 

Order No. 29/MINIMIDT/CAB/ of 26

March 2007 rendering mandatory the standards approved by Technical Committee CT02 on 16 January and 22 February 2007

3

NC 09: 2001-02, Rev.1 (2007) Standard for fruit juices

4

NC 11: 2001-02, Rev.1 (2007) Sugars

5

NC 10: 2001-02, Rev1 (2007) Standard of fruit nectars

6

NC 15: 2001-0, Rev.1 (2007) Jams and jellies

7

NC 206: 2003-02, Rev.1 (2007) Refreshing drinks without alcohol

8

NC 208: 2003-02, Rev.1 (2007) Alcoholic cereal-based beverages

9

NC 209: 2003-02, Rev.1 (2007) Wine

10

NC 211: 2003-02, Rev.1 (2007) Appetizers based on wine products

11

NC 05: 2001-02, Rev.1 (2007) Natural mineral water

12

NC 207: 2003-02, Rev.1 (2007) Drinking water for human consumption

13

NC 06: 2001-02, Rev.1 (2007) Recommended International Code of Hygienic Practice for the Collection, Operation and Marketing of Natural Mineral Waters

 

     

 

 

 

 

 

 

 

4

 

 

 

 

 

 

 

 

Order No. 331/MINIMIDT/SG/DNQ/CNQ/CJ of 11 March 2009 to render mandatory the standards of food products

 

14

CN 64: 2001-02, Code of hygiene practice for dried fruit

15

NC 20: 2001-02, Vegetable juices

16

NC 12: 2001-02, Honeys

17

NC 14: 2001-02, Fruit nectar mixtures

 

18

 

CN 17: 2001-02, International user code recommended for packaging and transport of fresh fruits and vegetables

19

CN 29: 2001-02, Recommended International Code for dried fruits hygiene

20

CN 92: 2002-03, Rice

21

NC 73: 2002-03, Margarine

22

NC 75: 2002-03, Minarine

23

CN 77: 2002-03, Vegetable oils with a specific name

24

NC 76: 2002-03, Mayonnaise

25

NC 214: 2004-03, Cookies

26

NC79: 2002-03, Recommended International Code of Practice for the Storage and Transport of Edible Oils and Fats in Bulk

 

 

27

NC 98: 2002-03 Recommended International Code of Hygienic Practice for Peanuts (Peanuts)

 

 

 

28

NC 115: 2002-04 General standard for the use of dairy terms

29

NC 116: 2002-04 Standard for butter

30

NC 118: 2002-04 Rev (2008) Standard for concentrated milk

31

NC 119: 2002-04 Rev (2008) Standard for sweetened condensed milk

32

NC 120: 2002-04 Standard for cheese

33

NC 121: 2002-04 Standard for whey cheese

 

34

NC 122: 2002-04 Standard for processed cheese and processed cheese for spreading with a variety name

35

NC 123: 2002-04 Standard for processed cheese and processed cheese for toast

 

36

NC 124: 2002-04 Standard for processed cheese and processed cheese preparations

37

NC 125: 2002-04 Standard for cream for direct consumption

38

NC 126: 2002-04 Standard for yogurt

(yoghurt) and sweet yogurt (sweet yoghurt)

39

NC 127: 2002-04 Standard for flavoured yogurt (yoghurt) and heat-treated products after fermentation

40

NC 130: 2002-04 Rev.1 (2008) Standard for milk powder and cream powder

41

NC 128: 2002-04, Standard for whey powders

42

NC 190: 2002-04 Infant formula

 

 

43

NC 153: 2002-04 Canned sardine products

44

NC 164: 2002-04 Recommended International Code for Fresh Fish

 

45

CN 165: 2002-04 Recommended International Code of Practice for Canned Fish, Shellfish and Molluscs (canned)

46

NC 166: 2002-04 Recommended International Code of Practice for Frozen Fish

47

NC 167: 2002-04 International User Code Recommended for Shrimp

48

CN 170: 2002-04 Recommended International Code for Smoked Fish

49

NC 171: 2002-04 Recommended International Code for Salted Fish

 

50

CN 172: 2002-04 Recommended International Code for Minced Meat Prepared by Mechanical Separation

51

CN 173: 2002-04 Recommended International Code of Practice for Crabs

52

NC 174: 2002-04, International User Code Recommended for Fishery Products Frozen, Battered and/or Battered

 

 

 

53

NC 175: 2002-04 Corned beef

54

NC 176: 2002-04 Luncheon meat

55

NC 177: 2002-04 Cooked ham

56

NC 178: 2002-04 Cooked pork shoulder

57

NC 180: 2002-04 Broths and consommés

58

CN 183: 2002-04 Recommended International Code of Hygienic Practice for Fresh Meat

59

CN 184: 2002-04 Recommended International Code of Hygienic Practice for Processed Meat and Poultry Products

60

CN 185: 2002-04 Recommended International Code of Hygienic Practice for the Processing of Poultry

61

NC 186: 2002-04 International Code of Practice Recommended for Game Hygiene

 

 

62

CN 187: 2002-04 Recommended International Code of Practice Recommended for Production, Storage And Composition of Mechanically Separated Meat and Poultry Meat for further Processing

63

NC 191: 2002-04 Diversified baby foods

64

CN 194: 2002-04 Labelling and claims for pre-packaged dietary and diet foods

 

 

65

NC 197: 2002-04 Food preparations used in diets

 

66

NC 198: 2002-04 Food preparations used in diets with very low energy content

67

NC 215: 2004-09 Management of quality and safety in transport

 

68

NC 233: 2004-17 Code of practice for pre-cooked food and catering

69

NC 216: 2004-17 Management and customer service in the hotel industry

 

70

NC 30: 2001-20 Recommended international codes of practice. General principles of food hygiene

71

NC 31: 2001-20 General standard for food additives

 

72

CN 39: 2001-20 Code of practice of hygiene for spices and dry aromatic plants

 

73

CN 42: 2001-20 Guidelines for visual inspection of consignments of canned foods as to unacceptable defects

74

NC 38: 2001-20 Guidelines on nutrition labelling

75

NC 74: 2002-03 Virgin and refined olive oils and refined olive-pomace oil

     

 

5

Joint Order No. 2366/MINSANTE/ MINIMIDT/MINCOMMERCE of 24 August 2011 to render mandatory the standards of vegetable oils with a specific name, fortified with vitamin A

 

 

76

 

NC 77: 2002-03, Rev1. (2011) Vegetable oils with a specific name, enriched with Vitamin A

 

6

Joint Decree No. 2369/MINSANTE / MINIMIDT / MINCOMMERCE of 24August 2011, making the standard on wheat flour, fortified with folic acid, zinc and vitamin B12 mandatory

 

77

 

NC 01: 2000-03, Rev 1 (2011) Wheat flour fortified with iron, folic acid, zinc and vitamin B12

 

 

 

 

 

 

07

 

 

 

 

Joint Order No. 003679/MINMIDT/MINCOMMERCE of 21 August 2012 making mandatory the standards below

78

CN 04: 2000-20 Labelling of pre-packaged foods in Cameroon

79

CN 33: 2001-20 General guideline for use of the term "Halal"

80

NC 40: 2001-20 Irradiated foods

 

81

CN 41: 2001-20 Guideline content for acrylonitrile and vinyl chloride monomer in food and food packaging materials

 

82

CN 43: 2001-20 Principles for inspection and certification of food imports and exports

83

NC 63: 2001-20 Bread improvers

     

8

Joint Order No. 6011/ MINMIDT / MINCOMMERCE / MINSANTE/ of 12 September 2014 rendering the standard for spirits NC 210: 2014-48 mandatory

 

84

NC 210: 2014-48 Spirits

 

 

 

 

9

 

 

 

Order No. 557/MINIMIDT/CAB/ of 19 April 2010 rendering obligatory the standards below

 

 

 

 

 

 

Construction and public works and civil engineering

 

85

NC 234: 2009-06 Cement specification

86

NC 235: 2009-06 Cement - compliance assessment criteria

87

NC 236: 2009-06 Steels for Reinforced Concrete:

Concrete iron (wire rod)

88

NC 237: 2009-06 Steel reinforcements for concrete: Fastening wire

89

NC 238: 2009-06 Concrete steel reinforcements: welded wire mesh

 

10

Joint Order No. 216/MINMIDT/ MINCOMMERCE of 20 June 2012 rendering mandatory the standards below

 

90

NC 100: 2002-06 Aluminum alloy sheet standard

 

91

NC 101: 2002-04 Standard for coated steel sheet

Joint Order No. 2360/MINEE/MINMIDT of 1 April 2015 to amend and approve jet A1

 

93

 

-

Joint Order No. 2360/MINEE/MINMIDT of 1 April 2015, to amend and approve super gasoline

 

94

 

-

Joint Order No. 2360/MINEE/MINMIDT of 1 April 2015 to amend and approve Gasoil

 

95

 

-

Joint Order No. 2360/MINEE/MINMIDT of 1 April 2015 to amend and approve fuel oil 1500

 

96

 

-

Joint Order No. 2360/MINEE/MINMIDT of 1 April 2015, to  amend and approve fuel oil 3500

 

97

 

-

Joint Order No. 2360/MINEE/MINMIDT of 1 April 2015, to amend and approve Liquefied Petroleum Gas (LPG)

 

98

 

-

 

12

Joint Order No. 2166/MINIMDT/MINEE of 20 June 2012 rendering the standard of commercial butane gas cylinders compulsory NC 02: 2008-08, Rev. (2011)

 

99

 

NC 02: 2000-08, Rev.1 (2011) Commercial butane gas cylinders

 

13

Joint Order No. 2164/MINIMDT/MINEE of 20 June 2012 rendering mandatory the standard for low-voltage electrical installations NC 244 C 15 100: 2001-08

 

100

 

NC 244 C 15 100: 2011-08, Low voltage electrical installations

     

 

 

14

Order No. 47/CAB/PM of 26 May 2015 to lay down conditions for the handling, storage and transport by pallet of liquefied petroleum gas (LPG) cylinders in Cameroon

 

101

CN 1728: 2015 Gas cylinders - handling safety (Articles 5, 6 and 7)

102

NC 818, Pallet standards for commercial butane bottles transport

 

 

 

 

 

 

 

 

 

15

 

 

 

 

 

 

 

 

Order No. 499/MINIMIDT/SG/DNQ/CNQ/CJ of 11 January 2010 making the standards of cosmetic products compulsory

 

 

 

 

 

 

 

 

 

Chemical engineering

103

NC 802 General standard of toothpastes

104

NC 803 Standard for toilet soaps

 

105

CN 814 Specific standard for cosmetic and personal hygiene products: Lightening cares

106

CN 813 Specific standard for cream-milks-lotions-ointments and talcs

107

NC 815 Specific standard for perfumes

108

NC 816 Specific standard for shampoos

109

NC 804 General standard for the labelling of cosmetic products

 

110

NC 805 Guidelines on allegations acceptable for advertising and labelling of cosmetics

 

111

NC 806 Cameroon standard guidelines for good practice and manufacture of cosmetics

112

NC 801: General standard for cosmetic products

 

113

CN 810 Cameroon standard for cosmetics-microbiology-general instructions for microbiological examinations

114

NC 808 Cameroon standard for cosmetic microbiology detection of Escherichia coli

 

 

 

 

 

115

NC 807 Cameroon standard for cosmetics-microbiology enumeration and detection of mesophilic aerobic bacteria

 

116

NC 809 Cameroon standard for cosmetics-microbiology-detection of Staphylococcus aureus

117

NC 811 Standard for research and detection of Candida albicans

 

118

CN 812 Cameroon standard for cosmetics-microbiology looking for Pseudomonas aeraginosa

 

 

16

 

Order No. 273/MINIMIDT/SG/DNQ/CNC/CJ of 29 October 2008 making mandatory the standards approved by CT12 on 6 May 2008

 

 

Industry

119

NC 239: 2008-12 Toilet papers

120

NC 240: 2008-12 Exercise books and related articles

121

NC 241: 2008-12 Napkins

122

NC 242: 2008-12 Facial tissues and cleansing tissue

123

NC 243: 2008-12 Household paper towels