Loi n°2013/004 du 18 avril 2013 fixant les incitations à l'investissement privé en République du Cameroun
In forceLoi n°2013/004 du 18 avril 2013
Effective 2013-04-18 · Applies to private
Cameroon's general private-investment incentives law, adopted by the National Assembly and promulgated by the President on 18 April 2013, later amended by Loi n°2017/015 du 12 juillet 2017.
It aims to favour, promote, and attract productive investment to develop activities oriented toward strong, sustainable, and shared economic growth and employment, and applies to investment operations involving the creation, extension, renewal, restructuring of assets, or transformation of activities by a Cameroonian or foreign, resident or non-resident, natural or legal person; it excludes sectors already governed by particular texts, notably the upstream petroleum sector, mining, and gas, as well as the general regime of partnership contracts.
An investor must hold an agrément (article 18), granted by the minister in charge of private investment on the finance minister's concurring opinion (article 19), to claim any incentive.
During an installation phase of up to five years from the agrément, the investor is exempted from registration duties on incorporation or capital-increase acts, registration duties on professional-use property leases and transfer duties on property acquired for the programme, VAT on foreign-sourced project-setup services, business licence tax (patente), and customs duties and import VAT on programme equipment, with direct customs removal of that equipment (article 6).
During an operating phase of up to ten years, the investor may obtain exemptions or reductions on the minimum-perception tax, corporate income tax, tax on income from movable capital on dividends, the special tax on income paid to foreign service providers during project development and construction, and customs duties on imported equipment, construction materials, and consumables without a local equivalent, plus a five-year loss carry-forward (article 7).
Non-compliance with the agrément's conditions draws administrative, tax, and financial sanctions, from a formal notice through a fine to withdrawal of the agrément, applicable only after a 30-day formal notice goes unanswered (articles 27-28); the law itself states no fixed fine amounts.
Source: Full text of law