The republic of Cameroon is the largest economy in the Central African Economic and Monetary Community (CEMAC). In 2017, Cameroon signed the OECD Multilateral convention to combat Base Erosion and Profit Shifting (BEPS). In addition, the country is part of Global Forum on Transparency and Exchange of Information for tax purposes. Its membership comprises OCDE countries and jurisdictions, including Cameroon.  

As far as business with overseas countries are concerned, the new CEMAC Regulation n°02/18/CEMAC/UMAC/CM of December 21, 2019 organises the foreign exchange control within the region. Foreign Direct Investments must be reported to the Central Bank (BEAC) and the Ministry of finance 30 days before or after the transaction and/or its completion. The rest of the transactions or operations are either free or subject to a prior authorization. 

Download the Cameroon Tear Sheet