Investments Charter

In its desire to build a competitive and prosperous economy through the development of investments and savings, and in execution of the objectives of its economic and social action, the Republic of Cameroon sets the following guidelines:

  • The reaffirmation of the choice of the market economy as the preferred mode of economic organization;
  • Reaffirming the essential role of the State in promoting economic and social development
  • Recognition of the key role of the entrepreneur, the investor and the private enterprise as crucial factors in the creation of wealth and jobs which must be the subject of particular attention from not only the the entire state apparatus, but also, of all of society;
  • The commitment to preserve freedom of enterprise and freedom of investment;
  • The commitment to maintain a healthy macroeconomic framework;
  • The commitment to ensure flexibility and reversibility of decision-making processes in the direction of strengthening the competitiveness of the economy;
  • The clarification of the role of the State and institutions in economic and social matters, as a collective actor seeking the full employment of national resources through appropriate actions and taking into account the strengths and weaknesses of the market, the private sector and society civil, with regard to the rule of law and good governance;
  • Refocusing and strengthening the role of the university and the national scientific and technical research system as a critical factor in the transformation and control of economic and social structures;
  • The promotion of entrepreneurship as an engine for developing the creativity potential of Cameroon, a prerequisite for the creation of viable and competitive businesses and a determining factor for the lasting resolution of the problem of unemployment and poverty;
  • The safeguarding of the ecological environment and the rational exploitation of the natural resources of the soil and the subsoil with a view to healthy and sustainable development;
  • The promotion and active facilitation of investments and exports consistent with the enhancement of entrepreneurial potential;
  • Taking into account specific or particular sectors which require specific measures, taking into account the constraints linked in particular to operating conditions and the development of local natural resources;
  • The concern to establish an appropriate institutional and regulatory framework, guaranteeing investment security, support for investors and the fair and prompt settlement of disputes over investments and commercial and industrial activities;
  • The need to have an adequate financial system allowing efficient financial intermediation and, in particular, ensuring a good mobilization of savings and its orientation towards the most productive activities and towards high-yield investments;
  • The advantage of having a reliable and efficient information system using the new information and communication technologies;
  • The commitment to make effective all necessary measures recommended by the coordination and supervision bodies created by this law establishing the Charter of investments in the Republic of Cameroon;
  • The commitment to promote a real partnership between the State, the private sector and civil society as a condition for seeking better overall economic efficiency;
  • The establishment of an incentive and attractive tax system for investors which would take into account, on the one hand, the specificity and taxation of production equipment and, on the other hand, the requirements of competitiveness in export.

DEFINITION

Any Cameroonian or foreign natural or legal person, resident or non-resident, who acquires an asset in the exercise of their activities in anticipation of a return is considered to be an investor within the meaning of this law.

An asset held by an investor, in particular:

  • A company
  • Shares, capital shares or other equity interests in a company
  • Bonds and other debt securities
  • Monetary claims
  • Intellectual property rights
  • Rights under medium and long-term contracts, in particular management, production and marketing contracts
  • Rights conferred by law and regulations including concessions, licenses, authorizations or permits

Any other tangible or intangible asset, movable or immovable, all related property rights.