| LLC | PLC | Free Zone Company | Rep Office | Branch Office | |
|---|---|---|---|---|---|
| Local Name | SARL | SA | Sociétés à Responsabilité Limitée | Bureau de Liaison | Succursale |
| Company Setup Time | 20 days | 20 days | 20 days | 20 days | 20 days |
| Bank Account Opening | 15 days | 15 days | 15 days | 15 days | 15 days |
| Government Grants Available | Yes | Yes | Yes | No | No |
| Government Contracts Bidding | Yes | Yes | Yes | No | No |
| Legal Liability | Yes | Yes | Yes | No | No |
| Client Required to Travel | No | No | No | No | No |
| Inquiry | Inquiry | Inquiry | Inquiry | Inquiry |
Corporate Structure Explained
Cameroon Limited Liability Company (SARL)
- A SARL must have at least one resident director and one shareholder of any nationality. The shareholder can be a person or a company. A minimum share capital of USD 1.900 is required to complete the incorporation process.
- A Cameroon Limited Liability Company must appoint a statutory auditor to verify its accounts if the capital exceeds USD 19,000, the annual turnover is more than USD 477,000 or more than 50 employees.
Cameroon Public Limited Company (SA)
- The PLC must appoint at least one shareholder and one resident director who can be of any nationality in order to be incorporated. The shareholder can be a person or a legal entity from any country. A minimum share capital of USD 19,000 is required to complete the incorporation process. If the company needs to be publicly listed, a higher share capital of USD 190,000 is required.
- An auditor must be appointed to verify and audit the accounts of the company. If the company is listed on the DSE (Douala Stock Exchange) market, two additional auditors must be appointed.
Cameroon Branch (Succursale)
- A branch can be involved in several business activities, but it must be within the scope of its parent company. The branch must appoint at least one director, who can be of any nationality, to oversee the operations of the company.
- The auditor is required to check the branch accounts if the share capital exceeds USD 19,000, the annual turnover exceeds USD 477,000 or there are more than 50 staff members.
Cameroon Representative Office (Bureau de Liaison)
- A representative office is not allowed to conduct any direct sale in the local market. This entity is only permitted to conduct market survey/research and promote the parent company’s business.