Have you ever wondered what importing or exporting to other countries takes? Read on to learn how to obtain an import/export license in Cameroon,
There is no doubt that international trade is very lucrative to those involved.
Are you in Cameroon looking to expand your business to the import/export sector?
Have you ever wondered what importing or exporting to other countries takes?
Read on to learn how to obtain an import/export license in Cameroon, as this may be how you get your big break into the business world.
Who can Own an Export License?
Any individual or business owner, a natural or legal person, can own an import/export license. However, it’s worth noting that some goods may be subject to authorization, license, rules of quality or packaging, or other special formalities according to their nature.
This is specified in Article 51 of the CEMAC Customs Code; the regional delegation of trade issues the import/export license.
How to Obtain an Import/Export License in Cameroon
To request an import/export license, you will need to provide the necessary documents listed below.
1. Certificate of Incorporation (or certificate of company registration)
Obtainable at the court of first instance, this document proves that the business in question is legal and operates according to the appropriate rules and regulations for businesses in Cameroon.
2. The Company’s Taxpayer’s Card
The taxpayer’s card ensures that you are up to date with paying your taxes. Each legal business in Cameroon has a unique identification number which they use to pay their taxes and other financial transactions via banks. The taxpayers’ card is obtained at Divisional taxation centers.
3. Debt Clearance Certificate (or certificate of non-indebtedness)
This certificate is issued to assure that the company has no debts that could affect its financial operations. It can be downloaded for free from the website of the Directorate of Taxation and is valid for three months.
4. Stamp and Authorized Articles of Association of the Company
The articles of association define the regulations of a company’s operations; it outlines how tasks are to be accomplished within the company, including personnel appointments and how finances are being directed and handled.
5. An Attestation of the Location of the Company
This document indicates the official location of the company’s business for the purpose of controls, verification, and follow-up.
6. Copies of Identification Documents of all Partners of the Company
Every company shareholder requesting an import license is followed up and checked for fraud and authenticity.
7. Proof of payment of subscription fee
This document shows that the company has paid the required sum (thirty-thousand francs) as a subscription fee for the import/export license they are requesting. This is obtainable from the regional delegation of the Ministry of Trade.
8. A Record of Your Criminal Extract or Certificate of Non-conviction.
In addition to these documents, and where applicable, you may be expected to present a Copy of the notice of approval to do business in Cameroon.
What are the benefits of having an import/export license?
- It prevents you from getting involved in costly and stressful legal/tax battles with other economic operators and the state.
- It eases your compliance with the provisions of international trade agreements and enhances your credibility.
- It may be useful during some financial transactions using international institutions and services like banks and trade organizations.