Page 344 - Atouts Economiques Cameroun-2019-GB
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n A detailed table stating the nominative contribution to capital.
n A copy of the creation decision of the com- pany or a copy of the increase in capital.
n A form describing the social status.
n The balance sheet, profit and loss account, the audit reports of the last three years after the investment of more than
100 million CFA Franc.
n The balance sheet and the estimated profit and loss account for the creation of the company.
The achievement and liquidation of direct invest- ments, (be they CEMAC investments abroad or the reversal) must be declared to the Ministers of Finance and of BEAC 30 days after each operation.
The state guarantees every moral or physical non- resident in Cameroon, the right to freely transfer all forms of income resulting from invested capital , in case of termination of activities, the profit of the liquidation or termination of investment pro- vided that the investor is in good standing with the taxation administration.
All funds transfer within the CEMAC zone are sub- ject to a transfer commission which is determined by a free play of freely competition and does not exceed 0.25% of Value Added Tax (VAT) and any other specialised tax. This profit is the exclusive right of the approved intermediary once he uses the channel of his external connections for the conclusion of the operations. On the contrary, this profit is shared equally with BEAC , when BEAC ensures the transfer of this operations.
All transfers to foreign destinations are subject to a transfer fee of not more than 0.50% with the exclusion of turnover tax and other specific tax. All other transactions with bank cheques and other means of international payment but for Travellers cheques are assimilated to transfers.
Finally, provision has been made for a manual exchange, which includes all charges related to manual exchange in addition to the intermediate margin whose value does not supersede 4% for the Franc zone notes and 10% for the other currencies turnover tax and all other specific tax exclusive.
On the contrary, all importation of currencies by BEAC is completely tax free. Those undertaken by approved intermediaries (Credit institutions, PTT and exchange offices ) are available with a manual stamp duty of 0.01 of their tax value.
The dispatch of funds to whatever destination and the manual exchange operations undertaken by BEAC on behalf of the Treasury Account and the National Public Accountants are exempted of the afore mentioned commissions.
All transfers to foreign destinations are subject to a transfer fee of not more than 0.50%
Transfers from payroll income of non-residents are tax free based on the principle of non-appli- cability for the exchange regulations within CEMAC zone on the rules of current transac- tions provided the non-residents present a pays- lip or work contract.
Foreign resident wage-earners are free to transfer a quota of their net salary out of the CEMAC zone provided they present their payslips, considering that all requests for justifiable trans- fers geared at addressing family needs will be satisfactory. Transfer of income out of the CEMAC zone in the form of profit, dividends, interests, dues etc... by non-residents are equally free provided the basic transaction was authori- sed or is not submitted to an authorisation.
This implies while respecting the laws and regu- lations governing exchange and bank opera- tions, the states guarantees the freedom to trans- fer beyond the national territory, funds which cor- respond to normal and current payments of fur- niture and services delivered specifically in the form of dues or other rewards.
All non-member states of CEMAC are considered as foreigners while any entity is also said to be resident if and only if, it’s major economic centre is located within the CEMAC zone.
Nonetheless, residents of other Franc zones are assimilated to the CEMAC countries but for the treatment of gold related operations, certain loans and direct investments and operations that relate to the foreign real estate value alongside operations of exportation and return of their profits.

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