Page 346 - Atouts Economiques Cameroun-2019-GB
P. 346

Every stopover on any port of Cameroon by a foreign ship automatically births a call account in the books of the consignee set-up over the terri- tory of the country.
This opening is not subject to the authorisation previously issued by the competent services of the Ministry of Finance. On one hand, the call account enables the registration of income and expenditure incurred by a foreign ship. On the other hand, the consignees are autho- rised to handle the expenses of a well defined stopover through the income streaming towards that same stopover and they can also place and order on foreign shipping should these funds be insufficient. These compensa- tions and advances can only be effected within the call account.
Finally, the consignees obtain from the Direction of Economic Control and External Finance, the authorisation to transfer the net amount that the foreign ship owners are due. These authorisa- tions cannot cover operations which do not figure in the Call Account precisely:
• The freight of goods to and fro the Franc zone and paid at the arrival of the ship. Irrespective of the contract for the sales of goods, the freight of goods shipped to and fro a foreign country with the exception of Franc zones which are paid either at the arrival or departure of the ship, wha- tever be the sales contract for goods:
• The freight of goods from the Franc zone which are paid at the departure of the ship:
• The price of the passengers’ tickets received by the consignee and delivered to passengers who board the ship during the stopover and for which the account has been created.
• The provision resulting from the foreign arms.
In case where the currency for regulation is sub- ject to special treatment with regards to the finan- cial relationship between Cameroon and desti- ned country, the credit balance of the Call count is transferable.
The normal and current list for transfer of capital is not exhaustive. All it requires is for the applica- tions to be supported by all justifications which so as to ensure and facilitate the reality and amount of an operation, the identity of the giver of order and the beneficiaries.
This is same for the operating profits and other incomes on capital whose transfers are executed based on the availability of balance sheet and all appropriate accounting documents. Transfers worth 70% of profits tax declared the previous year or the lump sum from contributions and non –resident craftsmen who may not be able to issue a balance sheet and appropriate account docu- ments could also be approved.
Foreign direct investments in the CEMAC zone are beyond 100 million CFA Francs

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