According to the annual World Bank ratings, Cameroon is 166 amongst 190 economies in the ease of doing business. Cameroon pursuant to being a party of the 16 African member states who signed the OHADA Treaty harmonizing business law in Africa, has taken a step further to ease doing business in Cameroon. Consequently, from 2008, doing business in Cameroon has witnessed a seemingly steady rise.
The ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operations with stronger protections of property rights. Economies with a high rank have simpler and more friendly regulations for business.
Doing business sheds light on how easy or difficult it is for a local entrepreneur to open and run a small to medium-size business when complying with relevant regulations. It measures and tracks changes in regulations affecting 11 areas in the life cycle of a business namely ;
i- starting a business.
ii- dealing with construction permits.
Iii- getting electricity.
iv- registering property.
v- getting credit.
vi- protecting minority investors.
Vii- paying taxes.
Viii- trading across borders.
ix- enforcing contracts.
x- resolving insolvency and;
xi- labour market regulation.
Doing business 2017 presents the data for labour market regulation indicators in an annex. The report does not present rankings of economies in labour market regulation indicators or include the topic on the aggregate distance to frontier score or ranking on the ease of doing business.
In doing business in Cameroon, standard assumptions are used in data collection, comparisms and benchmark are valid across economies. The data does not only highlight the extent of obstacles in doing business, they also help identify the source of those obstacles, supporting policy makers in designing regulatory reforms. We at A&P are always ready to scale our client’s business concerns in Cameroon and encourage you to not hesitate contacting us for an initial free briefing.