Hi,

It’s been a while.

Happy New Year!

Let's see what we have been into since the year started.

1. 2020 Finance Law of Cameroon
- A new tax has been imposed on hydroquinone and all products that contain this melanin decreasing chemical that is used in skin whitening products. https://openhubdigital.com/excise-duty-on-skin-whitening-products/

- Checkout some of the provisions relating to customs duties in the 2020 Finance Bill of Cameroon. https://openhubdigital.com/2020-finance-law-provisions-relating-to-customs-duties/

- See also the import benefits provided by the new Finance Bill for those who want to invest in economic disaster zones in Cameroon. https://openhubdigital.com/import-benefits-for-investment-in-cameroon/

2. Business and Contracts

This is a new development on OpenHub Digital. We will be getting frequent tips on business and law by Barrister Smith M. In his first ever legal tip on OpenHub Digital, he wrote about the importance of writing down contracts when carrying out business agreements. https://openhubdigital.com/business-contracts-in-cameroon/

3. Business tip
- If you have been planning to start a business, make sure you find out if you are ready. Checkout these 10 things that will help you know you are ready to start a business. https://openhubdigital.com/you-are-ready-to-start-a-business-in-cameroon/

- See what Leticia has for you on how to manage conflicts among employees at work. https://openhubdigital.com/coffee-roasting-business-in-cameroon/

Start, Run & Grow Your Business in Cameroon!

Have a Great Week Ahead!

OpenHub Digital

#CorporateTitles
We met for a brief business meeting and she introduced herself as the “CEO of XYZ Company”. At the end of the meeting, I discovered she did not have a registered business.

There are many out there just like her carrying corporate titles which they don’t deserve. Choosing a #corporate title doesn’t depend on you or how comfortable you are with it.

Corporate titles come with responsibilities and legal implications.

Are you sure you deserve the corporate title you have?
Click below to find out.
https://openhubdigital.com/is-your-corporate-title-the-right-one/

#FinLaw2020
Introduction of a 25000F specific stamp duty on certain documents in Cameroon.
https://bit.ly/3aRbgbx

Last Week on @OpenHubDigitaI
The proliferation of corporate titles in #Cameroon Cameroon
https://bit.ly/36ANg9g

See 5 creative ways you can get a profitable business idea in Africa.
https://bit.ly/37zmpvK

Cameroon #lawmakers impose a value-added tax on e-commerce #transactions & commissions from such transactions.
https://bit.ly/38K6N8H

Our services
- Company registration or #incorporation
- Business plan development
- Small business training & coaching
- Web design
- Digital marketing services
_ _
Start, run & grow your business in Cameroon
https://openhub.site/company

#RebootYourBusiness Training Workshop
Arm yourself with the changes and innovations in the 2020 #FinanceLaw of #Cameroon. Join us on #February 29, 2020, #Douala. Read more https://bit.ly/2Sv5GmY

Download brochure:
#English: https://bit.ly/2UFnMFy
#French: https://bit.ly/39mNeDR
#Reservation: https://bit.ly/2SD1YaK

When we were growing up, our parents usually told us not to put money in our mouths. As kids, it was easy for you to slide a coin in your mouth during play. Their greatest fear was that we could swallow the coins.
However, there's one thing they rarely told us - coins and notes are breeding places for #viruses.
With the numerous digital wallets available, especially mobile money, #Cameroonians are still to accept the use of digital cash to carry out cashless transactions.
Check out this interesting article on how dependence on cash may help spread #Coronavirus if it enters Cameroon.
The article is filled with amazing statistics. Read for yourself…
https://openhubdigital.com/coronavirus-cash-cashless-transactions/
For those who will be filing in their statistics and tax returns this month, it's time for you to understand what it's all about.
https://openhubdigital.com/statistics-tax-returns-in-cameroon/
If you plan to start a business in #Cameroon anytime soon, make sure you check out this free guide on how to register a business in Cameroon. You will find all you need to set up a business in Cameroon.
https://t.co/0wu9VspOfc
Start, Run & Grow Your #Business in Cameroon!
OpenHub Digital

Hello All,

Some tax and company formation tips that could be of help to you.


Penalties for errors that affect your tax return
https://bit.ly/2RKHeOx

How do I obtain a tax clearance certificate?
https://bit.ly/32Ne9Iu

What is a private company limited by shares?
https://bit.ly/2HgJT0q

What do I have to pay taxes on?
https://bit.ly/3hOcKFY

Are donations or gifts tax-deductible in Cameroon?
https://bit.ly/3mvR70y

Tax payment methods in Cameroon
https://bit.ly/2ZSAp1A

Components of a proper invoice in Cameroon
https://bit.ly/3cjboC2

Can a child own shares in a company?
https://bit.ly/2RLSPN2

...and many more. Don’t hesitate to share with others who may be in need of these tips.

Have a wonderful new week ahead!

#KnowYourTax #CompanyIncorporationCameroon #OpenHubDigital

Filing a #TaxReturn with zero taxes owed after an official notice in #Cameroon carries a fine. Click the link below to see what happens.
#OpenHubDigital #KnowYourTaxes #CompanyIncorporationCameroon
https://openhubdigital.com/failure-to-file-a-tax-return-in-cameroon/

https://openhubdigital.com/some-characteristics-of-a-private-company/
It’s necessary for you to know some #characteristics of a private limited #company if you plan to register one in Cameroon. Follow the link 👆🏾👆🏾
#OpenHubDigital #CompanyIncorporationCameroon #KnowYourTaxes #Cameroon

https://openhubdigital.com/caught-running-an-unregistered-business/
What if you are caught running an unregistered #business in #Cameroon.
See the fines and consequences for carrying an #economic activity in Cameroon prior to #registration.

#OpenHubDigital #CompanyIncorporationCameroon #KnowYourTaxes #incorporation

Year-end Accounting - Record All Business Expenses
Whether your business is established or you’re just beginning, tracking your business expense is a necessity.
When tracking your expenses, make sure you separate business expenses from personal expenses.

OpenHub Consulting Ltd
Call +237 699 421 947
| Company Incorporation | Business License
| Management & Accounting Services | Content Marketing

#FastTrackExcel

https://bit.ly/3ttQbOL

Compliance and legal requirements to register a company in Cameroon
Are you ready to start a business in Cameroon? I be sharing with you today the compliance and legal requirements to register a company in Cameroon.

OpenHub Consulting Ltd
Call +237 699 421 947
| Company Incorporation | Business License
| Management & Accounting Services | Content Marketing

#businesscreationinCameroon #businessincorporation

https://bit.ly/3INV6An

The taxable income as well as the income tax in Cameroon are determined based on the income from the preceding year. For example, the income earned during the 2021 financial year will be taxed in 2022.

In the above case, the year of assessment for 2021 financial year is in 2022 and the taxable period is 2021.

https://bit.ly/3pDlV2K

Year-end Accounting - Put together necessary paperwork
Most business owners juggle their year-end accounting procedures with the heavy sales and traffic they receive during the end of the year.

OpenHub Consulting Ltd
Call +237 699 421 947
| Company Incorporation | Business License
| Management & Accounting Services | Content Marketing

#DSF #StatisticalandTaxReturns #STR #yearendaccount

https://bit.ly/3HLowh8

Start preparing for your year-end accounts
As a small business, closing out the fiscal year may help you prepare better for the next one by going through relevant company data to understand the financial state of your business.

OpenHub Consulting Ltd
Call +237 699 421 947
| Company Incorporation | Business License
| Management & Accounting Services | Content Marketing

#accouting #STR

https://bit.ly/2U69Jrb

Get Your Company Registered in 7 Days in Cameroon
Get your company registered in Cameroon with us. Start up friendly, satisfied clients, deadline never missed!

OpenHub Consulting Ltd
Call +237 699 421 947
| Company Incorporation | Business License
| Management & Accounting Services | Content Marketing

#BusinessinCameroon #businessincorporation #businesslicense #BusinessRegistration #Cameroon #companyincorporatio

https://bit.ly/36WoJ4l