Considered a lower middle-income country, Cameroon is bordered by the Central African Republic, Chad, Equatorial Guinea, Gabon, and Nigeria. It is rich in natural resources such as oil, gas and mineral ores, produces high-quality timber and its agricultural outputs include coffee, cotton, cocoa, maize and cassava. Digitalisation in Cameroon’s economy is boosting several sectors and leading to tremendous investment opportunities.
Organisations entering new emerging markets need to address complex legal, cultural and labour-related matters and are increasingly contracting with reputable partners for the purposes of outsourcing local business processes, including employment outsourcing solutions where there is a requirement to employ and payroll staff in-country, Collaborating with a specialist for the delivery of the HR outsourcing solutions required provides ultimate peace of mind.
If you expanding into Cameroon and require assistance with a range of legally compliant employment outsourcing solutions such as Professional Employer Organisation (PEO), Employer of Record, payroll, together with a range of ancillary support services, Africa HR Solutions has the necessary experience and Cameroon HR outsourcing track record to facilitate your expansion plans.
Population: 1 mn
Gross Domestic Product (GDP): $3.38 bn
GDP Growth: 6 %
Inflation: 3.48 %
Foreign Direct Investment (% of GDP): 0.1 %
Unemployment Rate: 11.1 %
Capital: Djibouti City
Currency: Djiboutian franc
Languages: Arabic, French
Cameroon’s economy is largely dependent on exporting products such as oil, gas, timber, and agricultural commodities such as cocoa and coffee. Its largest trade partner is the European Union, followed by countries including China, Malaysia, the United States, Nigeria, and Chad. Some bilateral trade agreements have been signed and several Foreign Trade Zones (FTZs) are maintained. The country’s membership in the Commonwealth and Franc Zone are aimed at facilitating trade. With the aim of improving the business environment, the World Bank continues to support Cameroon’s development in several sectors such as energy, transport and telecommunications. Other initiatives to provide greater access to public services through infrastructure development are also being implemented to build a modern Cameroon.
After the First World War, Cameroon was divided between Britain and France, then in 1961, the two colonies unified after gaining independence and became the United Republic of Cameroon.
In 1984 the country’s name was changed to the Republic of Cameroon.
There are more than 1700 different linguistic groups in the country. And 230 other languages are spoken in the region apart from its official languages – French and English.
Archaeological evidence suggests the African country of Cameroon has been inhabited by humans for at least 50,000 years.
New Year’s Day
Assumption of Mary
All employees are permitted vacation, sick and parental leave. Indefinite-term contracts can be terminated at any time by an employer, with a notice period which requires approval by the Ministry of Labour. Any employee who has worked for a minimum of two years receives severance pay, which is also determined by the Ministry of Labour. As far as taxation is concerned, all employees have to pay income tax at rates ranging between 11% and 38.5%.
If your company is looking to attract and retain leading talent in Cameroon, whether local nationals or expats, Africa HR Solutions’ legally compliant and cost-effective employment outsourcing and payroll services will enable you to fast-track your growth and market-entry strategy, whilst ensuring that employee benefit packages are competitive and in line with market expectations.
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