Cameroon Moves 3 Points Up On World Bank Ease Of Doing Business 2018 Report

The World Bank today Tuesday Oct. 31st, 2017 has said Cameroon now ranks the  163 position, out of 190 countries in the 'Ease of Doing Business' index for 2018.

The World Bank stated this in its just released Ease of Doing Business(DB) report titled "Doing Business 2018:
Doing Business reform making it easier to do business."

The report stated that Cameroon has moved up by 3 points, from the 166th position in 2017 to 163 in the 2018 report.

DB2018 reveals that Cameroon made starting a business easier by reducing the pain-in minimum capital requirement to 100 000F CFA, and by improving access to credit information by launching a credit registry.

However, in 2017, the report said:
 Dealing with Construction Permits: Cameroon made dealing with construction permits easier by reducing the time it takes to obtain the building permit and strengthen the Building Quality Control Index by increasing transparency.
 Paying Taxes: Cameroon made paying taxes more costly by increasing the minimum tax rate for companies.
 Resolving Insolvency: Cameroon made resolving insolvency easier by introducing a new conciliation procedure for companies in financial difficulties and a simplified preventive settlement procedure for small companies.
New Zealand tops  DB2018 list. 

Disclaimer: The contents of this website are for general information purposes only. They do not constitute our legal or professional advice. Readers are advised not to act on the basis of the information contained herein alone. Every situation depends on its own facts and circumstances. We accept no responsibility for any loss or damage of whatsoever nature which may arise from reliance on any of the information published herein without consulting a professional legal practitioner.

Slider Parnert

What Are the Benefits and Reasons For Registering a Business?
While at face value it seems registering a company is not a necessity, years of research has proven that it is indeed important.
In fact, your success in business may actually depend on it.

Chat with WhatsApp

Expert Company Registration!

Henriette Thatcher's Lounge Online
Welcome To Henriette Thatcher's Lounge, The Gist Palace For You, About You, For Me, About Me, For Them, About Them and For Us, About Us All. Our World, Our Way, By Us and For Us! Social Media Manager
Chat with WhatsApp