Forestry Sector
The regime and activities of a wood exploitation company is regulated by Law No. 94/01 of 20 January 1994 to lay down forestry, wildlife and fisheries regulations in Cameroon.
Section 41 (1) of Law No. 94/01 of 20 January 1994 to lay down forestry, wildlife and fisheries regulations in Cameroon states: Any natural person or corporate body wishing to carryout forest exploitation activities shall be granted approval.
Nevertheless Forest exploitation rights may be granted only to natural persons resident in Cameroon, or to companies whose registered offices are in Cameroon and whose shareholders are known to the forestry services.
45 (2) of Law No. 94/01 of 20 January 1994 to lay down forestry, wildlife and fisheries regulations in Cameroon states that standing volume in state production forest may be sold to persons of Cameroonian nationality only, except as provided for in section 77 of same law.
58 of Law No. 94/01 of 20 January 1994 to lay down forestry, wildlife and fisheries regulations in Cameroon same law states that an Exploitation permit and individual felling authorizations may be granted only to persons of Cameroonian nationality to whom various facilities may be given by various professional groups in order to make forest exploitation more accessible to them.
Registering a Wood Exploitation Company
Registering a Wood Exploitation Company in Cameroon is easy just as registering any other type of Company and can be done at any One Stop Shop However exploitation permits are only issued by the Ministry Of Forestry And Wildlife.
In accordance with section 262 of the Uniform Act relating to commercial companies and economic interest groups of the OHADA Law, the following information is required from the company founders:
- Name of company
- Form of company (Public Limited Company or Private Limited Company)
- Objectives of the company
- Copy of shareholder(s) identification documents
- Non-crime certificate
- Company startup capital
- Copy of identification document of company Manager or General Manager
However consulting a legal expert is pivotal.
