National Assembly: Conditions For Notary Public Services Adopted

Two bills were adopted during the plenary sitting of the National Assembly on November 29, 2016.

The National Assembly in a plenary sitting has adopted the bill to fix the minimum   registered capital and conditions for using notaries public in the establishment of limited liability companies in Cameroon and another one to authorize the President of the Republic to ratify the agreement between Canada and the Republic of Cameroon for the promotion and protection on investments, signed in Toronto, Canada, on 03 March 2014. The House Speaker, Hon. Cavaye Yeguie Djibril chaired the plenary sitting.

Government explained that passing the bill on using notaries public would mark the fulfillment of the recommendation of the Cameroon Business Forum. The bill was defended by the Minister Delegate at the Ministry of Justice, Jean Pierre Fogui. The adjustments contained in the bill are designed to ease starting a business, thereby making the national business environment more attractive to foreign and national investors. It would also contribute towards improving Cameroon’s ranking on “Doing Business” index.

The bill to authorize the President of the Republic to ratify the agreement between Canada and the Republic of Cameroon for the promotion and the protection on investments was defended by Minister Delegate at the Ministry of the Economy, Planning and Regional Development, Yaouba Abdoulaye. The agreement was signed as part of efforts to strengthen ties between the two countries and seeks to facilitate reciprocal investments. By the bill each party is encouraged to create an en...