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BUSINESS FREEDOM — 37.2The overall freedom to establish and run a business is seriously limited by Cameroon’s regulatory environment.Obtaining a business license requires 15 procedures, compared to the global average of 18, but takes much longer than the world average of 218 days. TRADE FREEDOM — 59.7Cameroon’s weighted average tariff rate was 12.7 percent in 2007.Other taxes include a value-added tax (VAT), a transfer tax on businesses sold, a property tax, and an inheritance tax.In the most recent year, overall tax revenue as a percentage of GDP was 10.8 percent.Cameroon has been ranked 132nd (with 52.3 pts) out of 179 countries in the 2010 Economic Freedom Index: compiled by The Wall Street Journal and Heritage Foundation.
With this in mind, here are five tools to help you approach the year ahead – and your partner search – with a healthy, happy state of mind.According to the report on Cameroon, "Cameroon faces challenges common to developing African nations: inefficient bureaucracy, an unreliable legal system, and poor infrastructure.Restrictive regulations hurt employment and productivity growth.Fifteen points were deducted from Cameroon’s monetary freedom score to adjust for measures that distort domestic prices.INVESTSTMENT FREEDOM — 35The government permits 100 percent foreign equity ownership. Corruption, cumbersome bureaucracy, and decision-making delays burden investment.