Get a Buyer's Permit

Is the CEMAC Buyers Permit Real or a scam?

To purchase gold and many other precious stones in Cameroon, an obligatory buyers permit registration is required. This is issued by the government only, precisely the Ministry of Mines, Industries and Technological Developments abbreviated in french MINMIDT meaning Ministère des Mines, des Industries et des Développements Technologiques.

If you are not currently in Cameroon, obtaining the Buyer’s Permit won’t be a problem at all since you can do it directly online.The Buyer’s Permit is valid for a period of one(1) year

The primary purpose of the Buyer’s Permit issued is to authenticate the buyer and give him/her the legal right to purchase gold and other minerals in Cameroon.

CEMAC PERMIT COST PER YEAR

Estimated Cost of the CEMAC Gold Buyer’s Permit

The cost of obtaining a CEMAC Gold Buyer’s Permit in Cameroon can vary based on several factors, including the scale of your operations, the type of business entity, and any additional fees that might be applicable. Here is a detailed overview of the potential costs and fees involved in acquiring this permit:

Estimated Cost of the CEMAC Gold Buyer’s Permit

Application Fee:
- Range: XAF 100,000 to XAF 500,000 (approx. $170 to $850)
- Purpose: This non-refundable fee covers the processing of your application and initial evaluation.
Permit Fee:
- Range: XAF 1,000,000 to XAF 3,000,000 (approx. $1,700 to $5,100)
- Purpose: This is the actual cost of the permit, which grants you the legal authority to buy, sell, and trade gold within the CEMAC region.
Renewal Fee (if applicable):
- Range: XAF 500,000 to XAF 1,500,000 (approx. $850 to $2,550)
- Purpose: Permits generally have a validity period of one year, after which they must be renewed. Renewal fees can vary based on the updated regulations and compliance requirements.
Security Bond:
- Range: XAF 2,000,000 to XAF 5,000,000 (approx. $3,400 to $8,500)
- Purpose: Some regions may require a security bond to ensure compliance with local laws and to cover potential liabilities. This bond acts as a financial guarantee of your operations.
Legal and Consultancy Fees:
- Range: XAF 500,000 to XAF 1,000,000 (approx. $850 to $1,700)
- Purpose: Engaging legal experts or consultants can help navigate the complex application process, ensuring compliance with all regulatory requirements.
Additional Costs:
- Documentation and Translation: Costs for preparing and translating legal documents, if required.
- Transportation and Logistics: Fees for transport and handling if physical submissions or inspections are necessary.

Breakdown of Costs

Expense Type	Estimated Cost (XAF)	Estimated Cost (USD)
Application Fee	100,000 – 500,000	170 – 850
Permit Fee	1,000,000 – 3,000,000	1,700 – 5,100
Renewal Fee	500,000 – 1,500,000	850 – 2,550
Security Bond	2,000,000 – 5,000,000	3,400 – 8,500
Legal and Consultancy Fees	500,000 – 1,000,000	850 – 1,700
Total Estimated Cost	4,100,000 – 11,000,000	7,000 – 18,700

WITH THAT 7000$ FEE For TAXES PORTION or PERMIT YOU CAN BUY

For Gold: 1 to 500 kg

For Rough Uncut Diamonds:
201-500 Carat

Conclusion

If you’re looking to buy a CEMAC permit, it’s important to know the price of each type. This will help you make decision about the cost and directives when buying gold in Cameroon. contact us for assistance, beware of scammers using different prices and fake ministry websites.