Home Buy Gold from Africa Is It Legal to Buy Gold in Cameroon? Laws, Licenses & Export Rules

Is It Legal to Buy Gold in Cameroon? Laws, Licenses & Export Rules

Is It Legal to Buy Gold in Cameroon? Laws, Licenses & Export Rules

Is Buying Gold Legal in Cameroon?

Yes, buying gold in Cameroon is legal, but it is strictly regulated by national mining laws, licensing frameworks, and export control rules. Both local and international buyers must comply with Cameroon’s mining code, export licensing requirements, and anti-money laundering (AML) regulations to ensure the transaction is lawful and internationally accepted.

We also explain how Bonasgold Mining Corporation, a licensed Cameroonian supplier, structures compliant transactions for global buyers.

Cameroon Mining Laws Governing Gold Trading

The Legal Framework

Gold mining and trading in Cameroon are regulated under the Cameroon Mining Code, administered by the Ministry of Mines, Industry and Technological Development (MINMIDT).

Under the law:

  • Gold is classified as a strategic mineral resource
  • Exploration, mining, buying, and exporting gold require authorization
  • Informal or unlicensed gold trading is illegal

Only individuals or companies holding valid mining, purchasing, or export permits may legally sell gold.

Artisanal vs Industrial Gold Mining

Cameroon recognizes two main gold production channels:

  • Artisanal and small-scale miners (licensed locally)
  • Industrial mining companies (corporate mining licenses)

Licensed buying houses and exporters, such as Bonasgold, aggregate gold from authorized miners and prepare it for legal export.

Learn more about the types of gold sold in Cameroon including dust, nuggets, dore bars, and refined bullion: https://bonasgold.net/types-of-gold-sold-cameroon/

Who Can Legally Sell Gold in Cameroon?

Authorized Gold Sellers

Only the following entities can legally sell gold in Cameroon:

  • Licensed mining companies
  • Registered gold buying houses
  • Government-authorized exporters

Bonasgold Mining Corporation operates as a registered African gold trader and exporter, sourcing gold directly from licensed miners in Cameroon.

Forms of Gold That Can Be Sold Legally

Legal gold products include:

  • Gold dore bars
  • Gold dust
  • Raw gold nuggets
  • Unrefined gold ore
  • Refined gold bars (999.9)

Explore Bonasgold’s verified gold products:

Export License Requirements for Gold from Cameroon

Is an Export License Mandatory?

Yes. No gold can leave Cameroon without an official export license issued by the competent authorities.

An export license confirms:

  • The gold was legally mined
  • All taxes and royalties are paid
  • The exporter is authorized
  • The shipment complies with international trade laws

Supporting Export Documentation

A legal gold export typically includes:

  • Mining source declaration
  • Export permit
  • Commercial invoice
  • Packing list
  • Certificate of origin
  • Assay report
  • Customs declaration

Bonasgold manages the entire gold order process from documentation to delivery: https://bonasgold.net/gold-order-process-from-cameroon-a-comprehensive-guide/

Buyer Responsibilities When Purchasing Gold in Cameroon

What Buyers Must Do to Stay Legal

International buyers have legal responsibilities, including:

  • Providing valid identification (KYC)
  • Declaring the gold in their destination country
  • Complying with import laws (USA, EU, UAE, UK, Asia)
  • Ensuring funds are legitimate

Bonasgold follows strict AML and KYC compliance to protect buyers: https://bonasgold.net/bonasgold-kyc-documents-submitted-awaiting-buyer-deposit/

Import Rules by Destination Country

Buyers should review country-specific import guides, such as:

Is It Legal for Foreigners to Buy Gold in Cameroon?

Yes. Foreigners can legally buy gold in Cameroon provided they:

  • Buy from licensed exporters
  • Use legal export channels
  • Declare the gold upon import

Bonasgold specializes in international gold transactions and ships legally to Europe, Asia, the Middle East, and North America.

Related guides:

Common Illegal Practices to Avoid

Avoid these high-risk activities:

  • Buying gold from unlicensed street dealers
  • Paying cash without documentation
  • Accepting gold without assay reports
  • Attempting to export gold privately

Learn safe practices here: https://bonasgold.net/cheapest-way-to-buy-gold-online-from-africa/

Why Buy Gold Legally from Cameroon?

Benefits of Legal Gold Purchases

  • International acceptance
  • No customs seizures
  • No money laundering risk
  • Transparent pricing
  • Long-term supply relationships

Cameroon remains one of Africa’s most promising gold sourcing countries due to:

  • Rich deposits in the East Region
  • Competitive pricing
  • Government-backed export framework

Read more: https://bonasgold.net/why-should-i-buy-gold-today-from-cameroon/

Bonasgold: A Trusted Legal Gold Supplier in Cameroon

Bonasgold Mining Corporation is a fully registered Cameroonian gold supplier offering:

  • Licensed sourcing
  • Full export documentation
  • CIF delivery
  • Face-to-face transactions
  • International compliance

Contact Bonasgold

Explore all gold buying resources: https://bonasgold.net/category/buy-gold-from-africa/

Frequently Asked Questions (FAQ)

Is buying gold legal in Cameroon?

Yes, when purchased from licensed sellers and exported with official permits.

Can I export gold from Cameroon myself?

Only licensed exporters can legally export gold. Buyers should work with authorized companies.

Do I need a license to buy gold?

Buyers do not need a mining license, but must comply with KYC and import laws.

Is Cameroonian gold accepted internationally?

Yes, when legally exported with full documentation.

Is Buying Gold Legal in Cameroon?

Yes — buying gold in Cameroon is legal, safe, and profitable when done correctly.

By working with licensed exporters like Bonasgold, buyers gain access to compliant gold supply, transparent pricing, and secure international delivery.

👉 Start your legal gold purchase today: https://bonasgold.net/buy-gold-directly-from-africa/