Regulation of business activities of petroleum contractors in Cameroon, Congo, Gabon, and Ivory Coast

Journal Article · Mon Mar 01 00:00:00 EST 1982 · Oil Gas Tax Q.; (United States)

OSTI ID:5513006

Frilet, M; Newman, J

Foreign companies engaging in business in Cameroon, Congo, Gabon, and Ivory Coast are subject to a broad range of regulations. This article deals only with those aspects of the regulations that are most important to petroleum contractors intending to engage in business in these countries. The regulator scheme actually applicable in a given case will depend on the legal structure through which a corporation operates. An American corporation may envisage engaging in business on a long-term basis through a local subsidiary or branch. On the other hand, it may wish only to perform temporary activities pursuant to one or more fixed-duration contracts with petroleum companies operating in one of countries. Each of these situations is dealt with. Common features of each area of regulation were described and the differences in regulations were presented. These topics were included: exchange control regulation, corporate forms of business association, authorization to engage in business, requirement of government or local participation in capital, investment code incentives, labor law requirements, taxation of corporations, taxation of profits, taxation of income from movable capital, taxation of amounts paid abroad as technical assistance fees, royalties and similar compensation, turnover taxes, payroll taxes, taxation of business performed without forming a local company or branch, taxation of employees and Social Security contributions. (DP)

• Research Organization: Bureau D'Etudes Fiscales et Juridiques Francis Lefebvre, Paris, France
• OSTI ID: 5513006
• Journal Information: Oil Gas Tax Q.; (United States), Vol. 30:3
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
02 PETROLEUM
BUSINESS
REGULATIONS
CAMEROON
PETROLEUM INDUSTRY
CONGO PEOPLES REPUBLIC
GABON
IVORY COAST
CONTRACTS
GOVERNMENT POLICIES
PETROLEUM
TAXES
AFRICA
DEVELOPING COUNTRIES
ENERGY SOURCES
FOSSIL FUELS
FUELS
INDUSTRY
294002* - Energy Planning & Policy- Petroleum
290200 - Energy Planning & Policy- Economics & Sociology
020700 - Petroleum- Economics
Industrial
& Business Aspects