Foreigners can set up a representative office to gain presence in the Cambodian market and promote the products and services of the foreign parent company. The representative office cannot engage in trade or provide services, sell, purchase, manufacture, process or construct in Cambodia.
Can I own a business in Cambodia?
Business ownership in Cambodia is easy and hassle-free. Have your investment capital ready, find a good real estate company to help you set up shop and everything flows through from there.
Is it hard to start a business in Cambodia?
Business Etiquette: Doing business in Cambodia
Just like in any other country there are difficult parts to starting a business in Cambodia. You can learn from the mistakes of others, however, and come out ahead. One of the biggest tips you hear from entrepreneurs is to surround yourself with people you trust.
How can I start a business in Cambodia?
Documents to be submitted include:
- Application form to Mayor or Phnom Penh.
- Copy of the company’s articles of incorporation (if a limited company)
- Copy of registration certificate.
- Copy of business license from the Ministry of Commerce.
- Copy of identity card or passport of the person who signed the application.
Can foreigner register as private limited company in Cambodia?
Can foreigners set up a private limited company in Cambodia? Yes, the private limited company can be 100% foreign-owned, 100% Cambodian-owned or a combination of Cambodian and foreign shareholdings.
Which business is best in Cambodia?
What are the best businesses to start in Cambodia?
- Real Estate. Most people in Cambodia nowadays undoubtedly focus on investment in real estate since the sector provides a high chance of profit. …
- Investing in Agriculture. …
- Beverage and Fast-Food Franchises. …
- Transportation sectors.
How much does it cost to start a business in Cambodia?
Cambodia LLC incorporation costs amount to US$7,960 and total setup costs amounts to US$16,135 on average per engagement, including Cambodia company incorporation, capital and corporate bank accounts setup, legal registered office and all government registration fees.
Can foreigners own trademark in Cambodia?
Yes, You can. The application may also list goods or services within more than one class on which the trademark will be used.
Is Cambodia a good place to do business?
Out of 183 economies, the World Bank has ranked Cambodia 171st in terms of ease of setting up a new business. … Despite all of this, the Cambodian government is very pro-business, and allows 100-percent foreign-owned companies, unlike some of their neighbors.
How do I get a business license in Cambodia?
The first step is to secure a location for your business. The second step is to get a Lease or Sell Purchase Agreement for your office or business location. The third step is to open a Cambodian bank account. The fourth step is to find a lawyer or accountant to secure the documents for the Ministry.
How can I get Cambodian citizenship?
Cambodian citizenship is granted to those born to at least one Khmer parent regardless of the place of birth. Alternatively, individuals will need to have lived in the country for at least seven years with a residence card in order to obtain Cambodian citizenship by naturalisation.
Can foreigner open bank account in Cambodia?
Can a foreigner open a bank account in Cambodia? Yes, it is relatively easy for expats living in Cambodia to open a bank account with almost any bank.
What is the most popular job in Cambodia?
Banker or Accountant. This kind of occupation is also the most common job in Cambodia.
How many directors can a private limited company have?
A private company needs to have at least two directors, and a public company must have at least three directors. A company can have a maximum of 15 directors. A person appointed as a director will perform all the duties and functions of a director as per the provisions of the Companies Act, 2013 (“Act”).
What kind of companies are in Cambodia?
5. Types of Limited Liability Company
|Private Limited Company||A limited liability company with two to 30 shareholders. Requires a minimum of one director. May have restrictions on the transfer of each class of shares as provided for by the Articles.|
What business organizations are in Cambodia?
The business entities in Cambodia are:
- Sole proprietorship.
- Partnership. General partnership. Limited partnership.
- Limited liability company. Private limited liability company. Single-member private limited company. Public limited company.
- Foreign business entities. Representative office. Branch office. Subsidiary.