How do I register a foreign company in Cambodia?

The steps to set up a WFOE in Cambodia are as follows:

Deposit the legally required start up capital in a bank, and obtain deposit evidence.
Conduct initial check to confirm the company name is not already in use.
Incorporate the company with the Business Registration Department, within the Ministry of Commerce.

How much does it cost to register a business in Cambodia?

The cost of business registration varies based on the type of enterprise and its taxpayer classification by the General Department of Taxation. Foreign companies will first need to reserve a company name at a cost of 25,000 riels (US$6). The business registration fee will cost 1 million riels (US$246).

How do I get a business license in Cambodia?

Starting a business in Cambodia is a fairly straightforward procedure. To do business legally, you must first register with MoC business registration. Now, the service is done online. You can start reserving a name before registering your business or start registering your business right away.

How many types of companies are there in Cambodia?

The three types of limited liability company available are: A single-member private limited company; A private limited company; and. A public limited company.

How can I open a shop in Cambodia?

How can you own a Business in Cambodia?

Step 1 – Secure a Business Location.
Step 2 – Get a Lease or Sell Purchase Agreement on your office or business location of your choice.
Step 3 – Open a Cambodian Bank Account.
Step 4 – Find a Lawyer or Accountant to secure the Ministry documents.
Step 5 – Hire your staff.

What kind of business should I start in Cambodia?

Doing business in Cambodia – Market opportunity

Tourism infrastructure and resorts.
Education services.
Architecture, construction, and engineering services.
Household goods and appliances.
Agribusiness and food processing.
Used cars and automotive parts.
Power generation equipment.
Fast food and beverage franchises.

What is the best business to start 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.

What is the most popular business in Cambodia?

Agriculture remains the dominant economic sector, with strong growth in textiles, construction, garments and tourism leading to increased foreign investment and international trade. In the World Justice Project’s 2015 Rule of Law Index, Cambodia was ranked 99 out of 102 countries, the lowest in the region.

What is the biggest company in Cambodia?

the Royal Group
Cambodia’s strategic investment holding company, the Royal Group is recognised as the country’s most dynamic and diversified business conglomerate.

What is the best business in Cambodia?

Can a foreigner start a business in Cambodia?

There are no restrictions to a business being 100 percent foreign owned. This is not to be confused with Cambodian land ownership, in which a foreigner can generally own a maximum of 49 percent. To register a company in Cambodia the name must also be registered with the MoC.

What is the most important business for Cambodia?

Cambodia’s two largest industries are textiles and tourism, while agricultural activities remain the main source of income for many Cambodians living in rural areas. The service sector is heavily concentrated on trading activities and catering-related services.

How to register a business in the Kingdom of Cambodia?

To do business legally, you must first register with MoC business registration. Now, the service is done online. You can start reserving a name before registering your business or start registering your business right away. Why to register?

What is the law of business in Cambodia?

This law applies to a partnership and company carrying on business in the Kingdom of Cambodia. A partnership composes of a general partnership and a limited partnership. A company composes of a private limited company and public limited. Article 2: Definitions (1). “person” includes a natural person and a legal person. (2).

Can a Khmer company name be translated into English?

A partnership or company shall display its name in the Khmer language. The Khmer name shall be placed above and shall be larger than the name in another language. The translation of company’s name from one language to another language shall be prohibited. The Khmer name shall sound phonetically the same as the name in the other language.

Are there minimum number of directors in Cambodia?

The specific number of directors, or a minimum and maximum range of directors. While those are the minimum requirements, the Articles may go far beyond these basics. The law only states that the provisions must be “necessary”.