FREQUENTLY ASKED QUESTIONS

 

At LocaWize we understand that good decision making comes from an informed perspective. We want to ensure our clients have all the information they need to facilitate that informed decision when it comes to their business journey in Cambodia. In our resource centre our clients will find all the necessary links and documents to ensure they have everything at their fingertips. The following resources will ensure our clients can get to the most useful information, in the least amount of time. With our resource centre, LocaWize has done the searching for you.

 

What types of business entities can a foreigner start in Cambodia?

The most common form of business foreigners start in Cambodia is a private limited company. There are also opportunities for the creation of limited liability companies, partnerships, representative offices, sole proprietorships, or branch offices.

 

Can a foreigner own a business in Cambodia?

The general rule is yes, a business can be one hundred per cent foreign owned; however a company that is foreign owned cannot own land.

 

How can a business own land in Cambodia?

To own land in Cambodia, a company must have a majority Cambodian ownership.

 

What are the advantages of doing business in Cambodia?

The advantages of doing business in Cambodia are many and include, low tax rates, geographically strategic position and low barriers to entry. A full overview of the benefits of doing business in Cambodia can be viewed by clicking here.

 

How long is the timeline of starting a business in Cambodia?

With engagement planning, company incorporation, corporate bank account approval the timeline can be anywhere from fourteen weeks to twenty weeks. LocaWize can ensure that your timeline is as short as possible.

 

What business support services will be required?

In order to streamline a business’s entry into the Kingdom, business services such as legal consulting, accounting and tax consulting, trademark registration, visa and work permit solutions amongst others are extremely important. For a complete list of services supplied by LocaWize please click here.