You asked: Can foreigner register company in Cambodia?

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.

How much does it cost to register a company 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).

Can I own a business 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 can a foreigner start a business in Cambodia?

How can you own a Business in Cambodia?

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

How to Register a Business

  1. Choose business structure. The first step is to decide on a business structure. …
  2. Find a location. …
  3. Register your business name. …
  4. Register with the IRS. …
  5. Register with state and local agencies. …
  6. Apply for licenses and permits.

How can I start a business in Cambodia?

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

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

What are the documents needed for the registration of a company?

List of documents required before submission of a company:

  • Original copy of formal letter issued by ROC regarding availability of Company name.
  • Director Identity Number (DIN) of all those directors of a proposed company.
  • DSC – Digital Signature Certificate.
  • Form-1 for incorporation of a company.

Is Cambodia good for business?

Prashanta Pradhan, Trade and Investment Policy Specialist. Cambodia is one of the fastest growing economies in the world with GDP growth at the rate of 7.1% between 2011 and 2016. There is positive outlook for sustained growth in 2017 and 2018 by the Asian Development Bank as well as the World Bank.

How do I register a sole proprietorship in Cambodia?

To register as a taxpayer, you must complete the application form at the Tax Administration and submit the following documents:

  1. Approval letter or certificate, issued by the Royal Government of Cambodia.
  2. Articles of Association or Memorandum of Understanding.
  3. Valid ID card or passport.
  4. Two photographs.
  5. Ownership certificate.
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