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Can a foreigner setup a small company in Cambodia?
Yes, there are different types company's that can be setup by foreigners .
For a small business , such as a bar , restaurant , laundry service, we advise to setup a:
Sole proprietorship
This can only be a 1 owner business, and have no share holders.
And normally the tax registration, is a small tax payer.
Can multiple people become shareholders of a Ltd
Yes, multiple individuals can become shareholders of a Limited (Ltd) company, allowing them to own a portion of the business and share in its profits.
Is Cambodia a good place to start a business?
Cambodia's low labour cost and rapid economic growth have made it very attractive for entrepreneurs looking to set up their businesses quickly.
Can a foreigner own land privately?
In short, No, foreigners are not allowed to own land , but can buy land by different ways, such as :
1)
by setup a LTD company.
The LTD company need to have a Cambodian shareholder who owns 51% of the shares, 49% will be owned by the foreigner.
2)
Using a nominee, the party that holds can be a Khmer that you trust, however, from expericince we can say that this option comes with more risk.
As a independent company and with a "trustworthy" reputation, we can offer you our Nominee service.
Incase you looking for buying land in Siem Reap , and want to know more about the option, please contact us
Do I need a work permit?
Yes, even you don't work, you will need a work permit if you stay on a Long term visa, except the Retirement VISA
I need a Cambodian police clearance report, can you assist?
Yes , we can assist in obtaining a police report from the ministry of Justice.
This will be translated and legalized by ministry of foreign affairs.
If you live abroad, its still possible to obtain the Police clearance .
Please contact us , if you want to obtain more information.
Am I Eligible for the retirement visa?
Yes, you are eligible for the retirement visa if you are 55 years of age or older.
My nationality is not granted a visa on arrival , can you assist ?
For some nationalities, its only possible to obtain a visa, at a Cambodian Embassy.
You will need to find the nearest Cambodian Embassy near you.
What is the main business in 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.
What is the basic income in Cambodia?
A labour ministry statement announced that the new wage begin in January 2024, with $204 for full-time workers, and $202 for those in a probation period. The ministry said that with other bonuses and allowances, each worker will earn between $221 and $232 per month.
What is the average salary in Cambodia?
As of the most recent data, the average monthly salary for a worker in Cambodia is roughly between $150 and $200 USD. This figure can vary greatly depending on factors such as the sector of employment, level of experience, and geographical location within the country.
Is Cambodia the cheapest place to live?
So while the cost of living in Cambodia may be one of the lowest in the world, the quality and standard of living remain extremely high, leading to more retirees and expats choosing to make this country their home each year.