This Legal Update contains recently adopted laws and regulations with regard to investing in Cambodia. The information provided is not to be substituted for professional legal advice.


Legal Update
On 21 June 2018, the new amendment to Cambodian law on Nationality has been promulgated.
Prakas № 080, Ministry of Commerce dated 05 March 2018.The Ministry of Commerce of Cambodia (“MOC”) has imposed the business permit requirement for all Cambodian nationals engaging in business, service and commerce activities who are not classified as self-assessment taxpayers as determined under Prakas 025 SHV. BRK. GBD dated 24 January 2018 of the Ministry of Economic and Finance on adjustment of the classification of self- as...
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Prakas No. 012/17 of the Securities and Exchange Commission of Cambodia, dated 12 September 2017This prakas provides conciliation and resolution mechanisms and procedures for certain types of disputes arising between securities investors and entities regulated and licensed, or otherwise permitted or recognized, by the Securities and Exchange Commission of Cambodia (“SECC”), including securities firms, derivatives brokers and sec...
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Notification 272, dated 31 August 2017, issued by the Ministry of Labour and Vocational Training (“MLVT”)Under Notification 272, quota application for foreign employees must be submitted via the MLVT online system from 1 September 2017 to 30 November 2017. Once the foreign employee quota approval is secured, work permits must be obtained or renewed for each foreign employee from 1 January 2018 to 31 March 2018 via the MLVT onlin...
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Prakas № 160, 25 October 2017, issued by the Ministry of Tourism (“MOT”).This Prakas aims to enforce the implementation of codes of professional conduct and ethics for tour operators and travel agents in Cambodia. Segregated into two annexes, the code of professional conduct and code of ethics as per listed below under Annex 1 and 2 respectively.Annex 1: The code of professional conduct aims to protect, enhance and maintain the ...
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Prakas no. 1130 MEF.Prk dated 27 October 2017.The Ministry of Economy and Finance (“MEF”) recently issued a Prakas no. 1130 MEF.Prk dated 27 October 2017, to extend the suspension of the 1% Prepayment Tax on Income for enterprises in textile and garment industry. This suspension only applies to enterprises which are recognized as Qualified Investment Projects until the year-end 2022.Under this Prakas, the enterprises in the text...
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Prakas No. B7-017-326 Pror Kor, issued by the National Bank of Cambodia dated 25 October 2017In order to enhance the effectiveness of the management and supervision of rural credit institutions providing small-scale credit (“RCIs”), the National Bank of Cambodia (“NBC”) has established certain terms and conditions on granting certificates to RCIs.Effective on 25 October 2017, this Prakas provides that any person wishing to provi...
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Prakas No. B7-017-300 Pror Kor, issued by the National Bank of Cambodia dated 27 September 2017In force since 27 September 2017, this Prakas aims to enable banking and financial institutions to mobilize and increase funds for business development, by being permitted to list securities on the Cambodia Securities Exchange, so as to more actively participate in the development of the Cambodian Economy.Any institutions wishing to li...
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Prakas № 636 dated 29 June 2017 issued by Ministry of Economy and FinanceThis Prakas is established with a goal to determine a rule and procedure on management and supervise professional on appraisal service on real estate and real estate agent service in Cambodia.This Prakas provides the classifications of professional certificate and license on appraisal service on real estate and real estate agent service, supervisor authorit...
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Sub-Decree № 110 from the Ministry of Post and Telecommunication (“MPTC”), dated 21 July 2017This Sub-Decree aims (i) to set out conditions and procedures for granting, suspending, transferring and revoking a permit when performing operations in the information and telecommunication technology sector and (ii) controlling and monitoring the implementation of permits, certificates and licenses.Under this Sub-Decree, no person may ...
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Prakas № 463 of the Ministry of Labour and Vocational Training (“MLVT”), dated 28 October 2016.Prakas 463 aims to regulate private agencies providing local recruitment services in Cambodia (“Private Agency”). This Prakas applies to all types of Private Agencies. For the purpose of this Prakas, an entity will be deemed to be a Private Agency if it performs any of the following services: (1) matching job vacancies with job seekers...
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On 10th October 2017, the Cambodian Ministry of Economy and Finance issued Prakas No. 986. MEF.P. (“Prakas 986”) in order to combat perceived transfer pricing abuses and loss of tax revenue in the country’s state budget.Cambodia has been relatively slow in focusing on transfer pricing and is now seeking to bridge the gap with its Asian neighbors (including Thailand, China, Vietnam, Malaysia and Indonesia) in respect of tran...
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Guide for Investor
Foreign investor in Cambodia must pay taxes on income earned in the country, including profits. Cambodian resident including foreigners present in the country one hundred eighty-three (183) days or more a year and companies organized, managed or having their principle place of business in-country must pay taxes on income and profits earned worldwide. Residents earning foreign-sourced income are entitled to receive credit fo...
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The 1997 Labor Law, as amended in 2007, regulates employment and such matters as benefits and obligations in employment contracts. The law limits the proportion of foreign employees on a payroll but for the most part Cambodian and foreign employees are covered equally. Foreign employees however require visas and work permits.Supplement to the Labor Law the Civil Code (passed in 2007 and implemented in 2011), the Law on th...
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Visa applicants must submit passport, application forms, a recent passport photo, and other documents as determined by the status of stay.1 - T-Type (Tourist) - VOA• Cost = $30• Length of stay = 1 month• Extension = Can be extended once in country for a further period of 1 monthThe T-Type visa can also be pre-purchased online in the form of an e-Visa (electronic visa)• Cost = $37 + $3 credit card processing fee• Length of sta...
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Cambodia has adopted a liberal foreign investment law policy without bias or discrimination. The open door policy imposes few restrictions on foreign investment, and with its potentially abundant natural resources, relatively inexpensive and motivated labor force, Cambodia offers advantages and significant potential in many industries. These include agriculture and agro-industry food processing, tourism, mining, land, labo...
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Cambodia enacted its current land law in 2001, establishing a national immovable property registration system. Under this system, registration of title on the national register is conclusive evidence of ownership, and all transfers of land must be registered in order for ownership to pass. The system is similar to the Torrens titling system used in Australia, being a title by registration system rather than a ...
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Registering a company in Cambodia is relatively straightforward. It has a more liberal business environment since becoming a member of the world of the world trade organization and passing the law on commercial enterprises in 2005. This law brought changes in procedure and requirement for company registration, and more reform are expected as this law becomes fully implemented.1. What types of business entities can be formed in ...
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Ministry of CommerceMinistry of Economy and FinanceMinistry of Foreign Affairs and International CooperationMinistry of Land Management, Urban Planning & ConstructionMinistry of InteriorMinistry of Industry and HandicraftMinistry of Post and TelecommunicationMinistry of TourismMinistry of Labor and Vocational TrainingMinistry of Mines and EnergyMinistry of EnvironmentMinistry of Education Youth and SportsMinistry ...
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