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How Much Does it Cost to Open a Company in Cambodia

How Much Does it Cost to Open a Company in Cambodia

The cost of opening a company in Cambodia can vary depending on the type of business, the complexity of the structure, and whether you hire local service providers. Below is a general estimate of the costs involved:

a. Company Registration Fees

  • The company registration fee with the Ministry of Commerce is typically around $200-$500 depending on the company structure.

b. Business License & Permits

  • Additional licenses or permits may cost anywhere between $100-$1,000, depending on the type of business (e.g., food licenses, import/export permits).

c. Tax Registration Fees

  • There is typically no registration fee for VAT or taxpayer identification number (TIN), but you will need to account for professional fees for accountants or tax consultants, which may range from $500-$1,500 annually.

d. Office Space & Rent

  • Rent for office space varies by location. In Phnom Penh, office space may cost $5-$15 per square meter, depending on the area.

e. Other Costs

  • Legal Fees: If you hire a law firm to assist with company formation, expect to pay anywhere from $500 to $2,000 for the service, depending on the complexity of your business.
  • Accounting Fees: Monthly accounting services can cost between $200-$500 depending on the size of your business.

6. Can a Foreigner Own 100% of a Company in Cambodia?

Yes, foreigners can own 100% of a company in Cambodia, but there are some exceptions and industry-specific regulations:

a. Foreign Ownership in Cambodia

  • For most business sectors, foreign investors can own 100% of the company.
  • However, there are restrictions on foreign ownership in certain industries, especially in real estate, land ownership, and agriculture.

b. Exceptions to 100% Foreign Ownership

  • Land Ownership: Foreigners cannot own land in Cambodia directly. However, they can lease land for up to 99 years.
  • Certain Sectors: Industries such as media, telecommunications, and finance may have restrictions on foreign ownership.

Joint Ventures are common in sectors where foreign ownership is limited, allowing a foreign investor to partner with a local Cambodian partner.

Conclusion:

  • Checking Company Registration: You can verify a company’s registration status via the Ministry of Commerce’s online portal or by contacting the ministry.
  • Types of Companies: The most common company types in Cambodia are Private Limited Company, Sole Proprietorship, Joint Ventures, Branch Offices, and Representative Offices.
  • Cost of Opening a Business: Costs range from $500 to $2,000+ depending on your business type and other factors.
  • Foreign Ownership: Yes, a foreigner can own 100% of a company in Cambodia, with certain exceptions in specific sectors like real estate and land ownership.

 

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