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Registering a company in Cambodia involves several steps.
The process can vary depending on the type of business entity you wish to establish, but here is a general overview of the steps to register a company in Cambodia:
1. Choose a Company Structure
In Cambodia, the most common types of business structures are:
- Private Limited Company (PLC): The most common structure for small and medium businesses. Shareholders are liable only up to the amount of their shareholding.
- Public Limited Company (PLC): Suitable for large companies that plan to offer shares to the public.
- Branch Office or Representative Office: Suitable for foreign companies wishing to establish a presence in Cambodia without forming a new local entity.
The private limited company is the most common choice for foreign investors.
2. Business Name Reservation
- You need to reserve your company name with the Ministry of Commerce (MOC). The name must be unique and not similar to other existing businesses in Cambodia.
- This can be done online through the MOC’s e-filing system.
3. Prepare the Required Documents
Prepare the following documents for registration:
- Articles of Association: Governs the company’s operations.
- Company Address: Proof of the registered office address in Cambodia.
- Company Name: Name reservation certificate from the Ministry of Commerce.
- List of Shareholders: Minimum of one shareholder, which can be foreign or local.
- Directors: Details of at least one director (this can be a foreigner).
- Capital Investment: You must specify the capital investment and shareholding structure.
- Valid Passport or ID: For directors and shareholders.
4. Register with the Ministry of Commerce (MOC)
- Submit your registration documents to the Ministry of Commerce to officially form the company.
- You will receive a Certificate of Incorporation upon approval.
- This process generally takes about 2-4 weeks, depending on the complexity of your company.
5. Obtain a Tax Identification Number (TIN)
- Once your company is incorporated, you must obtain a Tax Identification Number (TIN) from the General Department of Taxation (GDT).
- This is necessary for tax registration and to issue invoices.
6. Register for VAT (if applicable)
- If your business is expected to generate taxable revenue of more than KHR 250 million annually, you must register for VAT.
- This involves filing for VAT registration with the General Department of Taxation (GDT).
7. Open a Business Bank Account
- After obtaining your company registration and TIN, open a corporate bank account in Cambodia. This will be necessary for managing company finances.
8. Social Security and Employee Insurance
- If you plan to hire employees, you must register with the National Social Security Fund (NSSF) for social security, health insurance, and employee accident insurance.
9. Other Permits or Licenses (if required)
Depending on the type of business, you may need additional licenses or permits. For example:
- Food & Beverage: Health inspections or hygiene licenses.
- Construction: Building permits.
- Tourism: Tourism license.
10. Comply with Local Employment Laws
- Ensure compliance with labor laws, including employment contracts, work permits (for foreign employees), and salary regulations.
Estimated Time & Costs
- Time: The company registration process can take anywhere from 1 to 4 weeks depending on the type of business and whether all documents are in order.
- Costs: Registration fees and the cost of other formalities like a business license, tax registration, and legal fees can range from $500 to $2,000 depending on the size and type of company.
Key Tips for Foreign Investors:
- Local Partner: Foreign investors are allowed to own 100% of most businesses, but certain sectors (like media, telecommunications, and banking) may require a local partner.
- Legal Assistance: It is advisable to consult a local lawyer or business consultant to ensure that all documents and registrations are handled properly.
- Accounting: Cambodia requires companies to keep accurate financial records, and hiring a local accountant can help ensure compliance.
Additional Information
The Cambodia Investment Board (CIB) and the Cambodian Chamber of Commerce (CCC) offer resources and assistance for foreign businesses looking to establish operations in Cambodia.
By following these steps and seeking local guidance where necessary, you can successfully register and establish your company in Cambodia.
We offer free consultation.
ABSC- ANGKOR BUSINESS SERVICE CONSULTANT (CAMBODIA) CO., LTD
Tel: (+85587224890 (ខ្មែរ)
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Telegram: https://t.me/angkorbusiness
Email: angkorbusinessservice@gmail.com
Website: https://angkorbusiness.com/
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