Strong economic growth, low startup costs, and a wealth of untapped markets make Cambodia an attractive environment for starting up a business. Starting a new business here is a reasonably simple process. The new sub-decree of the government released June 15, 2020 has made the whole things even more straightforward. The old forty-five-day process has been replaced by the new fifteen-day-or-less registration system with three government departments: the Ministry of Commerce, the General Department of Taxation, and the Ministry of Labor.
However, minor errors in filing documents or any step in the process may take months for corrections, and the cost can be far more than you expect. There are several forms of legal business entity you should be aware of before running a business in Cambodia.
1. Sole Proprietorship
2. Private Limited Company
3. General & Limited Partnerships
4. Foreign Subsidiary, Branch & Representative Offices
Here at LBC, We can tell you which business form you should take, and help you with the whole registration process from A to Z such as:
Search and register your company name
Prepare Memorandum and Articles of Association
Obtain Certificate of Incorporation for your company
Get official stamp for your company
Advise on Bank Account Opening
Obtain Patent for your company
Obtain VAT Certificate for Your Company
Obtain the right License(s) for your business