How can I start a small business in Cambodia?

What kind of business should I start in Cambodia?

Doing business in Cambodia – Market opportunity

  • Tourism infrastructure and resorts.
  • Education services.
  • Architecture, construction, and engineering services.
  • Household goods and appliances.
  • Agribusiness and food processing.
  • Used cars and automotive parts.
  • Power generation equipment.
  • Fast food and beverage franchises.

How much does it cost to start a business in Cambodia?

Registering a business in Cambodia costs about US$430. Only three banks in Cambodia are authorised to process the registration fees ‘ ACLEDA Bank, FTB Bank and Canadia Bank -‘ so you’ll need to open an account with one of these banks in order to pay the service fees involved.

Is it easy to start a business in Cambodia?

Starting a business in Cambodia is a fairly straightforward procedure. To do business legally, you must first register with MoC business registration. Now, the service is done online. You can start reserving a name before registering your business or start registering your business right away.

Can foreigners start a business in Cambodia?

There are no restrictions to a business being 100 percent foreign owned. This is not to be confused with Cambodian land ownership, in which a foreigner can generally own a maximum of 49 percent. … To register a company in Cambodia the name must also be registered with the MoC.

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What is the most important business for 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.

How can I open a shop in Cambodia?

How can you own a Business in Cambodia?

  1. Step 1 – Secure a Business Location. …
  2. Step 2 – Get a Lease or Sell Purchase Agreement on your office or business location of your choice. …
  3. Step 3 – Open a Cambodian Bank Account. …
  4. Step 4 – Find a Lawyer or Accountant to secure the Ministry documents. …
  5. Step 5 – Hire your staff.

Is it safe to do business in Cambodia?

There are no restrictions on doing business with certain countries and jurisdictions. Cambodia has access to regional and global markets through being a member of world and regional trade organisations. … Cambodia also has signed investment protection agreements with many countries around the globe.

How much does it cost to register a new company?

Draft Invoice

UAE free zones Year 1 Cost Year 2 Cost
Dubai FTZ – DIFC non financial companies US$45,500 US$19,000
Dubai FTZ – BPFZ US$21,150 US$9,000
Dubai FTZ – Dubai Airport US$22,063 US$12,329
Dubai FTZ – Dubai Internet City US$23,770 US$11,695

What are the good business ideas?

What are the top businesses to start?

  • Dropshipping business.
  • Selling print-on-demand shirts.
  • Sell digital products.
  • Become a blogger.
  • Sell freelance services.
  • Create homemade products to sell online.
  • Media (podcast, YouTube channels, etc.)
  • Affiliate marketing.

How do I register a business name in Cambodia?

Documents to be submitted include:

  1. Application form to Mayor or Phnom Penh.
  2. Copy of the company’s articles of incorporation (if a limited company)
  3. Copy of registration certificate.
  4. Copy of business license from the Ministry of Commerce.
  5. Copy of identity card or passport of the person who signed the application.
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How do I get a Cambodian business visa?

Business Visa Application Requirements for a Cambodia Visa

  1. Passport. …
  2. Photographs. …
  3. Business Cover Letter. …
  4. Visa Application Form. …
  5. Proof of Travel Arrangements. …
  6. Proof of Health Insurance. …
  7. Additional Documents. …
  8. VisaCentral Order Form.
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