Tbong Khmum Province, Cambodia - The construction project of National Road No. 21C reaches 37% completion as of late June 2022. The new road is being constructed with a total length of 114.62 kilometres starting from km 154 + 700 on National Road 7 in Sralop Commune, Tbong Khmum Province and is being complete at khm 30 + 400, National Road 71 in Svay Teap Commune, Chamkar Leu District, Kampong Cham Province.A delegation of the Ministry of Public Works and Transport (MPWT), including HE Senior Minister Sun Chanthol, visited the construction project last Jun 20, 2022 to inspect and monitor the progress of National Road 71C, reported to be built to the tune of $130 million.The National Road 71C is expected to create a new economic corridor in the Kingdom’s Northeastern regions by October 2024. Photo from the MPWT.The technical inspection delegation’s purpose is to determine whether the road is being built to specifications, monitor work by the contractors, and check on the overall progress of the new national road. The MPWT often conducts technical inspections on major infrastructure projects around the country.HE Sun Chanthol, the Minister of Public Works and Transport, addressed the media during their visit to the site. He went over topics such as the geographical situation surrounding the road, efforts to raise the road to avoid flood during Cambodia’s rainy seasons, construction of bridges and digging canals and drainage systems to ensure the road’s longevity.The Senior Minister reminded the construction workers and ancillary staff to ensure the quality of the road, as well as keeping the peace so as not to disturb residents living near where the road passes.National Road 71C is one of the latest projects by the Royal Government to create another economic artery, this time in the country’s Northeastern regions. The National Road 71C is expected to make transportation and logistics easier for industries in this region of Cambodia, particularly agricultural, industrial and tourism. Quality roads such as National Road 71C allow for faster transportation resulting in lower costs, especially with interregional trades with Cambodia’s neighbours.According to authorities, the National Road 71C will take 42 months to complete. With a target completion date of of October 2024, the national road is being built by Seang Construction Company with technical supervision from Guangzhou Wanan Technical Consulting Co.,Looking for Property in Cambodia? Let us help!

The Real Estate EXPO 2022, organized by Realestate.com.kh is bringing together developers from across Cambodia and around the world. Cambodia’s property market is bouncing back and we’re giving attendees the chance to check out the latest developments in the up-and-coming places from all over the Kingdom - only at the Real Estate EXPO 2022!Regional Developers Showcase DevelopmentsDevelopers from around Cambodia are coming to Phnom Penh for the Real Estate EXPO 2022 to deliver exclusive deals and sneak peeks into what’s coming all around the Kingdom.KH Land, one of the most established local names in Cambodia’s real estate, is already making waves with its new project in Kampong Speu reportedly going to be offered at only $16,990 per unit. But KH Land isn’t the only regional developer giving EXPO attendees great deals!Other developers and regional developments also joining are Borey Cheyoudom (Kampong Speu), Golf Harmony and Oasis Harmony (Kampot), Borey Lorn City Lotussea (Sihanoukville), Platinum Coast (Sihanoukville), Star Bay (Sihanoukville), Coastal City (Koh Kong), Angkor Grace Residence & Wellness Resort (Siem Reap).Developers will have representatives to showcase their projects at the Premier Centre Sen Sok from July 2 to 3, from 9:00AM until 06:00PM. Attendees will have the chance to directly speak and ask questions to developers, get exclusive discounts and prizes, as well as make a comparison and select their favorite project during the event!Find Your Dream Home At The EXPO 2022Realestate.com.kh brought back the Real Estate EXPO 2022 to help Cambodian property buyers connect with the best property developers in the country. This year, the country’s real estate market is set to bounce back and the EXPO 2022 is an avenue where property buyers can get the best deals on the best homes in Cambodia today.Register now for the opportunity to find your dream home this July 2-3 at the Premier Centre Sen Sok!Register for the Expo 2022

Panasonic Cambodia, in collaboration with the non-governmental organization Light with Dignity (LWD), has recently provided 1,050 Panasonic Solar Lanterns to people living in areas without access to electricity, particularly in Battambang and Pursat Provinces. Panasonic is helping rural Cambodia to address this problem by way of "Light up the Future" program, an initiative that provides assistance to people living in areas without access to electricity.Yasunobu Matsumoto, CEO and Country Head of Panasonic Cambodia, led the mission to Veal Village which was also accompanied by the district governor and other dignitaries. The recipients of the donation also included people from three other rural districts namely, Prek Pir Village, Ta Deh Village and Boeng Krolor Village in the provinces of Pursat and Battambang. Following the occasion, Mr. Yasunobu Matsumoto stated his excitement at meeting the people of Veal Village in person, as well as his desire for Panasonic Cambodia to become more active in community programs. "This is not a one-time effort, and Panasonic will continue to assist in improving the lighting condition of the people living in rural Cambodia," he stated.  Before they were distributed to the village, LWD conducted a survey to select the families that need the lanterns the most. Solar lanterns have many uses. People can use them for lighting up their own houses so that they can cook or their children can continue to study when it gets dark outside. These can also be used as a substitute for streetlights at night in those same areas.  A Panasonic Cambodia representative described how the firm is committed to creating an inclusive society free of poverty by participating in activities that address social issues. The "Light of the future” program is one of our social duties to end poverty, which is why we are partnering with LWD, a non-governmental organization that works with vulnerable people and communities to alter their personal and socioeconomic conditions towards self-sufficiency through a holistic development strategy." About Panasonic CorporationPanasonic Corporation is a global leader in developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, and B2B sectors. The company, which celebrated its 100th anniversary in 2018, operates 522 subsidiaries and 69 associated companies worldwide and reported consolidated net sales of 6,698.8 billion yen for the year ended March 31, 2021. Committed to pursuing new value through collaborative innovation, the company uses its technologies to create a better life and a better world for customers. Learn more about Panasonic: https://www.panasonic.com/global Founded in 2010, Panasonic Cambodia is the official representative office of Panasonic Singapore in Cambodia, responsible for the sales, aftermarket sales, marketing, and distribution of Panasonic products in both the B2B and B2C segments. Panasonic Cambodia also plays an active role in creating lasting, positive impacts to society and the communities it serves. For more information, please visit the Panasonic Cambodia website www.panasonic.com/kh

We’re less than a month away from the EXPO 2022 and the excitement is already building up! News of Cambodia’s biggest property show is attracting not just foreign investors but also foreign investment opportunities for the keenest Khmer investors.Part of the many properties to be showcased during the EXPO 2022 this coming July is an Australian property based in Melbourne: LOUISE.LOUISE, Everything You Want, and MoreLOUISE is a new and upcoming residential property in Melbourne, Australia. Located close to Melbourne’s CBD, LOUISE presents an ideal opportunity for investors looking for opportunities abroad, and in Australia, no less!Located a stone's throw away from the Alfred Hospital, one of the best in Australia10 minutes away from the top universities in Australia including Melbourne Uni & RMITOnly 2 kilometers from Melbourne’s Central Business District (CBD)Built by a trusted and experienced developer in AustraliaBeing one of the newest projects in the Melbourne downtown area, it enjoys the latest technologies and design for a modern residential home. LOUISE was designed by Cera Stribley, renowned architecture and interior design firm in Australia, to evoke a sense of home inspired by both the heritage of the neighborhood and contemporary buildings that mark its place in the future.Investing In Melbourne, Investing In The FutureWith a strong economy, world-class infrastructure, and robust job market, it’s easy to understand why Melbourne is the fastest growing city in Australia. Melbourne’s private and public sectors are investing heavily in key growth pipelines such as education, medicine, science, and technology.It’s worth noting that Melbourne has already attracted many Western and Asian investors, looking to establish their families in the city. After all, 2 of the Top 100 universities are located in Melbourne, the University of Melbourne and Monash University, making it the ideal place for students to study in the premier educational institutions in the world.Exclusive Look Only At The EXPO 2022LOUISE will be offering exclusive deals during the EXPO 2022 as one of its guest foreign property exhibitors. In fact, EXPO 2022 attendees will get an exclusive prelaunch look at LOUISE before it hits the Melbourne market.The EXPO 2022, much like its predecessor events, is expected to draw in several thousands of visitors over the course of 2 days from July 2-3, 2022 at the mega event venue: The Premier Centre Sen Sok.Don’t miss out on this chance to see what a modern home abroad can offer. Register now!Register For The EXPO 2022

MORGAN TOWER, PHNOM PENH - Realestate.com.kh is bringing back its massively popular Real Estate EXPO this coming July 2 & 3 at the Premier Centre Sen Sok. The Real Estate EXPO 2022 is one of Realestate.com.kh’s offline events pushing the real estate and related industries to new heights and delivering exclusive deals and vital services to the growing Cambodian market - all in one place.The Real Estate EXPO is a series conceived by Realestate.com.kh’s founder Moek Chenda and the company’s CEO Thomas O’Sullivan with the vision of creating an event where buyers can secure some of the best deals in real estate, attend free property seminars and enjoy a great day out with the whole family by visiting some of the attractions such as the latest in property technology, car test drive areas, and kids entertainment zone. The biggest names in property development across Cambodia will be on display including OCIC, Orkide Development, Chip Mong Land, Borey The Flora, Golden Cambodia Century, Morgan Group, Prince Real Estate,  Borey Kasen, Borey Bosba, Borey Arey Ksat, Coastal City and many more. To complement the home buying decision the leaders in banking, finance and insurance will also be there to consult buyers. As will the leading real estate agencies in Cambodia such as CBRE Cambodia, Cambodia Properties Limited, GC Realty, Pointer Property and property investment specialists Fazwaz Cambodia.Register As An Attendee or ExhibitorWin Big At The Realestate.com.kh EXPO 2022Apart from securing the best deals in real estate and other mid to high-end items, attendees will all go into the draw to win some of the biggest prizes ever seen at similar events, including jewelry from Princess Alanka, Watches from Watch Empire, Equipment from Seara Sports Systems, movie tickets from Legend Cinema, Appliances from both Fotile, Mitsubishi and many, many more. Property developers and exhibitors will be offering a variety of buyers incentives during the two days including huge discounts and show-only lucky buyer prizes including property & cars!When, Where, and What Time? The Real Estate EXPO 2022 will be held at the Premier Centre Sen Sok. The EXPO 2022 will start on July 2 & 3, Saturday and Sunday from 9:00 am until 6:00 pm both days. The Real Estate Expo 2022, Above and Beyond Properties & Services“We have not been able to do an offline event of this scale since our record-breaking events in 2019, whilst not surprising we have really been overwhelmed with the response from both exhibitors joining the expo, as well as very good signs from attendees with 5000+ people already signed up to attend the event,” said Thomas O’Sullivan, Realestate.com.kh CEO.“Ultimately, our goal is to give buyers and Cambodian families an opportunity to get the best deals in real estate of the year, and to create an experience where they can have a great day out together. By adding attractions and activities such as seminars from the leaders in the property industry, kids play areas, cars, an extensive food & beverage and more allows us to not only put on the biggest and best property expo but to create a great day out for the whole family” Mr. Thomas said.Register As An Attendee or ExhibitorA Series of Record-Breaking SuccessesThe most recent Real Estate EXPO held in Naga World Phnom Penh in 2019 was a major success that broke the country’s biggest property sales event ever in Cambodia with a whopping $ 30 million in sales and attracted over 20,000 visitors.  Earlier in 2019 the Home & Lifestyle event attracted more than 15,000 attendees and reached over $20 million in sales. Cambodia’s Leading Boreys, Condos, Agents, Banks, Lifestyle & Corporate brands The who's who of Cambodia's property market and ancillary services are already onboard with more coming as the EXPO 2022 on July 2 & 3 draws closer.Major sponsors & key supporters include: The Khmer Times, Cambodian Investment Management, Princess Alanka, B2B Cambodia, Watch Empire, Mitsubishi Heavy Industries, Panasialife, Gold Zone Media, Seara Sports Systems, Fotile, and LM Car.Exhibitors  include: Orkide Development: Orkide The Botanic City, Orkide The Pochentong, Orkide The Royal Condominium, Morgan Group: Morgan Tower, Morgan EnMaison, Overseas Cambodian Investment Corporation (OCIC), Chip Mong Land, Prince Real Estate Group, Creed Cambodia, Canopy Sands, Borey Kasen Phnom Penh, Borey Bosba, Borey Williams, Genrich Investment, Credit Bureau of Cambodia, Chroy Changva Satellite City, Norea City, Borey Heng Heang, The Elysee, Elite Town 3, Olympia City, Borey New Hope, Kien Svay Plaza, Tourism City, Diamond Bay Garden, Golden Cambodia Century (GCC): Borey Nadi, GC Orussey Market, Borey The Flora, KH Land, Platinum Coast, Golden Cambodia Realty, Phnom Penh Galaxy Garden, Coastal City, Century 21 Cambodia, Oasis Harmony, Golf Harmony, City Gem, Borey Lorn City, Fortune City, Borey Arey Ksat, Borey Chey Oudom, One 70, LM Car, Fotile, JTH Lawyers, API Global, TCU Polys Enterprise, Harvey Law Group, Beike Realsee, FazWaz, Buildmax International, Sathapana Bank, Cellcard, Yuan Dian Advertising MediaMedia partners include: Khmer Times,  B2B Cambodia, AmCham, ADA, Cambodia Investment Review, Property Area Asia, Gold Zone Media, The Cambodia China Times, Thmey Thmey, Enjoy Cambodia, Business Cambodia, FreshNews, Koh Santepheap Daily, Kampuchea Thmey Daily, ThmeyThmey, CNC, BTV, PNN, Hang Meas, CTV, TVK, CTN, Jianhua daily, Cambodia China Times, PanasiaLifeRegister As An Attendee or Exhibitor

On May 27th, Prince Trust, a member of Prince Holding Group (“Prince Group”), one of Cambodia’s largest business groups spanning across real estate development, financial services, and consumer services, has signed a memorandum of understanding (MoU) with Cambodian Investment Management and Realestate.com.kh to collaborate on opportunities in attracting inbound investments through Cambodia’s Trust Law.The MoU ceremony was presided by Michael Chiam, Board Director of Prince Trust, Anthony Galliano, CEO of Cambodian Investment Management, and Tom O'Sullivan, CEO of Realestate.com.kh.Based on the terms of the MoU, the three parties will work towards co-creation of joint capabilities in attracting investment by providing a seamless, trustworthy, and transparent experience for foreign investors. With Cambodia experiencing rapid growth and the passage of the Trust Law in 2019, Prince Trust was established to assist investors looking to venture into Cambodia.Michael Chiam, Board Director of Prince Trust noted ”We established Prince Trust to assist foreign investors looking to venture into Cambodia by promoting trust law. Together with the strong credibility and market awareness of Cambodian Investment Management and Realeastate.com.kh, we will be able to leverage on our respective competitive strengths in addressing the needs of foreign real estate investors looking into Cambodia”While Anthony Galliano, CEO of Cambodian Investment Management, championed the term “Invest Cambodia” in his remarks, noting that Cambodia's remarkable management of Covid 19 has prepared the market for a rapid recovery and “the country has never been better placed for foreign investment”Tom O’Sullivan, The CEO of Realestate.com.kh noted that “website traffic had grown past 200,000 visitors a month over the first half of 2022, with over half of the traffic from international markets” which is a sign that international investment in Cambodia is again on the rise. O’Sullivan went on to say that he “was looking forward to again being a pioneer in the industry along with Prince Trust and Cambodian Investment Management in educating the international investor market and local sellers about the trust law in Cambodia, which is a legal, transparent vehicle in facilitating real estate transactions for foreign investors”What is a Trust or a Real Estate Trust?A Trust is one of the mechanisms to help investors manage their assets. A trust is a way of holding and managing property, whereby the person setting up the trust (called the grantor, settlor, or trustor) transfers property to a trustee, who manages the property for the benefit of others (called beneficiaries).For more information, please visit www.princetrust.com, www.princeholdinggroup.com, www.facebook.com/CambodianInvestmentManagement, and www.realestate.com.khLooking for property investments in Cambodia? Let us help!

Cambodia’s nationwide infrastructure development continues with the Ministry of Public Works and Transport exploring plans to expand National Road 4 through funding from the World Bank.Chief among the many issues discussed was the rehabilitation and expansion of National Road 4 funded by a loan from the World Bank. Improving transportation across Cambodia has been a priority of the national government for most of the recent decade, and National Road 4 is next on the agenda.National Road 4 is one of the major roads connecting Phnom Penh to vital economic and tourist spots such as Sihanoukville and Koh Kong. The improvements planned for NR4 are expected to ease traffic congestion, lessen travel time, and overall reduce costs of transportation in this economic corridor.Officials of the Ministry of Public Works and Highway meet with the World Bank last May 24, 2022. Photo from the MPWT.Apart from national road projects, the MPWT also discussed plans to install Electric Vehicle (EV) Charging Stations as one of the Kingdom’s pushes to reduce environmental pollution. The development of a public bus system in Siem Reap was also discussed, as well as the management of wastewater in Phnom Penh, Siem Reap, and Sihanoukville. Last but not least, was the discussion of the Phnom Penh Logistics Center (PPLC) Development Project.The World Bank has been a vital partner in the Royal Government’s goal to realise its national development goals through enhanced transport infrastructure, sustainable waste management and overall quality-of-life improvements for the Cambodian people.Looking for Property Investments in Cambodia? Let us help!

AFTER 2 LONG YEARS, IT’S FINALLY BACK! The Realestate.com.kh EXPO 2022 is coming this July 2022 (2nd & 3rd) and it’s bringing exclusive deals and promotions from Cambodia’s leading borey & condo developers, banks, insurance, and many services for your home needs!A WORLD-CLASS VENUEThe Realestate.com.kh EXPO 2022 will be held at the Premier Centre Sen Sok. This grand venue is well-known among Cambodians, expatriates, and foreign investors for its wide spaces, accessible roads, and is directly adjacent to AEON Mall Sen Sok, the largest purpose-built shopping mall in Cambodia today.WHO WILL BE AT THIS YEAR’S EXPO?Anything and everything related to Cambodian property will be at Realestate.com.kh’s EXPO 2022, including the most renowned property developers such as Orkide Development, Creed Group, The Flora, Morgan Group, and many more.But buying property is usually more than just property itself. And this is where the advantage of buying at the EXPO truly shines. Not only will buyers be able to secure some of the best deals ever from boreys, developers, and agents at the event, but the leading banks and insurance companies will also be exhibiting and running special loan offers and coverages for your home and other property needs. Buying and securing your property needs not be a hassle when you can do it all in Realestate.com.kh’s EXPO 2022!Lifestyle brands will also be on show at the event with brands such as LM Car, B2B Cambodia, and Realsee 360 technology making it a great day out for the whole family. CAMBODIA’S BEST REAL ESTATE SEMINARS & TALKSVisitors will be able to attend property-related seminars across the two days, delivered by leaders in the property market. Seminars will include real estate trends; how to find the best opportunities in the market; what to look for when buying your first home; updates on Cambodia's economy; and future infrastructure developments. A LOOK BACK ON THE 2019 EXPO More than 10,000 attendees. Exclusive deals and discounts. Over USD $30 MILLION IN SALES was generated at this same event in 2019.The Realestate.com.kh EXPO is Cambodia’s biggest property show where real estate agents, developers, banks, and insurance providers come together to offer the best deals and discounts ALL IN ONE PLACE.The EXPO has solidified itself as part of the industry’s calendar of events as middle-class and affluent Cambodians, as well as expatriates and foreign property investors, attend the EXPO successfully securing the best deals and opportunities in real estate. Pre-registration is LIVE! Sign-up now to get express entry at the event and updates on who will be joining the Real Estate EXPO 2022 this coming July 2-3 Register now!Real Estate EXPO 2022 Registration here

The completion of the Phnom Penh-Sihanoukville expressway will play a key role in further pushing Cambodia’s economic growth for decades to come. Photo from the MPWT.As of later April 2022, 90.95% of the Phnom Penh-Sihanoukville expressway construction project has been completed, and it is expected to be open for public use in July. Prime Minister Hun Sen will attend and preside over its official opening ceremony.Being Cambodia’s first expressway, the construction of the Phnom Penh-Sihanoukville expressway (also referred to as the Golden Port Expressway) cost 2 billion USD and was built with the aid of the Chinese government. The expressway spans five provinces, starting at the third ring road in Phnom Penh City and ending in Sihanoukville Province. Its total length is at 187.05 kilometers with a two-way 4-lane system, each lane being 3.75 meters wide. The running speed limit for the expressway will be at 80 to 120 kilometers per hour.The highway itself includes 7 intersections, 3 rest areas, 1 parking lot, 4 operation and maintenance centers, 40 major and medium-sized bridges, and 5 small bridges. For scale, the highway is 80.8 kilometers away from the province, 1.92 kilometers away from Koh Kong, and 89 kilometers away from Sihanoukville. For the safety of those using the expressway, a green isolation belt was placed in the middle, with galvanized steel pipe guardrails on both sides of the road to prevent animals from passing through. The construction also utilizes a modified asphalt technology, which is compatible with Cambodia’s weather thus improving pavement performance and extending service life.The Phnom Penh-Sihanoukville expressway was funded by the China Road and Bridge Engineering Co., Ltd., operating in a BOT (build-operate-transfer) system. Construction officially started on March 22, 2019, with a construction period of more than 3 years and an operation period of 50 years. Being Cambodia’s first expressway connecting Phnom Penh and Sihanoukville, it plays an extremely important role in the Kingdom’s socio-economic development. It also is the first step in Cambodia’s layout of the national transportation network system.At present, the travel time from Phnom Penh to Sihanoukville takes about 4-6 hours. Once the expressway is completed, the journey will be shortened to a mere two and a half hours. The project will facilitate the transportation of goods between the two economic centers while also creating nearly 10,000 jobs. Once completed, it will not only fill the gap in Cambodia’s infrastructure needs but also help stimulate provincial and national economic growth.The toll standard for the Phnom Penh-Sihanoukville expressway has yet to be determined, however. If the standard is at 10 cents per kilometer, the cost of making the whole journey itself would be close to 20 USD. H.E. Sun Chanthol, Minister of Public Works and Transport, previously stated that the toll standard for expressways around the world is generally at 10 to 15 cents per kilometer, which is a high cost for ordinary Cambodian citizens. The Ministry of Public Works and Transport has already proposed contracting companies to make toll rates on highways go down to less than 10 cents per kilometer, allowing more people across the country the financial capability to use the highway.The government is also negotiating with investors to allow free public testing of the expressway for a period of time before the official opening. This is to help the general public experience the expressway themselves and thus understand the costs entailed. In addition, the government has declared that on Cambodian public holidays, the highways will be free of charge.Looking for property in Cambodia? Let us help!

Favourable foreign ownership laws, a U.S Dollar based economy, rental returns of up to 10% per year, and high yields are just a few reasons why Cambodia is a great investment destination. To help you make an informed decision for your investment in Cambodia, we highlight some of the common types of opportunities that are available in the Cambodian market.Condominiums and ApartmentsThis is the most common type of investment for foreigners in Cambodia, and in many ways, the easiest to understand. Most developers targeting international buyers will structure projects with some sort of rental return scheme or GRR, generally around 5%+ per year for up to three years. Although not all developers will offer a GRR scheme and may opt for offering buyers a small discount on the purchase price, especially if they are targeting buyers that intend to live in the property. A common question you will be asked by developers is: Are you buying for living or investment?*Guaranteed Rental Return (GRR) or Rental Return Scheme (in some counties) is the amount of money often communicated in a percent based on the purchase price of the property that the developer guarantees you as the buyer in return, over a certain period of time. If you are purchasing a property with GRR make sure it is mentioned in your sales and purchase agreement.Learn more about Guaranteed Rental Returns hereStrata titled office space and commercial unitsSimilar to the high demand for more housing in Cambodia, there are also 100's of new businesses and multinationals entering the market. In line with this, developers have identified this as an opportunity to differentiate themselves from their competitors and offer strata-titled office or commercial units for sale. Sometimes this can be integrated into a development that will also include apartments for sale, or it can also be a stand-alone office development project.Serviced Residence, Hotel and Resort-style investmentsAn increasingly common investment type or opportunity that we are seeing in Cambodia is investing in a serviced residence or hotel. This can be highly attractive to many investors that are looking for high and often guaranteed rental returns. It is also not uncommon for these types of investments to have a Guaranteed Buy Back option built into the purchase.A guaranteed buyback is a contract between the developer of a new project and anyone who buys a unit within that development stating that the developer will buy back the unit from the owner after a fixed period of time.Colonial apartmentsCambodia is littered with 100's of old French colonial buildings, and a common trend for foreigners living in Cambodia is to buy an older apartment, with the vision of renovating the property before selling it at a higher price. This is very common in many markets around the world. Whilst there are some great financial gains to be made in this type of investment, we would advise anyone living outside of Cambodia to focus on other investment opportunities in the property market, that come with a long-term lease, hard or strata title.Realestate.com.kh is home to over 30,000 (and growing!) property listings all over Cambodia. Our property advisors are on standby to help you in your real estate search!Need help finding the right property? Let us know!Article by:

Property rental Tax in Cambodia is set by the rental received on the following types of properties:Residential and commercial buildings or properties.Industrial and commercial installed equipment.Floating watercrafts/homes or ships used as homestay or place of business.Land without buildings used for stone, mine and coal extraction, lakes and salt pan field.This tax is collected from proprietors or leaseholders.Tax Rate:A foreign investor who buys property in Cambodia and rents it out needs to pay 14% of the gross rate annually while Cambodians have to pay 10%. This gross rental must be included in the lease agreement.Sample (for a Cambodian):5 apartment unitsRented at $200 per weekRental rate$200Number of apartment units5Property Tax 10%($200 x 5 ) x 10% = $100How to register:To register to become a taxpayer for property tax, the first thing you must do under this law is to register at your tax branch. You only need to register the property if it’s worth $25,000 or more. You should go to your tax branch where the property is located and complete two forms: PT01 and PT02.Read here for a more detailed guide on property taxes in Cambodia.When are tax payments due?The tax payment is an annual obligation due by September 30th.Looking for rentals in Cambodia? Let us help!Article by:

You don’t need a Cambodian bank account, but here is why you should open one.If you are intending to purchase your new home/investment in Cambodia, opening an account is not a legal obligation.Many expats choose to keep their bank accounts from home open and use them as their primary source of cash. It quickly becomes evident with mounting ATM charges (up to $5 per transaction) for foreign cards in Cambodia (and the home banks often charging the same), this is not the most economically viable way to conduct daily spending.What are my options if I don’t have a local bank account and want to purchase a property?You can use a lawyer's account and/or transfer monies directly to a developer. If you choose to transfer directly to the developer please ensure you seek legal advice prior to doing so.The benefits of opening a local bank account for investment propertiesIf you plan to receive rental from your tenants locally, having a local bank account reduces your transfer fees. It's also much easier to have access to local funds and local transfers through bank apps. This will allow you to pay expenses when overseas with minimal fuss and cost.As with any foreign country, there are high-risk factors of transferring large sums of cash directly to an unknown person/persons. And while Cambodian law is becoming more sensitive to the needs of foreign investors, anyone looking to invest in the Kingdom would still do well by securing their bases and opening a bank account if possible.If you are interested in opening a bank account in Cambodia, please read our ultimate guide to banking for foreigners in Cambodia. Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:

Transferring money to Cambodia is a straightforward process, but it is important to have the correct documentation and comply with relevant laws. In this guide, we will cover the essentials you need to know before transferring funds into Cambodia.Foreign exchange controls Cambodia does not impose restrictions on the repatriation of capital or profits out of the country, as long as the transfers are conducted through registered financial institutions such as banks. The official currency of Cambodia is the Riel (KHR), but most transactions are conducted in US dollars. Remittances are subject to applicable withholding taxes.Restriction on foreign exchangeUnder the Law on the Foreign Exchange of September 1997, there are no restrictions on foreign exchange operations through authorised intermediaries, including purchases and sales of foreign exchange on the foreign exchange market, transfers, all kinds of international settlements, and capital flows in foreign or domestic currency between Cambodia and the rest of the world or between residents and non-residents.Authorised intermediaries must provide the National Bank of Cambodia with periodic statements, by type of transfer or settlement and outflows and inflows of capital carried out between Cambodia and the rest of the world, according to the time set by the National Bank of Cambodia. Residents are allowed to hold foreign currencies freely, both in the form and location of such holdings inside the country. However, in the case of a foreign exchange crisis, the National Bank of Cambodia may issue regulations to be implemented for a maximum period of three months, temporarily suspending the enforcement of this provision.Transfers Relating to Investment or Liquidation of InvestmentTransfers relating to investment or liquidation of investment shall be made through authorised intermediaries. The authorised intermediaries shall report to the National Bank of Cambodia the amount of each transfer equaling or exceeding one hundred thousand US dollars (USD 100,000).RemittanceArticle 11 of the Amended Law on Investment of 2003 gives assurance that Qualified Investment Projects (QIPs) have the freedom to send foreign currency overseas, which they purchased through authorized banks, to settle any financial obligations they have related to their investment. These obligations may involve:Payment for imports and repayment of principal and interest on international loans;Payment of royalties and management fees;Remittance of profits; andRepatriation of invested capital in case of dissolution.Reminder!Keep in mind, before transferring funds to Cambodia, it is important to check with your bank in Cambodia to ensure that the correct documentation is completed and compliant with relevant laws. By following the guidelines outlined in this article, you can easily transfer funds into Cambodia without any problems. Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!

Homeownership comes with a range of financial responsibilities beyond the initial purchase price. One aspect that homeowners often encounter is maintenance fees. In this article, we will explain the concept of maintenance fees and general costs in Cambodia.What Is Maintenance Fee?Also known as service charges or due, these are recurring payments that individuals or entities make to cover the costs associated with maintaining and managing a property, service, or asset. These fees are often used to support ongoing operational expenses, repairs, upgrades, and other essential services. Maintenance fees can be charged on a monthly, quarterly, or annual basis, depending on the arrangement. In the context of homeownership, maintenance fees are typically associated with condominiums and boreys. Residents pay these fees to cover the upkeep of common areas such as landscaping, swimming pools, elevators, and security services. This allows property owners to collectively maintain the shared facilities and services that enhance their quality of living.  In Cambodia, fees go towards hiring property management companies to oversee the day-to-day operations, address resident concerns, and enforce community rules.How Is the Maintenance Fee Calculated?While a one-size-fits-all formula for calculating maintenance fees doesn't exist, the final expenses are influenced by several factors like the type of services provided (such as common area cleaning, lift maintenance, and security), the facilities available (such as pools and gyms), the size common areas, and the quality and quantity of services demanded by residents. For a condo, the fee ranges from $0.50 to $2 per square metre and for Borey, the maintenance fee will depend on the developer, some might include a security guard, landscaping and garbage collection in the project area. Why Is It Important to Regular Maintenance?Similar to any other asset, it's essential to recognise that a property will inevitably age over time. This ageing process can significantly impact its appreciation and value, especially if you intend to sell it. It's crucial to keep in mind that properties naturally undergo changes as they age. Consequently, it's worth considering the implementation of effective property management to oversee the maintenance of the property. This approach ensures that quality maintenance is consistently upheld. In conclusion, maintenance fees are a crucial aspect of homeownership within shared communities. While they represent an ongoing expense, maintenance fees contribute to the value and overall appeal of the property.If you are interested in learning more about properties in Cambodia, our real estate agents are ready to assist you. Contact us today. Click Here

When purchasing a property, it is essential for buyers to consider the importance of long-term maintenance and sustainability. Thus, having a reliable financial mechanism is crucial to meet eventual repairs or major renovations. This is where the concept of a sinking fund comes in handy. In this article, we will explain the significance of a sinking fund, exploring its purpose, relevance in real estate, calculations, and how it operates within the local contextWhat is a Sinking Fund?A sinking fund is a designated pool of money set aside by an individual, corporation, or homeowners' association to accumulate funds over time for a specific purpose, such as repaying a debt or financing future expenses. It involves making regular contributions or deposits into the sinking fund with the goal of accumulating enough funds to meet a future financial obligation or goal.Purpose of Sinking FundThe primary purpose of a sinking fund is to ensure that there are adequate funds available when needed, thereby reducing sudden financial burdens. It is commonly used in various contexts, including corporate finance, personal finance, and real estate. In corporate finance, companies may establish sinking funds to gradually set aside funds for the repayment of long-term debts, such as bonds or loans. This allows them to systematically retire the debt over time.On an individual level, sinking funds can be used to save for significant purchases or expenses, such as a down payment for a house, a vehicle, or a vacation. By regularly contributing to the sinking fund, individuals can accumulate the necessary funds and avoid the need for excessive borrowing or draining their savings all at once. How are Sinking Funds Relevant to Real Estate?Sinking funds are also relevant in the context of real estate, particularly when it comes to strata buildings or condominiums. In real estate, a sinking fund is a financial tool utilised by owners' corporations or homeowners' associations to ensure the availability of funds for future maintenance, repairs, and refurbishments of the property. For example, in a condominium, the sinking fund is set up to cover common emergency expenses and major capital works related to the building. This fund is built up over time by contributions from the individual unit owners, typically through regular payments or levies. The purpose is to accumulate sufficient funds to address significant expenses that may arise in the future, such as roof replacement, elevator repairs, or structural renovations.By establishing a sinking fund, it can proactively plan for and finance the ongoing maintenance and improvement needs of the property. This helps distribute the financial burden among the owners and ensures that adequate funds are available when necessary, preventing the need for sudden special assessments or significant increases in fees.How are Sinking Funds Calculated?Using examples from other countries, sinking fund fees are calculated based on an audit of the building known as a sinking fund forecast. This audit is undertaken by a suitably qualified surveyor engaged by the owner’s corporation. This audit looks at the condition of the building, plant and machinery, and calculates the life cycle of these items, forecasting either the plants’ replacement or refurbishment in a set number of years, for example, 7, 15 and 20 years from the date of the audit. The audit will also calculate what these works may cost in the future. These costs will be broken down into per lot fees paid either monthly or annually, to be held in trust by the owners’ group until the refurbishment is required.Sinking Funds In CambodiaAlthough the Cambodian Government introduced the 2009 Sub-decree on the Management and Use of Co-owned Buildings that requires “ the co-owners to establish a management board or an executive committee as agreed among themselves following the prescribed internal regulations” the requirement to establish a sinking fund and its associated requirements are not completely covered by this decree.If you're a newcomer to property investment in Cambodia or eager to make an informed decision, reach out to our real estate experts today for a consultation on the Cambodian property market. At Realestate.com.kh, we offer current insights and help customers find their dream properties every day. If you are interested to learn more in detail about the properties available in Cambodia, our real estate experts are ready to assist you. Contact us today. Free Consultation Here

A rendered image of the luxurious Agile Sky Residence in the heart of Phnom Penh.Can foreigners own land in Cambodia? The short answer is No. But the Royal Government of Cambodia has eased on this restriction by allowing foreign nationals to own property via Strata Titles.Strata title in Cambodia is a relatively new type of property ownership and the only one granted to a foreign national. This type of property title is presently restricted to condominiums, and more recently, office buildings since foreign nationals are not allowed to own landed properties in the country.The question now is, how do you, as a foreigner, get a Strata Title?DISCLAIMER: Foreign buyers, local buyers, foreign buyers with Cambodian citizenship, and companies have to satisfy slightly different requirements to purchase a Strata Title. We strongly recommend consulting a real estate agent to walk you through the specifics of your case. For this guide, we will be walking you through the general steps for an individual foreign buyer.How to obtain a Strata TitleObtaining a Strata Title starts with the owner of the property. But before heading to the sales office of a condo, we advise buyers to first check with the local cadastral office and local commune council if the developer/owner does indeed have legal ownership of the original title. In the case of property developers, this step is meant to verify their ownership of the Hard Title and its eligibility to be partitioned into Strata Titles.Upon completing the above mentioned due diligence, buyers may proceed in dealing with the company itself. While condo developers will likely have representatives to handle sales, we advise buyers to obtain a copy of their company/national ID as another layer of due diligence. This goes double for individual condo owners offering their unit(s) for resale.Once that’s clear, the buyer and the owner of the hard title (or an authorised representative) must physically be present at the same time in the cadastral office to initiate the title transfer. Foreign buyers are required to be in Cambodia for the title transfer as their thumbprint is required to be affixed in the Vente Definitive and the Application for Ownership Transfer, both being standard documents provided by the land department.It’s important to note that the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) requires fully certified documentation of the identity and marital status of the buyer to be supplied and translated into Khmer - this includes the name of the buyer as English names are not permitted on property titles.The requisite fees for title transfers are paid at the General Department of Taxation (GDT). Transfer taxes are paid after the land office reviews and certifies the submitted documents. These same documents will be submitted to the GDT who will then assess the value of the property based on a proprietary set of criteria and calculation methods. An officer from the GDT will then be responsible to perform the evaluation and may take anywhere from 1-2 weeks. After the assessment, an invoice will be issued containing the transfer tax required to be paid.NOTE: It is common practice for sellers to pay the transfer tax, but this can go either way. Be sure to clarify this part of the transfer with the owner.A receipt will be issued by the GDI as proof of payment to the party who made it. This receipt, along with the certified documents will be brought back to the Cadastral Authority at the MLMUPC. A new original title, with the name of the new owner, will be issued by the Cadastral Authority.A sample of a Strata Title issued by the MLMUPC.Other ownership methodsIf you’ve assessed that Strata Titles do not meet your needs, there are other methods such as obtaining Cambodian citizenship, or a company lease, to own landed properties in Cambodia. But those involve completely different steps which are relatively more complicated. We highly recommend seeking the assistance of a Cambodian lawyer to properly guide you through the whole process of these alternative methods.Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:

A lot of foreign businesses are taking an interest in the Kingdom of Cambodia due to its attractive investment environment. As such, local entrepreneurs have thrown in their lot to set up real estate companies to meet the demands of both fellow Cambodians and foreigners. But setting up a real estate company is easier said than done.In this Realestate.com.kh guide, we will give you the guidelines for starting a real estate company with the necessary paperwork and licenses pertinent to Cambodia’s laws and regulations.DISCLAIMER: Realestate.com.kh strongly recommends consulting a lawyer for their professional guidance. This guide is only meant to give prospecting business owners an overview of starting a real estate company in the KingdomKey considerations in starting a real estate agencyInvestors looking to start a real estate agency in Cambodia will need to consider things such as company registration, tax obligations, real estate licenses, office setups, recruitment, and business plans.If you’re interested in starting a different kind of business, you can check Realestate.com.kh’s general guide to starting a business in Cambodia.For the purposes of this guide, we will specifically talk about how to start a real estate agency in Cambodia.Registration with the Ministry of CommerceBusiness registration is required at the Ministry of Commerce of the Kingdom of Cambodia. Registered businesses within the Kingdom are given a certificate of registration.The company must meet these following requirements from the Ministry of Commerce:Shall define a company name to be approved by the Ministry of CommerceShall come up with the company’s terms and conditions, documents to prove where the company is located, identity card of the company owner, certificate of bank deposit (at least $1,000), company stamp, appointment letter, and business registration application.The registration period at the Ministry of Commerce takes about two weeks and costs around $370. There are services rendered free of charge.Paying taxes at the General Department of TaxationAfter registering with the Ministry of Commerce, the applicant must submit the certificate of registration, along with other relevant documents, to the general Department of Taxation to pay their registration tax and annual patent tax for the initial registration.Patent Tax is derived from the taxpayer classification of the business owner under the Self-Assessment Regime of Taxation and is payable between January 1 to March 31 of each year. We advise consulting a lawyer on how you can properly asses your taxation regime to start a business in Cambodia.New taxpayers, whose business began within the first six months of the year will pay their annual tax in full. Those who begin their business within the last six months of the year will only have to pay half of their annual tax.Business owners who own several assets (such as warehouses, offices, etc) under one business in the same province only have to pay their patent tax within that province. Businesses who own assets across provinces will, however, have to meet their patent tax obligations in each province.Business owners are required to display the patent at their place of business. These patents take about 1 to 2 weeks to obtain and will cost 1,200,000 riels (US$290).Obtaining a license from the Ministry of Economy and FinanceThe last general step is to obtain a license from the Ministry of Economy and Finance. In order to apply for a license, the applicant must prepare the following documents:Completed application license formPhoto of the license owner and certificate of professional real estate serviceBackground of shareholder or company ownerLetter from the Ministry of Justice of CambodiaPhotocopy of a national identity card and residence bookDocuments issued by the Ministry of Commerce and Taxation, the company’s certificate of registration, and a copy of a letter of business registration and patent.Letter of business location issued by the local authority, together with photos of the business location.A 3-year business plan.Applying for a license at the Ministry of Economy and Finance takes about one month from the date of filing the sufficient paperwork without error.The required fees for a real estate agent license are as follows:Real estate agent license is 500,000 riels (US$ 120) plus an administration fee of 100,000 riels (US$ 25)Certificate of professional real estate service is 200,000 riels (US$ 50) plus an administration fee of 40,000 riels (US$ 10), totaling 840,000 riels (US$ 210).Once you have been issued a license and professional certificate from the Ministry of Economy and Finance, you can legally operate your business in Cambodia.You can register to be a member of the Cambodian Valuers and Estate Agents Association. Currently, CVEA has over 100 member companies, working as a network to promote real estate in Cambodia.Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:

The six-storey Chip Mong Noro Mall in Boeung Keng Kang I (BKK1) district is scheduled to open shop later this year. The shopping centre is set to have a net leasable area of 7,400 square metres. According to the firm managing the mall, nearly 75 percent of the space is already fully booked by tenants and businesses. Located on Norodom Boulevard, between streets 360 and 370, Chip Mong Noro Mall is the first project by Chip Mong Retail, a subsidiary of Chip Mong Group. Thyda Pov, leasing manager of CBRE, the company responsible for managing Noro Mall, told Realestate.com.kh on Wednesday that the property began signing tenants early this year. She said that more than 75 percent of the leasable space has been booked.Thyda said that the mall is located in a prime location where demand is rising for retail options, residential and commercial buildings.“When the mall goes online, it will leverage even more potential from Boeung Keng Kang district.”According to Thyda, the construction of the building is nearly complete and the only work left is interior design of the mall. She added that tenants include a supermarket, cinema, bakery, restaurants, cafes, and entertainment venues. Additionally, the mall has a parking lot that can host 79 cars and 317 motorbikes. To stay updated on all real estate and business stories in Cambodia, sign up for our newsletter.Article by:

Cambodia’s tourism is expected to increase with more direct flights to the Kingdom. This is opening new doors for new visitors, and potentially retirees. The Kingdom has long established itself as a pleasant and affordable place for seniors to spend their golden years. In this article will explain important points for aspiring expats seeking to retire in Cambodia. It encompasses the choice of visa, currencies & banking, healthcare, cost of living, transportation and where to live.Retirement Visa Regarding visa options, it is quite straightforward with its ER visa program, which enables foreign citizens over 55 to be eligible for visas lasting up to a maximum of 12 months. To get a retirement visa to Cambodia, it is necessary to apply for a regular visa first (E-class visa). The application can be made through the Cambodian Embassy, consulate in your home country or via the online visa portal. Once entering Cambodia, it is necessary to extend the visa to a retirement visa (ER) via a visa agency which will help in dealing with application forms to the Immigration Department. The following documents are required to complete the application:A passport with at least 6 months of validityA blank page in the passport for the visa issuanceA passport photoProof of retirement or pension schemeHealth certificateCriminal background checkAs of the latest update, the cost for the ER visa is approximately $290-$300 for a year. After the visa duration is completed, it must be renewed or extended if one wants to continue living in the Kingdom. It is possible to renew or extend the visa for a duration of 1,3,6 or 12 months.Currencies & Banking ABA Bank, Canadia, and ACLEDA are popular banks in Cambodia. (Source: Khmer Times)Cambodia uses dual currency: the Cambodian riel (KHR) and the US dollar (USD). It's important to note that only US notes are used, not coins, and there are no riel coins. Both currencies are widely used for everyday transactions. However, it is preferable to use riel when purchasing items, as the change is likely to be favourable.When it comes to banking, banks offer options to open accounts using riel or dollars as the default currency. Foreign retirees will also need to transfer their pension funds to a local bank or use a money remittance company. Fortunately, Cambodia has multiple choices for transferring funds from abroad. In Phnom Penh, several branches of Western Union, MoneyGram, and other money transfer companies offer these services.HealthcareAn important aspect of living abroad as a foreign national, especially for retirees, is the healthcare system and its affordability. Cambodia’s healthcare system has significantly improved over the last decade and continues to do so. There are several private clinics, and the public sector is continually developing its services and infrastructure.The Royal Phnom Penh Hospital is regarded as one of the best hospitals in the country. (Source: Supplied)The leading hospitals in Phnom Penh include Royal Phnom Penh Hospital, Calmette Hospital, and several clinics such as Intercare and Advance European Medicare Center. Moreover, dental care is generally of a good standard and quite affordable in Cambodia. Prices for scaling start from $30, and single-tooth implants are around $1,000. Pharmacies are easily found in most parts of the city, offering affordable and accessible drugs and medicines.Many retirees choose to purchase health insurance that covers them for medical treatment both in Cambodia and abroad. It's important to research and understand the healthcare options available and consider including medical expenses in your retirement budget.Where to LiveWhen it comes to deciding where to live, Cambodia offers a variety of landscapes to suit different lifestyle preferences. For those who prefer city life, Phnom Penh is the ideal choice as most economic activities happen in the capital. The city continues to grow with new shopping malls and high-rise buildings, both residential and commercial. Depending on the renter's budget and lifestyle preferences, renting a property in Phnom Penh can range from as low as $200 for a simple studio unit. Modern units in high-rises with a variety of amenities and services start from at least $700 in prime locations such as BKK1, and Tonle Bassac.  BKK1 district is a popular neighbourhood where expats choose to live in Phnom Penh. (Credit: Realestate.com.kh)For a more laid-back lifestyle, Siem Reap is a preferred destination. It is notably popular due to its proximity to the Angkor Wat temple complex, the largest religious monument in the world. It is known to be a more tourist-driven city with an expat community, multiple entertainment options, and dining places that contribute to making the life of retirees pleasant while enjoying a jungle-like environment. Housing options in Siem Reap differ from Phnom Penh, with no high-rise developments but quality accommodations available throughout the town. Rental prices for studios can range from a minimum of $200 depending on the location to more integral resorts such as Angkor Grace.Sihanoukville, Kampot, and Kep are also popular destinations for retirees. In the last decade, Sihanoukville has seen significant development, especially with the construction of new buildings, casinos, and other entertainment facilities. It offers a beach getaway to the islands of Koh Rong and Koh Rong Sanloem for those who enjoy the beach. Kampot and Kep are known for their slow-paced lifestyle, with a community of expats and retirees enjoying their golden days in the countryside.Transportation Transportation in Cambodia is relatively affordable, with options including tuk-tuks, motorbikes, trains, and buses. Tuk-tuks are a popular mode of transportation for short distances within cities, while motorbikes are commonly used for longer trips or exploring the countryside. Buses are available for intercity travel, with both short and long-distance routes. However, it's important to note that road safety and infrastructure in Cambodia may not be up to Western standards, and caution is advised when using transportation options.Cost of LivingCambodia is known for its affordable cost of living, making it an attractive option for retirees on a budget. Expenses such as housing, utilities, transportation, food, and entertainment are generally lower compared to many Western countries. Monthly living costs can vary depending on your lifestyle and location, with Phnom Penh being relatively more expensive than other cities.Below is an approximate average of the costs of living in Phnom Penh.ExpensesAverage Costs Monthly ($)Water$5 onwardsElectricity$20 onwardsGas$15-$17 (depending on market price)Food $150-$300Transportation$50-$150Retiring in Cambodia has become a popular option for foreigners seeking to enjoy their retirement without compromising on quality. The ease of obtaining the Cambodia ER visa, healthcare facilities, affordable cost of living and a large variety of housing options are just a few of the reasons why many choose Cambodia for their golden years.If you are interested in learning more about properties in Cambodia, our real estate agents are ready to assist you. Contact us today.  Click Here

This year’s World Bank Ease of Doing Business report ranked the country 185 out of 190 when it comes to starting a business in Cambodia. However, many foreigners are still attracted to the Kingdom as a place to begin their journey as entrepreneurs. The report showed that it took an average of 99 days to complete all the legal procedures to register an enterprise. It should be noted, however, that there are a wealth of options other than starting from the ground up. Many people choose to join up with a business that is already established. Others will hire a local fixer to help smooth the process of starting up an operation.Michelle Brown, the founder of Kampot’s Bohemiaz Resort and Spa, notes that she had a close friend living in the country help with the initial process of starting a business in Cambodia. Her associate then came on as a manager and helped find staff when they opened in 2014.Indeed, if you decide you want to try starting a business in Cambodia in either the food and beverage or hospitality sector, you can often find places that are already for sale. Perhaps you want to start a bar, guesthouse or restaurant. Just search business for sale in Cambodia on our site to check out options.‘Unofficial fees’ for doing business in CambodiaUnfortunately, Cambodia still has a reputation for being a place where bribes are a part of the business environment. To be sure, however, things are getting better day by day. Since many processes are quite slow, business owners will sometimes pay unofficial fees to expedite them. Realestate.com.kh does not endorse any form of bribery and recommends full compliance through official channels only.Sole proprietorship in CambodiaDo you want to start a sole proprietorship or a partnership? What licenses will you need? Will you be hiring workers? These are all questions you should be answering before you start the registration process. BNG Legal has this handy guide on their website that you can use as a jumping off point when you begin the process of starting a business in Cambodia.In fact, it wouldn’t hurt to get legal advice from a lawyer in the country. Just a short meeting can often be indispensable for sending you in the right direction. Registering a company in CambodiaBefore starting the registration process you will need:a valid business visaa local bank account with at least $1,000 depositeda certificate of health and a criminal background check from your home countryNote that you should open a bank account with a bank where you can pay government fees such as Acleda, FTB or Canadia Bank.After you have these materials it’s time to start the government registration process. This process will take you through the Ministry of Commerce (MoC), the General Department of Taxation (GDT) and the Ministry of Labor and Vocational Training (MLVT). Luckily, much of the MoC process can be completed online. Refer to the government's guide to registering a Cambodia business for more details.Cambodia business license costWhen the MoC process is complete you will only have two weeks to register as a taxpayer with the GDT. There you can either register for six months or one year as a taxpayer. The fee is $500 or $650, respectively. All documentation from the GDT is usually completed in less than a month.The MLVT process can also be completed—at least in part—online. Note also, that businesses will have to register for the National Social Security Fund here, dependent on how many employees they have.Additionally, there are licences that will be needed. This depends on the sector in which your business operates. If you are starting a guesthouse or restaurant the Ministry of Tourism will be where you go. These licences usually need to be renewed annually.Paying salary tax, profit tax and value-added tax (VAT) is done by the 20th of each month.Securing funding for your Cambodian businessThere are many different ways of getting the capital you need to initiate starting a business in Cambodia. Perhaps you want to scout out investors. Or maybe you want to raise the money yourself or pool funds with a partner. Every industry will have different needs when it comes to initial investments.What kind of business could you start in Cambodia?Traditionally, most foreigners coming to the country start Cambodian businesses in the tourism industry. This means bars, restaurants, guesthouses or tour companies. Many from other areas of Asia also find success expanding their existing operations in manufacturing or production. Increasingly, there are companies springing up in the tech, real estate and financial sectors. This is because the country has reasonably good technical infrastructure and a quickly growing and urbanising population. Make sure to do your research before diving into the country.Finding a space for your Cambodian businessOne of the biggest attractions of starting a business in Cambodia is the affordable real estate here. What’s more, it can be easy to find a space for sale that is already set up for what you need. If you want to start a hotel just search the listings on our site. Looking for a place with everything you need can sometimes be difficult. We recommend consulting the expert assistance of a real estate agent. They can help you zero in on what you need. Of course, if your operation is small you can look at coworking spaces. These are becoming more and more popular in the country and can be an affordable way to get started quickly.Hiring staff for your business in CambodiaHiring staff members is a long and intimate process. However, if it is done right your business will reap the rewards. The Kingdom is disproportionately young, so take this into consideration. A job with the right salary and a possibility of advancement will, hopefully, generate lots of interest.Training can be absolutely pivotal for new employees. Don’t let the cultural divide get in the way, either. If your enterprise is big enough, definitely consider hiring a professional HR manager that can solve any staffing issues.Cambodian offices are usually open for 40 hours a week, but many also work Saturday mornings as well to hit 45 hours a week. The Kingdom has a whopping 28 days of public holiday a year. Many businesses are starting to move towards a less holiday-intensive schedule, but compromises often need to be made. Family is a very important aspect in Khmer culture. Some businesses also choose to add one workday every month to make up for the holidays.Benefits and health insurance are on the rise in Cambodia. However, salary is still one of the most important factors for new hires. There is no hard and fast rule for Cambodian wages. In general, you get what you pay for. Staff with higher skills and more job prospects will command a higher wage. The best way to settle on a fair salary is to do plenty of research. Find out what similar positions in the country are offering. Staff retention is one of the biggest problems you could encounter after starting a business in Cambodia. It’s vital to find the right workers, invest in them and build a strong workplace culture. You can use a staffing agency, job site such as BongThom.com or ask for recommendations from trusted friends. If you plan ahead and emphasise thorough training you and your staff will succeed.Commenting on the rewards and challenges of hiring local staff, Bohemiaz’s Michelle Brown said that seeing her employees grow has been one of the most exciting parts of her experience after starting a business in Cambodia.“It just took some time to adjust to learning how to communicate … the most rewarding thing about what I have created at Bohemiaz isn't the development of the resort but seeing the young girls I employed four years ago blossom into amazing young ladies with real career aspirations and desire to travel and learn,” she said.Buying a business in CambodiaAnother popular option is to buy a business that is already set up. This is especially good if you want to start a hospitality business. Usually, you can find turnkey operations that already have a staff in place, all the needed infrastructure and even a customer base.A few specialty agents operate in the selling of turnkey businesses. One of the major names is Asian Business Brokers. What's more, these agents can also help new owners navigate the laws and requirements to help them get off the ground. Many agents suggest doing your research and having a good plan in place. Watch the video above, Crispian Knowles from Asian Business Brokers says that people need to be fully prepared before they start a business in Cambodia.There are tons of events going on across the country where you can spread the word about your business. Expos and trade shows go on all the time for sectors ranging from real estate and construction to cosmetics and travel. Get your brand out there!Networking with other Cambodia business ownersFellow business owners can be some of the best resources for advice. There are already tons of organisations in the country where you can connect with entrepreneurs from your country. Check out the American Chamber of Commerce in Cambodia (AmCham), BritCham and EuroCham. Their sites have tons of resources and their events are a great place for networking.More informal networks can be found in groups on Facebook and other social media. Finding like-minded individuals will help while you are starting a business in Cambodia. You will eventually get to know other business owners in the area and it can be good to show support for each other. After all, everyone benefits from a growing economy, right?Business Etiquette: Doing business in CambodiaJust like in any other country there are difficult parts to starting a business in Cambodia. You can learn from the mistakes of others, however, and come out ahead. One of the biggest tips you hear from entrepreneurs is to surround yourself with people you trust. Whether it’s business partners, staff or landlords, only rely on people who you truly have faith in. Your business should be like your child. After all, you wouldn’t let just anyone off the street babysit for you, right?Make sure you plan ahead. Do your research. Talk to experts. Ask lots and lots of questions. There is no such thing as too much preparation. Calculate everything out and have a plan in case it all goes wrong. You will thank yourself later.Lastly, and perhaps most importantly, stay flexible. Remember, Cambodia is still a developing nation. There will be setbacks and there will be headaches. If you can roll with the punches you will be that much better off.Brown mentioned that one of the biggest challenges she has faced has been with bank and government contracts. She urged business owners to be totally sure of all the details before signing on the dotted line.“Initially it was also difficult to get a regular supply of imported products, however in the last couple of years the supply chain has vastly improved and the range of western products in Kampot is now amazing,” she added. Creating a successful Cambodia businessGrowing a successful business isn’t easy. It definitely is possible, however. If you work hard you will have something to show for it. Surely you will learn loads about yourself and about this wonderful country.Don’t forget that Realestate.com.kh can help you nearly every step of the way, either. Besides helping you find real estate, our news section can keep you up to date on the sector. Click over to our reports section to check out surveys and reports. Additionally, we have other guides like this one that can help educate you and improve your skills.If you liked this guide you'll love our Investment Guide 2019. Download it for free and learn everything you need to know to start a business! Article by: