FAQ
You can learn more from our frequently asked questions.
There are three main business forms: sole proprietorship, partnership, and private limited company. Foreign companies can also choose to structure their investment as foreign branch, wholly owned subsidiary, and representative office.
Absolutely YES
It takes around 15 to 20 business days. However, it might take longer if the provided information or documents are incorrect, or shareholders or directors are associated with tax liability.
The minimum capital requried by law is $1,000. However, the registered capital should be based on business plan which should include capital expenditure and operating expenditure.
The company can be 100% foreign owned. One limitation is that the company cannot own land, which requires Cambodian shareholding of at 51%.
It depends on business forms, shareholder structure, etc. However, it costs around $700 - $2,000.
If the revenue threshold is below $62,500 per annum, the business need to register with one-stop window service at the district that business is located, and they are not required to pay taxes. If the revenue exceeds the threshold above, you are required to register with Ministry of Commerce, and other relevant ministries.
There are various obligations including maintaining proper accounting records, filing monthly tax and annual tax obligations, submission of annual declaration of commercial enterprises, etc.
Our fees may depend not only upon the time spent on your affairs but also on the level of skill and responsibility, and the importance and value of the advice that we provide, as well as the level of risk.
Tax audits are not conducted on every taxpayer annually; instead, taxpayers may undergo audits based on risk analysis criteria chosen by tax authorities.
Companies, which are medium and large taxpayer, are required to keep the accounting records for 10 years.
There is no requirement to use specific accounting software as long as the company uses one. However, accounting software should be in Khmer language. If not, the company can request to use English language software from Accounting and Audit Regulator.
Medium and large taxpayers can submit their tax returns through the E-filing App, and small taxpayers can submit their returns through GDT Tax Prefilling App. Companies can make tax payments via E-Payment.
Cambodia offers various investment incentives to encourage domestic and foreign investment. The company can enjoy tax holidays ranging from 1 to 9 years, exemptions from customs duties and import taxes, other investment incentives if the company obtain Qualified Investment Incentive (QIP) status. In addtion, there are other tax exemptions depending on the sectors such as agriculture, medical etc.
1. Public enterprises;
2. Public accountable entities;
3. Qualified Investment Projects (“QIPs”); and
4. Enterprises that meet two of these three criteria:
(a) have over 100 employees;
(b) annual turnover above USD 1 million or more;
(c) total USD 750,000 or more in assets at the end of the accounting period.
2. Public accountable entities;
3. Qualified Investment Projects (“QIPs”); and
4. Enterprises that meet two of these three criteria:
(a) have over 100 employees;
(b) annual turnover above USD 1 million or more;
(c) total USD 750,000 or more in assets at the end of the accounting period.