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Understand the Jurisdictions Setup Requirement Before Proceed Your Company Incorporate in Cambodia
Cambodia is considered one of the emerging destinations for international businesspeople. The corporations interested in profiting in the opportunities are currently being noticed in the region. Of great concern are the food and beverage industries, hospitality, and tourism industries as well. Savvy entrepreneurs are trooping in to set up the business to fill the glaring gaps that have always existed after the region began enjoying relative peace following the turbulent years. If you are interested in a company incorporate in Cambodia, then now would be the right time, and at 3E Accounting, we are ready to make the incorporation process as smooth as it can possibly be.
Types of Legal Entities in Cambodia
For those interested in doing business in Cambodia, here are the various incorporation options at your disposal. If you are not sure about the specific type of entity you should register, feel free to contact our business formation experts in Cambodia for immediate assistance.
Private Limited Company in Cambodia
Private Limited Company is one of the most preferred entities by foreigners who desire to do business in Cambodia. It is easy to set up and it comes with certain subtle tax advantages that make it extremely appealing to foreign investors. Some of the requirements for setting up a private limited liability company include-:
- A paid-up capital of at least $1000.
- At least one director. The director can be a foreigner and doesn’t have to be a resident of Cambodia.
- At least two shareholders
- A corporate bank account
- A real office space
- A local name in the Khmer language
Public Limited Company – Cambodian Joint-stock Corporation
The procedure and requirements for forming a joint-stock corporation in Cambodia are the same as that of limited liability formation. It is only that a joint-stock company can trade in shares and can have more than 30 shareholders. Again, only companies, financial institutions and banks listed in the Phnom Penh Stock Exchange can set up public limited companies in Cambodia.
Branch Company in Cambodia
Foreign companies are free to open up branch offices in Cambodia as long as they appoint a representative. The name of the branch companies must be the same as the name of the parent companies without any variation.
Cambodia Representative’s Office
Foreign companies can also start a representative office in Cambodia according to the provisions of Cambodian Law on Commercial Enterprises. The name of the representative office must be the same as the name of the parent company, and they must not engage in productive or commercial operations.
Work With Us
Irrespective of the legal entity you want to register, our experts in company incorporate in Cambodia are ready to give you all the assistance you need. We have legal experts, qualified accountants and tax experts who will complete every aspect of your company formation. We will also help you with tax optimization so that you take advantage of the various tax incentives for more profitability and ease of doing business in Cambodia. Contact us today and learn more about our business incorporation services in Cambodia.