{"id":2011,"date":"2023-02-14T12:15:08","date_gmt":"2023-02-14T04:15:08","guid":{"rendered":"https:\/\/www.manhattansez.com\/?p=2011"},"modified":"2023-07-13T10:00:50","modified_gmt":"2023-07-13T02:00:50","slug":"setting-up-a-business-in-cambodia","status":"publish","type":"post","link":"https:\/\/www.manhattansez.com\/en\/setting-up-a-business-in-cambodia\/","title":{"rendered":"5 Steps for Business Registration in Cambodia: A Comprehensive Guide for Entrepreneurs"},"content":{"rendered":"\n

Are you conducting a business registration in Cambodia? Cambodia, despite being classified as a medium-level country in terms of economic development, offers significant depth and potential for foreign investment. .<\/p>\n\n\n\n

To establish a company in Cambodia, registration with the Ministry of Commerce (MoC) and the General Administration of Taxation (GDT) is mandatory. Registering with the MoC is a relatively convenient process, as it allows businesses to complete the registration online through the business registration portal. However, depending on the specific industry, additional registrations with other relevant departments may be required. For instance, travel agencies must register with the Ministry of Tourism, while private universities must register with the Ministry of Education, Youth, and Sports. The General Administration of Taxation in Cambodia also offers an online registration system, making it easier to complete the registration declaration.<\/p>\n\n\n\n

In the following sections, we will delve into the regulations and types of companies in Cambodia, outlining the procedures for company establishment as well as the obligations that arise once a company has been established.<\/p>\n\n\n\n

Step 1: Determine Your Business Structure<\/h2>\n\n\n\n

6 entitie Types in Cambodia<\/h3>\n\n\n\n

When it comes to establishing a company in Cambodia, it is crucial to carefully consider and select the most appropriate business entity. In Cambodia, you have a range of options to choose from, including six different types of entities:<\/p>\n\n\n\n

    \n
  1. Sole Proprietorship: This is a business structure where a single individual owns and operates the business. It is the simplest and most straightforward form of business entity, offering full control and ownership to the individual.<\/li>\n\n\n\n
  2. Partnership: A partnership involves two or more individuals or entities joining together to operate a business. Partnerships can be either general partnerships or limited partnerships, each with its own set of rights, responsibilities, and liabilities.<\/li>\n\n\n\n
  3. Limited Liability Company (LLC): An LLC is a popular choice for many businesses as it provides limited liability protection to its owners, known as members. It combines the flexibility of a partnership with the limited liability benefits of a corporation.<\/li>\n\n\n\n
  4. Public Limited Company (PLC): A PLC is a type of company that can offer its shares to the public through a stock exchange. It is suitable for larger-scale operations and raising capital from a wide range of investors.<\/li>\n\n\n\n
  5. Branch Office: This option allows a foreign company to establish a branch in Cambodia, enabling it to conduct business activities in the country. The branch office operates as an extension of the foreign company and must comply with Cambodian laws and regulations.<\/li>\n\n\n\n
  6. Representative Office: A representative office is primarily established for non-profit activities, such as market research, promotion, or liaison purposes. It is limited in its commercial activities and cannot generate direct revenue in Cambodia.<\/li>\n<\/ol>\n\n\n\n

    Each business entity type has its own advantages, disadvantages, and legal requirements. It is essential to consider factors such as the nature of your business, desired level of liability protection, and long-term objectives before making a decision. Consulting with legal and business professionals familiar with Cambodia’s regulations can help you make an informed choice for your company.<\/p>\n\n\n\n

    \"Types-of-business-in-cambodia\"<\/figure>\n\n\n\n

    Step 2: Choose Company Officers<\/h2>\n\n\n\n

    As you move forward with company registration, it’s important to consider the selection of company officers.<\/p>\n\n\n\n

    For a private limited company, it’s mandatory to have at least one director, while a public limited company must have a minimum of three directors. The nationality of the company directors is not restricted.<\/p>\n\n\n\n

    A private limited company must have between 2 to 30 shareholders. Alternatively, a single-member private limited company can be formed by a single individual.<\/p>\n\n\n\n

    Company Type<\/th>Minimum Number of Directors<\/th>Maximum Number of Directors<\/th>Minimum Number of Shareholders<\/th>Maximum Number of Shareholders<\/th><\/tr><\/thead>
    Private Limited Company<\/td>1<\/td>No maximum limit<\/td>2<\/td>30<\/td><\/tr>
    Public Limited Company<\/td>3<\/td>No maximum limit<\/td>N\/A<\/td>N\/A<\/td><\/tr>
    Single-Member Private Ltd. Co.<\/td>N\/A<\/td>N\/A<\/td>1<\/td>1<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Don’t Forget to Point The Registered Agent for business registration in Cambodia<\/h3>\n\n\n\n

    It’s essential to appoint a registered agent for the company. The registered agent must be a legally competent individual and a resident of Cambodia. Their role is to receive official documents and papers from courts on behalf of the company.<\/p>\n\n\n\n

    <\/p>\n\n\n\n

    Step 3: Prepare the Articles of Incorporation<\/h2>\n\n\n\n

    You’ll need to prepare the articles of incorporation. The document should contain the following details:<\/p>\n\n\n\n