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SOVANN

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  1. Asked: December 9, 2020In: Money

    How many years is the construction license valid?

    SOVANN
    SOVANN Experienced
    Added an answer on December 9, 2020 at 9:18 am

    License fee Applicants for a license to operate as an independent engineering company must pay a license fee of R2,000,000 (two million Riels). This license fee must be paid to the General Department of National Treasury by order of the Inter-Ministerial Working Group to manage the business developmRead more

    License fee

    Applicants for a license to operate as an independent engineering company must pay a license fee of R2,000,000 (two million Riels). This license fee must be paid to the General Department of National Treasury by order of the Inter-Ministerial Working Group to manage the business development of the object.

    License Validity

    This license is valid for 3 years from the date of signing. The licensee must apply for renewal of the license 30 days prior to the expiration of the license and must pay the renewal date upon first application. .

    The inter-ministerial working group has the right to renew the license, with or without conditions, or if the license holder does not meet the conditions. Any requirements set by the inter-ministerial working group.

    Who can apply for a license?

    Construction engineer who has graduated and has practical work experience in a field with a business certificate, construction or design project. From the Ministry of Land Management, Urban Planning and Construction or a member of the Board of Engineers of Cambodia who has been recognized and approved by the Ministry of Land Management, Urban Planning and Construction.

    You can apply for a service license as an independent engineering company according to the form prepared by the inter-ministerial working group at the secretariat of the inter-ministerial working group to manage Real estate development business located at the Real Estate Management Office of the Department of Financial Industry of the Ministry of Economy and Finance

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  2. Asked: December 9, 2020In: Money

    What are the four strategies in industrial policy?

    SOVANN
    SOVANN Experienced
    Added an answer on December 9, 2020 at 9:14 am

    In the above industrial policy, the Royal Government of Cambodia has set out four strategies, including: Fristly, the reduction of electricity prices and the establishment of supply zones. Electricity to serve agricultural and industrial activities by helping to increase productivity, attract investRead more

    In the above industrial policy, the Royal Government of Cambodia has set out four strategies, including:

    Fristly, the reduction of electricity prices and the establishment of supply zones. Electricity to serve agricultural and industrial activities by helping to increase productivity, attract investment and increase business confidence.

    Secondly, the development of infrastructure throughout Cambodia, especially on the three transport routes, which have high priority and necessary for industrial development, connectivity, competition and demand. Of the private sector.

    Thirdly, the establishment of mechanisms to expand the labor market and specialized skills to ensure adequate labor supply and better productivity; and fourth, the transformation. Sihanoukville to become a special economic zone and develop green industry in the future.

    Fourthly, the Royal Government of Cambodia is committed to implementing a number of other important action plans, such as strengthening and expanding national and international roads connecting neighboring countries, and strengthening road transport. Water, increasing and expanding railways, developing seaports and river ports, and reducing logistics costs.

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  3. Asked: December 8, 2020

    What does financing mean?

    SOVANN
    SOVANN Experienced
    Added an answer on December 8, 2020 at 2:17 pm

    Therefore, in practice, the term "financing" refers to the provision and receipt of money or funds to support the operation of a business project. According to modern concepts, the term "financing" has two types: equity financing and debt financing. Ownership financing refers to the mobilization ofRead more

    Therefore, in practice, the term “financing” refers to the provision and receipt of money or funds to support the operation of a business project.

    According to modern concepts, the term “financing” has two types: equity financing and debt financing. Ownership financing refers to the mobilization of financial resources through the issuance and sale of equity securities, such as securities, stocks, and so on.

    Debt financing refers to the mobilization of financial resources through the publication and sale of debt securities, such as bonds and other liabilities in the financial or capital markets.

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  4. Asked: December 8, 2020

    What is a Check?

    SOVANN
    SOVANN Experienced
    Added an answer on December 8, 2020 at 2:13 pm

    The Check must be paid at the time of presentation to the bank and in accordance with the requirements set forth in the Law on Tools. Trade and make payment transactions. Securities are mainly used by businesses. Securities circulating in the system include US $ and KHR, but securities The US dollarRead more

    The Check must be paid at the time of presentation to the bank and in accordance with the requirements set forth in the Law on Tools. Trade and make payment transactions. Securities are mainly used by businesses.

    Securities circulating in the system include US $ and KHR, but securities The US dollar is more widely used, accounting for more than 90% of all national football clearances.

    In addition, Checks are used as a means of transferring currency between banks due to the lack of an interbank transfer system. In September 2008, the National Bank of Cambodia issued a Prakas on Standard Securities for Securities. In all payment systems, there is a unified standard form in order to ensure effective and efficient interbank payments and payments. Smoothly.

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  5. Asked: December 8, 2020

    Are taxes and duties different?

    SOVANN
    SOVANN Experienced
    Added an answer on December 8, 2020 at 2:10 pm

    The same thing: Taxes and duties have the same general meaning, it is the duty of every citizen and every economic component is paid to the state in accordance with the law. The diferences: The term tax refers to the obligation of citizens and all economic components to pay (cash or objects) to theRead more

    The same thing: Taxes and duties have the same general meaning, it is the duty of every citizen and every economic component is paid to the state in accordance with the law.

    The diferences:

    The term tax refers to the obligation of citizens and all economic components to pay (cash or objects) to the state in accordance with the law directly. Simply put, taxes mean direct taxes or direct duties or obligations that are required to be paid directly by the taxpayer.

    For example, payroll tax is a direct tax because it has to be paid directly by the taxpayer. Profit tax is a direct tax because it is required directly from the company or trader. And the tax on means and vehicles is a direct tax because it is required from the vehicle owner.

    The term’s refers to the obligations of citizens and all economic components to be paid (cash or objects) to the state in accordance with indirect laws. Simply put, “tax” means an indirect tax or indirect burden or indirect obligation to be paid indirectly by the taxpayer.

    For example, value-added tax is an indirect tax levied on goods or services purchased from end users. The special tax on some goods and services is an indirect tax because it is paid by the consumer, not the supplier.

    Accommodation tax is an indirect tax because it is paid by the hotel guest, not by the owner of the hotel or guesthouse.

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