Category: Make Money

Explore opportunities to boost your income in Cambodia with Angkor Times. From insightful blogs on starting a business, investing, and making money online, to updates on the latest trends in startups and SMEs in Cambodia, this category offers practical tips and strategies to help you succeed in the Cambodian market. Stay informed and take your financial journey to the next level.

Angkor Times Latest Questions

SOVANN
SOVANNExperienced
Asked: November 22, 2020In:

In short, yes. Buying a condo unit from a reputable developer requires less work and is generally safer compared to buying a property through a holding company or a local nominee. With that said, Cambodia has favorable ownership regulations and ...Read more

In short, yes. Buying a condo unit from a reputable developer requires less work and is generally safer compared to buying a property through a holding company or a local nominee. With that said, Cambodia has favorable ownership regulations and foreigners can get hold off freehold property, having total control of their properties.

It’s important to do thorough due diligence whatsoever, to avoid future disputes and that the property has mortgages or other liens tied to it.

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buy property in cambodiacambodia
SOVANN
SOVANNExperienced
Asked: November 22, 2020In:

Australians are treated in the same way as other foreigners and have no issues buying strata-titled (condominium) units without the need of setting up holding companies or to partner with local nominees. Read more

Australians are treated in the same way as other foreigners and have no issues buying strata-titled (condominium) units without the need of setting up holding companies or to partner with local nominees.

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buy property in cambodia
SOVANN
SOVANNExperienced
Asked: November 22, 2020In:

Buying Property in Cambodia: The Definitive Guide Do you plan to buy property in Cambodia? It’s also the last frontier country in Southeast Asia where it’s comparatively easy to start a business. With that said, being a developing country, things are done differently ...Read more

Buying Property in Cambodia: The Definitive Guide

Do you plan to buy property in Cambodia?

It’s also the last frontier country in Southeast Asia where it’s comparatively easy to start a business.

With that said, being a developing country, things are done differently compared to what many foreigners are used to.

Before you engage in Cambodia’s property market, it’s important that you learn about ownership regulations, property options available, where you should buy property, and more.

Source: asiapropertyhq.com

Can foreigners buy property in Cambodia?

Cambodia’s property ownership regulations are similar to those in Thailand and many other Southeast Asian countries. Here, foreigners can only get freehold ownership of strata-titled properties (mostly condos) and aren’t allowed to own land.

Similar regulations apply in the Philippines, Vietnam, and Thailand, just to give you some examples. As read in Article 16, “Amended Law on Investment”, persons with Cambodian citizenship or Cambodian entities have legal rights to own land.

It’s simple as that. But there are ways for foreigners to buy and at least control land.

Source: asiapropertyhq.com

Buying Land in Cambodia

You can buy land in four different ways in Cambodia. The process is not risk-free, nor easy if you’ve never engaged in the Cambodian property market.

Therefore, I highly recommend you to hire a reputable property lawyer and real estate agent earliest possible that can guide you through the buying process.

Let’s look at the four different options you have when buying land as a foreigner.

Source: asiapropertyhq.com

1. Buying Land Through a Cambodian Company

This is probably the safest option to buy land in Cambodia. It’s recommended in many other countries, including Indonesia . Bear in mind that the process to set up a company does require a bit of capital and time.

As foreigners can only own 49% of company shares, assure that you set up the company with partners you trust.

Despite being a minority shareholder of the company, you will be able to control the ownership of the property by using different contractual setups.

It’s crucial to do due diligence and appoint a property lawyer to help you through the process.

Source: asiapropertyhq.com

2. Setting up a Leasehold Agreement

Foreign investors can lease land for a period of 15 to 50 years.

Sometimes, you’ll be able to extend the lease up to 50 years. If the state owns the land, the maximum lease period is 40 years.

Keep in mind, one of the most important tasks to manage before entering a leasehold agreement with a landowner is to check the title.

The title includes information about:

Your rights to control the property

Your rights to sell or rent out the property

If there are any encumbrances or mortgages since previous ownership

Source: asiapropertyhq.com

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buy property in cambodiacambodia property ownership regulationscambodian citizenshipcambodian property marketforeigners
SOVANN
SOVANNExperienced
Asked: November 22, 2020In:

1. Long Term –> Agriculture If your strategy is to play long term, and create assets that are valuable for the next 50 years, look towards agriculture. its an easy win. Farming is largely backed by government support, and everyone seems ...Read more

1. Long Term –> Agriculture If your strategy is to play long term, and create assets that are valuable for the next 50 years, look towards agriculture. its an easy win.

Farming is largely backed by government support, and everyone seems to realize this is an important sector for the country.

Cambodia in 2012 received its FIRST order of rice from China, and it won’t be China’s last order of rice from Cambodia. Jim Rogers has stated that if you want to be rich “become a Chinese farmer.” Better yet, don’t become a Chinese farmer and start a business in a communist country – start an agriculture business, and sell the rice to the Chinese from right next door.

Cambodia is well positioned to be the agricultural hotbed of southeast Asia . As Vietnam, China and Thailand race towards development, a growing population and rising middle class will demand more protein. Food, in general, will see a massive increase in demand, and decrease in supply in the 21st century. Cambodia and Myanmar are strategically positioned to start an agriculture business.

2. Short Term Tourism

Tourism on the southern beaches could absolutely explode in coming years. A spillover from the overcrowded Thai tourism market is inevitable, and Cambodia has pristine beaches that rival any in neighboring Siam.

Tourism has been growing over 10% YOY in Cambodia.

2.8 million tourists visited Cambodia in 2011

12 percent more than the 2.5 million arrivals in 2010.

Compare this to the 15 million tourists that visited Thailand in 2011 , 55% of which were return tourists.

“Officials believe that international arrivals will reach 4.5 million by 2015 and 7 million by 2020” source , It is clear that the trend in UP for tourism, and there is still amazing beachfront plots available. Instead of wasting your money in Phuket , why not spring next door to the next Phuket.

Foreigners can’t own the ground floor of a building but are free to buy condos and other real estates, but it can if you get a passport… 3. Wildcard Investment –> Cambodian Citizenship Alternatively, if you have the cash and want to make a run at it, you might seriously consider a citizenship by investment, or even set up some sort of program that provides this service to others.

As it stands, the total cost of this citizenship will run you about $200,000.

Source: flagtheory.com

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agriculturecambodiatourism