Category: 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.

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Vanvutha Leang
Vanvutha LeangExperienced
Asked: February 12, 2021In:

The way to register a business in Cambodia is simply straightforward, you just need to follow the guideline of the Ministry of Commerce through the legal procedure. Registration for business now, you can conduct through the online system, which makes ...Read more

How do I register my business in Cambodia?

How do I register my business in Cambodia?

The way to register a business in Cambodia is simply straightforward, you just need to follow the guideline of the Ministry of Commerce through the legal procedure. Registration for business now, you can conduct through the online system, which makes it easy to do. However, the Moc gives you only 15 days to complete the application, otherwise, your documents will be eliminated from the system and you need to restart all over.

Before you decide to conduct registration, you must consider the type of business to run. There are several kinds of business out there in Cambodia, including sole proprietorship, private limited company, public limited company, a foreign company, or partnerships.

All of which require registration differently, so it’s worth understanding the procedure. In this article, you will understand the process of registration for each of those.

A. Sole Proprietorship (sole trader)

The type of enterprise, that business entity owned and run by only one person without legal distinction between owner and business.

To register:

            Step 1: To register, you need to log in as a registered user of the MoC website and choose “Incorporate a Sole Proprietorship”.

            Step 2: Filling general information, address and contacts information, and owner information.

B. Private Limited Company/ Public Limited Company/Foreign Company

All type of business is different from each other:

  • Public Limited Company refers to a company that opens publicly sell shares on the stock market.
  • Private Limited Company refers to companies that do not sell shares on the stock market and it limited the shareholders to the only maximum of 50 people.

To register:

Step 1: To register, you need to log in as a registered user of the MoC website and choose “Incorporate private limited company or public limited company”.

Step 2: Filling general information, address and contacts information, director information, and share and shareholders information.

C. Partnerships

It’s a kind of business that is owned and operated by several individuals.

To register:

Step 1: To register, you need to log in as a registered user of the MoC website and choose “Incorporate private limited company or public limited company”.

Step 2: Filling general information, address and contacts information, partner information, and manager information.

According to this process, registration is quite simple for entrepreneurs and business people to register. I hope this information will help people who would like to run a business understand this simple procedure.

More info, visit: https://www.businessregistration.moc.gov.kh/starting-a-business-2/register/

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Vanvutha Leang
Vanvutha LeangExperienced
Asked: February 11, 2021In:

Starting a business in Cambodia consider as the right choice for a businessman to earn more profits and revenue due to many advantages, however, to which business to start remains miserable. Talking about the Cambodian economy, a market opportunity is rated ...Read more

Phnom Penh Capital, Cambodia

Phnom Penh Capital, Cambodia

Starting a business in Cambodia consider as the right choice for a businessman to earn more profits and revenue due to many advantages, however, to which business to start remains miserable.

Talking about the Cambodian economy, a market opportunity is rated in high number, made business people more convenience to choose which is best and suitable for the current situation in Cambodia.

There are numerous market opportunities out there that will make it hard to choose which one to start since the gap of those opportunities remains tight.

However, in this article, I will derive simple information for you in each business opportunity to make you clearly understand to which you would like before you decide to start a business in Cambodia.

1. Real Estate

Most people in Cambodia nowadays undoubtedly focus on investment in real estate since the sector provides a high chance of profit. The issue of choosing the right house to live in poses a threat of owning debt to most locals and foreigners in Cambodia.

Related: 7 Things to Consider Before Buying a House in Cambodia

Generally speaking, to which location has the potential for development, the chance of increasing the price of those properties will be high. The same case has happened to the properties in Cambodia and this case has made people buy a secondhand house or seeking a house that remains at a low price.

Real Estate Business in Cambodia

Real Estate Business in Cambodia

In Cambodia, people often buy a house, located in a good place with a low price and they can sell it to other owners at a high price, so they can earn easy profit for themselves. In addition to this, it’s not the only house that on the trending list, but also lands.

2. Investing in Agriculture

Most Cambodian people still practice the traditional method of producing products from agriculture, including using animals, like the ox, rather than tractors, led to a lack of supply and spend much amount of time as well.

Investing in Agriculture in Cambodia

Investing in Agriculture in Cambodia

Therefore, the investor should think about the possibility of huge profits to invest in the agriculture sector in various ways in Cambodia.

3. Beverage and Fast-Food Franchises

The franchise sector remains in small amounts in Cambodia which give investor or business owner big opportunity to invest their money into it.

Related: 7 Things to Consider Before Buying a House in Cambodia

There are only several most profitable franchisees out there in the world that make it possible to open in Cambodia, including 7-Eleven, Dunkin’, Planet Fitness, Taco Bell, and many more.

Beverage and Fast Food Franchises in Cambodia

Beverage and Fast Food Franchises in Cambodia

Just to notice, people in Cambodia love to spend their money on new things and trending things, so there will be worth thinking about those high probabilities of huge profit.

4. Transportation sectors

Cambodia is a developing country and most people don’t have their vehicle that brings them to long-distance, so invest in transportation is worth consideration for the investor.

In Cambodia, most taxi drivers, buses, and other private transportations remain in low standard to treat their customers. There are numerous complaints from customers to certain transportation service, including put people overcapacity, losing stuff, running slow, and so on so far.

Transportation sectors in Cambodia

Transportation sectors in Cambodia

However, there are also good transportation companies out there in Cambodia, but only a few companies that receive fewer complaints. So, it can indicate that the competition regarding this sector is low, but the profitable opportunity is high.

These four sectors are the opportunities for investors and business owners to decide which best and suitable for Cambodian society at present. The need for good business is to treat customers as their customers.

 

 

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Vanvutha Leang
Vanvutha LeangExperienced
Asked: February 10, 2021In:

The Kingdom of Cambodia remains in consideration by many major economic drives as well as start-up business owners whether to start a business in Cambodia or neighboring countries. Among ASEAN nation-states, Cambodia is one of the newest ASEAN members, but ...Read more

The Kingdom of Cambodia remains in consideration by many major economic drives as well as start-up business owners whether to start a business in Cambodia or neighboring countries. Among ASEAN nation-states, Cambodia is one of the newest ASEAN members, but in the past years, the economic sector has grown unexpectedly, including tourism, agriculture, and garments industrial. Along with that, there are many positive reasons for business owners to invest or start a business in Cambodia. The following indications will provide clear information for investors positive clues to contemplate over the decisions to run a business in Cambodia.

Why should I set up my business in Cambodia over neighboring countries?

Why should I set up my business in Cambodia over neighboring countries?

1. Cambodia is a market opportunity

In a developing country, like Cambodia, provide business owner a lot of opportunities to conduct and start-up business. As we can see, many products in Cambodia are imported from neighboring countries, especially Vietnam and Thailand. It is crucial to study business ideas from bordering countries and start-ups in Cambodia because the demand will be high for local consumers in the sense that the price will be lower than foreign products.

Related: 7 Reasons to Invest in Cambodia Property

2. Low Labor Cost

Cambodia’s labor cost is less than its neighboring countries and with this advantage, the business, which starts-up in Cambodia will have the opportunity to recruit plenty of people to work with a low labor cost in order to earn more profit and revenue.

3. The Growth of Economy

According to World Bank, economic growth in Cambodia remains strong because it reaches 7.1 percent in 2019. However, the Cambodian economy projected to negative growth of -2 percent, the worst decrease in the recent history of Cambodia. In this case, we still trust the growth on the post-pandemic since not only Cambodia, but the world economy has been struggled and led to declining as well.

Cambodia GDP Growth Forecasts

Cambodia GDP Growth Forecasts

4. Government Stimulus

In March 2019, the Cambodian government announced a program of economic reform which introduced the strategy of several key money-saving initiatives for private business, including reducing shipping costs, port service fees, and electricity, and along with that a reform of railway operation management as well.

5. Dollar Economy

The dollar in Cambodia flows quite smoothly, and there is almost 80 to 82 percent of the business is using the dollar to facilitate the process of their economy. In this factor, it will be easier for foreigners to avoid currency conversion.

 6. Youthful Workforces

There is a high number of youths in Cambodia who seeking the proper workplace. Having said that youth is a potential factor in the certain economy, including industrial, manufacturer, and relevant field. However, educational youth also graduate with unemployment status remains a bit high as well. Hence, the company can recruit more youth to work even easier.

Even though Cambodia is still on the list of developing countries, however, the potential of economic growth still goes on from badness to better. These are potential factors that worth considering starting up a business in Cambodia. In case we look at Cambodia as a whole, we will avoid starting, but if we break factors into pieces, the advantages are more than disadvantages.

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Angkor Times
Angkor TimesExperienced
Asked: January 15, 2021In:

Although 2020 has passed, it has left a tragedy due to the spread of Covid-19 virus, which has severely affected the economies of many countries around the world. In addition, Cambodia has also been affected by Covid 19. There may ...Read more

Although 2020 has passed, it has left a tragedy due to the spread of Covid-19 virus, which has severely affected the economies of many countries around the world. In addition, Cambodia has also been affected by Covid 19. There may be many questions on this issue, how will the real estate sector change in 2021? Decline or increase?

According to Mr. Virak Virak, CEO of Century21 Fortuna Investment International Real Estate Agency, told Business Cambodia that the real estate sector in Cambodia in 2021 will increase.

Real estate sector change in 2021 in Cambodia

Real estate sector change in 2021 in Cambodia

And the reason for the increase is because in 2020 there was a global epidemic of Covid-19 virus for almost a full year from February to December until now, some sectors have been particularly affected. That is related to tourism and hospitality, as it affects some sectors as well, such as the real estate sector, which makes some investors withdraw to return to their home countries without being able to continue investing or operating their businesses.

However, by 2021, the situation of Covid-19 has improved a lot, because in other countries can control the situation and, in some countries, can produce more vaccines to prevent that. The prevalence of Covid-19 has been greatly reduced. And in a little while, I think in the next two to three months, cross-border travel will increase, so that the investors will be able to resume their duties, and like other business owners who have left the country. The rebirth of the Covid epidemic will return, so some businesses will gradually resume, investors will start to come and the situation of Covid in the country can be controlled, so that some sectors, especially real estate will start to increase gradually, and in 2021, while the Royal Government has also forecast economic growth in Cambodia.

How will the real estate sector change in 2021 in Cambodia

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Angkor Times
Angkor TimesExperienced
Asked: January 15, 2021In:

In 2021, the effects of the economic crisis caused by Covid 19 will not be over, but hopes have been fulfilled as the land acquisition trend has begun. Where should investors invest in land other than Phnom Penh?  There is a ...Read more

In 2021, the effects of the economic crisis caused by Covid 19 will not be over, but hopes have been fulfilled as the land acquisition trend has begun.

In 2021, which provinces should you invest land in and why

In 2021, which provinces should you invest land in and why

Where should investors invest in land other than Phnom Penh?  There is a lot of opportunity to increase the price due to many reasons and favorable factors.

These provinces are located in the coastal and lowland areas of the country, such as:

  1. Kampot

Due to the special infrastructure, National Road 3 will be completed this year with favorable geographical factors, combined with local infrastructure such as the new Kampot tourist port, cargo port, smart city development project at the foot of Bokor Mountain and investment projects. More leisure homes, such as Kampot Thansur, projects along the Kampot canal, will encourage investment from local investors, which will automatically increase land flow.

In the next few years, Kampot will have a 45-storey twin business center will appear, which will take the province to a new level in the field of trade and commerce.

2. Koh Kong

The province is a bit far, but in the future, the distance will be shortened as Darasakor International Airport will be completed and put into operation by the end of this year.

In addition, the first deep-sea port project in Koh Kong province, the expansion of National Road No. 48 and the construction of National Road No. 10 connecting Samlot district, Battambang province to Pursat province before connecting with Koh Kong province will increase investment in this province. This will increase land prices and land swaps, especially in the Trapeang Rong area, such as Jiphat Tatai.

Development of Trapeang Rong area because this area is full of natural resources that are beautiful and an attractive tourist attraction, especially this area has 6 months of salt water and 6 months of fresh water in each year cycle.

3. Mondulkiri

The development plan of the inter-ministerial government, under the leadership of the Ministry of Tourism, will turn Mondulkiri into a high-level leisure destination and a multi-purpose economic zone, especially the construction of a regional or international airport, which will begin later this year. After the government allowed Powerchina Group to study and invest in BOT.

The government plans to turn the province into a flower and vegetable growing area to supply tourists across the country due to the quality of the soil, air and favorable weather conditions.

4. Kandal

Due to its geographical location around Phnom Penh, Kandal is still a potential province because it is an area that is easily affected by the development of Phnom Penh.

Kandal Province Although Cambodia as well as the world have been affected by the global economic crisis, the province is still thriving and land exchange activities and land prices continue to rise due to the many infrastructure connected to the province, such as the Third Ring Road project 4 New Phnom Penh International Airport.

5. Kampong Speu

Kampong Speu is also a province that has emerged in recent years due to government policies, especially the relocation of factories from Phnom Penh to this province, especially the area of ​​National Road 41 and National Road 51.

Kampong Speu also has plans to develop many new factories, especially in provinces with major national roads.

Invest land in Cambodia

Invest land in Cambodia

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