Phnom Penh’s condo market has been volatile and in a bubbly phase, mainly due to speculation and high supply. ...Read more
Phnom Penh’s condo market has been volatile and in a bubbly phase, mainly due to speculation and high supply.
Read lessCategory: 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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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.
Read lessBuying 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
Read less1. 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
Read lessWant a 2nd passport? You can get a legit Cambodian citizenship and 2nd passport. It’s also a great place to form a company and start a business, and here’s why… Most wanderers who finally make it to Cambodia have a truly peripatetic ...Read more
Want a 2nd passport?
You can get a legit Cambodian citizenship and 2nd passport.
It’s also a great place to form a company and start a business, and here’s why… Most wanderers who finally make it to Cambodia have a truly peripatetic perspective. Unlike Thailand to the west, the country really is undiscovered.
SE Asia’s best kept secret – Cambodia is rarely the first stop for a traveler to Asia, that’s far more likely to be Toyko, Bangkok, Hong Kong or Singapore – not Phnom Phen . Most people don’t know about it, many that do wrongly assume there is nothing there.
But it is the false pretense that there is ‘nothing there’, which makes business opportunities ripe for the picking.
But Cambodia is a gem.
From the ancient temples at Ankor Wat in Siem Riep, to the seaside province of Sihanoukville; Cambodia is full of Exotic Experiences, Polite People, and Interesting Investments. Also, its the only SE Asian country you can get a passport, and whereas it would take over 10 years to get citizenship in Thailand (and probably never happen anyway) its possible to get a legit citizenship in less than a 4 months in Cambodia.
Source: flagtheory.com
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