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Angkor Times Latest Questions

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

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 ...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: Make Money

What are the best businesses to start in 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 ...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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aalan
SOVANN
SOVANNExperienced
Asked: November 22, 2020In: Make Money

Can Foreigners Own Business Cambodia?

Can Foreigners Own Business Cambodia? It is absolutely yes. ...Read more

Can Foreigners Own Business Cambodia? It is absolutely yes.

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