Angkor Times Latest Questions

SOVANN
SOVANNExperienced
Asked: December 7, 2020

Cambodian citizenship is granted to those born to at least one Khmer parent regardless of the place of birth. Alternatively, individuals will need to have lived in the country for at least seven years with a residence card in order ...Read more

Cambodian citizenship is granted to those born to at least one Khmer parent regardless of the place of birth. Alternatively, individuals will need to have lived in the country for at least seven years with a residence card in order to obtain Cambodian citizenship by naturalisation.

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cambodian citizenshipcitizenship by naturalisation
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
aalan
SOVANN
SOVANNExperienced
Asked: November 22, 2020In:

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 ...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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ankor watcambodian citizenshiplegit cambodian citizenshipset up a company in cambodiasiem riep
aalan