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Angkor TimesExperienced
Asked: June 7, 2021In: Make Money

What are the most popular online businesses in Cambodia?

Starting an online business is trendy in Cambodia. Both individuals and corporate companies can start their own business online with small capital. It is a time for one man or one woman to start their business online with less capital ...Read more

Starting an online business is trendy in Cambodia. Both individuals and corporate companies can start their own business online with small capital. It is a time for one man or one woman to start their business online with less capital or even no need capital if they know how to invest their knowledge as a capital in they business during the startup.

1. Food & beverage

Whether covd19 hits Cambodia or not, food and beverage industry are still the popular business in Cambodia as Cambodia is a young population country where they are active using social media for their daily life. They like to buy food and beverage without leaving their comfort home. During Covid19, some areas of the kingdom marked as the red zones, yellow zones and rip yellow zones where people are restricted to going out of home, therefore, buying food online in their only one option to do.

2. Clothes

Seeing is believing. Some online store bring their offline fashion show to online through Facebook live-streaming every day. The shops keeps their fans based page  interest on their new deals and new fashion with some entertainment which allow their fans fully engage and watch their liveshow from beginning until end.

3. Beauty products

Everyone care about beauty so that no one can look down on them. Small and medium to high class income young people are likely to buy online beautify products to cure their urgently body or hair every day. They dare to buy beauty products to upgrade their beauty at least $10 per unit, but they are afraid of buying a book with $3 or $5 to read. This means that beauty is more important for their lives.

4. Education or Online Course

No need to travel under the hot sun, no need to waste time travelling in the traffic congestion, students or learners can start their class online via Zoom, Google Meet or Team with ease. Online education is huge and in high demand in Cambodia as Cambodians spend a lot of times at least 2 hours per day to surf and use social media whether for working, communicating with friends, or even entertaining.

5. Real Estate or Property Development Business

Paying money to keep Facebook happy showing and displaying ads to put property online is very popular in Cambodia. Like one said “No money, no honey” and “No fee, no ads.” You can see other competitors’ ads through visiting and engaging with their page posts or contents so that you can see their ads soon as Facebook will show ads based on users’ behaviors. Both real estate agent actively use Facebook ads to sell properties without leaving Facebook. They think their Facebook is way better than TV when it comes to property advertising.

What are the most popular online businesses in Cambodia?

What are the most popular online businesses in Cambodia?

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Vanvutha Leang
Vanvutha LeangExperienced
Asked: April 2, 2021In: Make Money

What are the Requirements and Registration Process to Open Business in Cambodia?

In Cambodia, there are no restrictions on a company being 100 percent foreign-owned as long as no land is involved. To start a business in Cambodia, you’ll need a valid visa, a work permit, and a Cambodian bank account with ...Read more

In Cambodia, there are no restrictions on a company being 100 percent foreign-owned as long as no land is involved. To start a business in Cambodia, you’ll need a valid visa, a work permit, and a Cambodian bank account with a minimum balance of US$1,300 (despite the fact that the law only requires US$1,000 in capital).

The Ministry of Commerce unveiled an online business registration system in December 2015 as part of an effort to simplify bureaucratic procedures. The aim of this online registration system is to make the process of registering a company in Cambodia more transparent and effective, attracting more investors in the process.

Related: What attachments are required to register a property?

It is now possible to obtain a company in Cambodia online via the Ministry of Commerce Business Registration website. If you don’t finish your application within 15 days of starting it, it will be deleted from the system. However, as long as you have all of the necessary documentation and follow these simple steps, registering your business online is relatively simple:

  • Create a user account on the website
  • Reserve a company name in both English and Khmer, and pay a service fee for this
  • Register your company and pay another service fee for this
  • Print your certificate of incorporation

It’s best to know your company’s single share worth and the name of your company in both English and Khmer before you begin to speed up the operation. One of the most significant roadblocks for many foreigners appears to be choosing a suitable Khmer name for their company, as the Ministry of Commerce appears to have rejected certain Khmer names because they did not have the same meaning as the English name.

Related: Guides & Tips To Start a Business Cambodia

  • You should have the following documents ready to submit to your online application:
  • Proof of identification, such as a valid passport
  • A medical certificate showing you are in good health
  • Proof of your company’s location, such as a utility bill or a rental agreement
  • A letter, signed by a director of the company, that declares you have no criminal record, as well as a police report from your home country identifying you as having no history of criminal activity
  • A list of staff, which states the number of male and female employees, and local and foreign staff
  • Your company’s memorandum and articles of association

The cost of registering a company in Cambodia is approximately US$430. Only three banks in Cambodia are authorized to process registration fees: ACLEDA Bank, FTB Bank, and Canadia Bank. To pay the service fees, you’ll need to open an account with one of these banks. However, only ACLEDA Bank account holders will be able to pay the fees directly online. If you have an account with FTB or Canadia, you will need to complete payment in a branch. You can obtain a number of documents after registering your business with the MOC, including a business license, a certificate of incorporation, and Articles of Association.

Related: How to open a Mini Mart Business in Cambodia

You must then register your business with the General Department of Taxation (GDT) within 15 calendar days of registering, in order to receive a tax patent and a VAT certificate. After that, you’ll need to go to the Ministry of Labour and Vocational Training (MLVT), which will register your business under the Labour Law and issue work permits and job cards to foreign staff. You must also register the business with the National Social Security Fund if it has more than eight employees.

What are the Requirements and Registration Process to Open Business in Cambodia?

What are the Requirements and Registration Process to Open Business in Cambodia?

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