Register Company in Cambodia - Block3 Finance
To register a company in Cambodia is hassle-free with Block3 Finance's assistance. Situated on the island of Borneo in Southeast Asia, Cambodia is a rapidly growing economy with a wealth of opportunities for foreign investors.
With its strategic location and economic growth, Cambodia has become a hub for foreign investments. The Cambodian government has been actively promoting sectors such as life sciences, agri-business, information technology, and services, which makes it an ideal destination for business setup. At Block3 Finance, we ensure that your company is established efficiently, allowing you to focus on growing your business.
Our service package includes
Cambodia company registration with the Cambodia Ministry of Commerce (MEC)
Local company secretary and registered address
Opening a local or international corporate bank account
Tax registration
Cambodia business visa applications
Annual accounting and tax services
How Long Will It Take to Register a Company in Cambodia and Open a Corporate Bank Account?
Block3 Finance will complete your Cambodia company registration through a seamless and fuss-free procedure. Upon receiving the required due diligence documents of the directors and shareholders, we will proceed to check the availability of your preferred business trade name under the Ministry of Commerce Cambodia – Business Registration Department.
The process to register a company in Cambodia can be carried out remotely, so you do not need to travel to Cambodia for both company registration and corporate bank account opening. On average, company registration in Cambodia takes approximately 6 weeks.
After Block3 Finance has registered your company, you can expect to receive the documents of your new company, including the certificate of formation, memorandum & articles of association, and a register of directors and shareholders.
Within 4 weeks upon registration, Block3 Finance can assist you in opening a corporate bank account with a local Cambodian bank or with an overseas global bank, depending on your business goals and objectives.
You can expect to start operations and issue invoices with your Cambodian company within 10 weeks of engaging Block3 Finance.
Can a Foreigner Register a Company in Cambodia?
Yes, foreign investors can fully own their companies in Cambodia. The government encourages foreign direct investment (FDI) and allows 100% foreign ownership for most industries. However, at least one of the directors must be a citizen, permanent resident, or residing in Cambodia.
The government provides numerous incentives to facilitate foreign investment, making Cambodia an attractive destination for entrepreneurs.
How to Register a Company in Cambodia?
Block3 Finance advises you to follow these steps to ensure a smooth process for registering your company and setting up a bank account in Cambodia.
1. Choose a Suitable Business Entity to Register a Company in Cambodia: After understanding your business goals and activities, our team of dedicated consultants will recommend the most suitable entity for you to carry out your business. We will advise you on the optimum paid-up share capital, business structure, legislation, and whether you need to apply for licenses to operate.
2. Reserve Your Desired Company Name: Block3 Finance will reserve your preferred company name with the Registrar of Companies.
3. Preparation of Supporting Documents: Before we proceed with company incorporation, you will need to provide mandatory KYC documents, including the names and identification proof of directors. Once we have all the necessary documents, we will proceed to draft and notarize the company’s Memorandum and Articles of Association.
4. Filing for Company Registration: A registered office is required under local laws, and we will provide one for you. For special cases, we will allocate a registered agent to assist in your incorporation.
We will then proceed to file for registration with the Ministry of Commerce. After receiving approval, Block3 Finance will courier the Certificate of Incorporation, Memorandum and Articles of Association, and other documents to your preferred address.
5. Corporate Bank Account Opening: After registration, Block3 Finance will assist you in opening a corporate bank account. We have partnerships with reputable banks in Cambodia and internationally. Typically, this process will take about four weeks, and directors and shareholders do not need to travel.
Once your account is successfully opened, Block3 Finance will courier the internet banking token and access codes to your preferred address.
6. Financial Reporting and Taxation Obligations: Post-setup, Block3 Finance will provide accounting and tax services to ensure compliance with regulatory obligations. Cambodia's corporate income tax rate is 20%, and companies are required to submit annual financial statements by 30 June of the year of assessment.
Types of Business Entities in Cambodia
Cambodia offers various business entity types, each with distinct levels of personal liability protection, tax ramifications, and compliance requirements. Some common options include:
Limited Liability Company (LLC)
Public Limited Company (PLC)
Branch Office
Representative Office (RO)
Accounting and Tax Obligations
Accounting Obligations Maintain detailed books of accounts for all financial transactions.
Ensure proper records of receipts, payments, sales, and purchases.
Tax Obligations Corporate Income Tax: 20%
VAT: Standard rate of 15%
Withholding Taxes: Applicable to royalties and director’s remuneration.
Pros and Cons of Registering a Company in Cambodia
Political: Cambodia’s stable political relationships and ASEAN membership provide significant business confidence. However, the country’s corruption perception ranking (162nd out of 180) should be considered.
Economic: Cambodia offers low corporate tax rates and various incentives for foreign investment. However, the GDP per capita remains lower than other global economies.
Social: With a population of approximately 16 million, Cambodia offers a strong domestic market, but there may be language barriers as Khmer is the official language.
Technological: Cambodia’s government is making strides in digital infrastructure, making it an attractive place for tech-related investments.
Looking to Register a Company in Cambodia?
Contact us to find out more about how to register a company in Cambodia. Our team of experts will revert within the next 24 hours.
