Setting Up a Consultancy Business in Cambodia: A Step-by-Step Guide
Starting a consultancy business in Cambodia is an exciting venture that promises great potential, given the country’s growing economy and increasing demand for expert advice in various sectors. However, setting up a business, especially in a foreign country, can seem daunting. The good news is that Cambodia’s Online Business Registration platform simplifies the process significantly, making it faster and more cost-effective than ever before.
In this article, we’ll walk you through the process and requirements for registering a consultancy business in Cambodia, and explain how ABSC – Angkor Business Service Consultant (Cambodia) Co., Ltd. can help you with each step.
Step-by-Step Guide to Registering a Consultancy Business in Cambodia
1. Choose Your Business Structure
Before registering your consultancy business in Cambodia, it’s essential to determine the business structure that best fits your needs. The most common business structures for foreign investors are:
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Private Limited Company (PLC) – The most popular structure, where liability is limited to the capital invested.
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Branch Office – For foreign companies that wish to establish a presence in Cambodia.
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Representative Office – Ideal for foreign businesses that wish to conduct market research and represent their parent company without engaging in direct commercial activities.
For consultancy businesses, a Private Limited Company (PLC) is often the best choice, as it allows flexibility in ownership, tax benefits, and limited liability.
2. Prepare Your Documents
To register your consultancy business, you will need to prepare several key documents. These documents include:
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Company Name – Choose a unique name for your consultancy that complies with Cambodia’s naming regulations.
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Passport/ID of Shareholders – Copies of the passports or ID cards of all company shareholders (with signatures).
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Office Lease Agreement – Proof of your office space in Cambodia (lease agreement or property title).
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Photographs – A 4×6 photo of the shareholders and the office.
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Google Map Location – The exact location of your office marked on Google Maps.
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Phone Numbers – Contact information for all shareholders.
Foreign shareholders will need to provide additional documents, such as overseas phone numbers and addresses.
3. Submit Your Application
Once you have all your documents ready, you can submit them through Cambodia’s Online Business Registration platform. This system integrates with key government bodies, including the Ministry of Commerce (MoC), the General Department of Taxation (GDT), and the Ministry of Labour and Vocational Training (MLVT). Through this platform, you can easily register your business and receive your licenses and certificates in just 8 working days.
4. Register for Tax and Employment Compliance
After your business is registered, you’ll need to ensure that your consultancy is compliant with Cambodian tax laws. This includes registering for VAT (if applicable) and corporate income tax with the General Department of Taxation (GDT). Additionally, if you plan to employ staff, you must comply with the Ministry of Labour & Vocational Training (MLVT) regulations regarding work permits and labor laws.
5. Obtain Digital Licenses and Certificates
Once all registrations are complete, you’ll receive your business licenses and certificates in a digital format. These digital certificates are verifiable online, ensuring transparency and authenticity for your consultancy business.
Why Choose Cambodia for Your Consultancy Business?
Cambodia offers a favorable environment for setting up a consultancy business. Some of the key benefits include:
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Tax Incentives – Cambodia offers competitive tax rates and exemptions for certain industries.
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Growing Economy – Cambodia’s economy has been steadily growing, with increasing demand for consulting services in sectors like construction, finance, tourism, and more.
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Ease of Doing Business – The Cambodian government has simplified many business processes, making it easier for foreign investors to set up and operate companies in the country.
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Strategic Location – Situated in the heart of Southeast Asia, Cambodia offers excellent connectivity for regional trade and investment opportunities.
Expert Guidance from ABSC – Angkor Business Service Consultant (Cambodia) Co., Ltd.
If you are ready to take the next step in starting your consultancy business in Cambodia, ABSC – Angkor Business Service Consultant (Cambodia) Co., Ltd. is here to provide expert guidance and support throughout the registration process. With years of experience helping foreign investors, ABSC ensures that your business is set up smoothly, legally, and in compliance with all local regulations.
How ABSC Can Help
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Company Registration – ABSC will help you navigate the online registration process and ensure all required documents are in order.
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Tax Compliance – Their experts will guide you through Cambodia’s tax registration process, helping you set up your VAT and corporate tax accounts.
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Licensing – ABSC ensures that you receive all the necessary licenses and certificates for operating a consultancy business in Cambodia.
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Work Permits – If you plan to hire employees, ABSC will assist you in obtaining work permits and ensuring compliance with Cambodian labor laws.
Ready to Get Started?
If you’re ready to start your consultancy business in Cambodia, the Online Business Registration platform is here to make the process seamless. To get started, visit the official portal today and begin your registration.
For expert assistance and personalized advice, reach out to ABSC – Angkor Business Service Consultant (Cambodia) Co., Ltd. Their team of professionals will ensure that your business is set up smoothly and legally in Cambodia.
Contact ABSC:
📞 Phone: +855 87 22 4890
📧 Email: inquiry @absc.com.kh
🏢 Address: Unit 7, Floor 5, Building C5, Street 161, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh, Cambodia
Start your consultancy business in Cambodia today with the support and guidance of ABSC. With their help, you’ll be well on your way to establishing a successful and compliant business in this dynamic and growing market.