Steps for Business Registration in Cambodia ?
Steps for Business Registration in Cambodia & Registering a business in Cambodia involves several steps, including company name reservation, obtaining necessary permits and licenses, registration with tax authorities, and more. Here’s a general outline of the process:
1- Choose a Business Structure:
Decide on the type of business structure you want to establish & Common options include Sole Proprietorship, Partnership, Limited Liability Company (LLC), or Branch Office.
2- Reserve a Business Name:
Check the availability of your desired business name with the Ministry of Commerce. You can do this online or in person. Once approved, the name reservation is valid for 30 days.
3- Prepare Necessary Documents:
1- Articles of Incorporation or Association: This document outlines the company’s name, address, objectives, shareholders, directors, and share capital.
2 – Memorandum and Articles of Association: Detailed regulations governing the company’s internal management and operations.
3- Identification Documents: Copies of passports for foreign shareholders or ID cards for Cambodian citizens.
4- Lease Agreement: If applicable, provide a copy of the lease agreement for your business premises.
5 – Other permits or licenses: Depending on your business type, you may need additional permits or licenses.
4- Notarize Documents:
Have all necessary documents notarized by a notary public or a lawyer in Cambodia.
5- Register with the Ministry of Commerce:
Submit the required documents to the Ministry of Commerce online platform Camdkey Cambodia Data Exchange Platform . This includes the Articles of Incorporation or Association, Memorandum and Articles of Association, and other supporting documents. Pay the registration fee.
6- Obtain a Tax Identification Number (TIN):
Register your business with the General Department of Taxation to obtain a TIN. This is necessary for tax purposes.
7- Register with the Ministry of Labor and Vocational Training (MLVT):
If you plan to hire employees Local and Foreigner you’ll need to register Quota with the MLVT and obtain an employment book for each employee.
8- Register with the National Social Security Fund (NSSF):
Enroll your employees in the NSSF for social security coverage.
9- Open a Business Bank Account:
Once your company is registered, open a business bank account in Cambodia for financial transactions.
10- Obtain Business Licenses and Permits:
Depending on your business activities, you may need additional licenses or permits from relevant government agencies or ministries.
11- Compliance with Annual Requirements:
Ensure compliance with annual reporting and renewal requirements, such as filing annual tax returns and renewing business licenses.
12- Optional Steps:
Depending on your business activities, you may need to register with specific regulatory bodies or obtain industry-specific certifications.
It’s essential to consult with legal advisors or business consultants With ABSC – Angkor Business Service Consultant (Cambodia) Co., Ltd familiar with Cambodian regulations to ensure compliance throughout the registration process. Requirements and procedures may vary based on the nature of your business and any recent regulatory changes.
