What is a good business to start in Cambodia?

Is Cambodia a good place to start a business?

Out of 183 economies, the World Bank has ranked Cambodia 171st in terms of ease of setting up a new business. Cambodia saddles would-be entrepreneurs with a plethora of procedures to follow, and the average number of days it takes to register a business clocks in at 85–much more than in neighboring countries.

What is the most important business for Cambodia?

Agriculture remains the dominant economic sector, with strong growth in textiles, construction, garments and tourism leading to increased foreign investment and international trade. In the World Justice Project’s 2015 Rule of Law Index, Cambodia was ranked 99 out of 102 countries, the lowest in the region.

How can I open a shop in Cambodia?

How can you own a Business in Cambodia?

  1. Step 1 – Secure a Business Location. …
  2. Step 2 – Get a Lease or Sell Purchase Agreement on your office or business location of your choice. …
  3. Step 3 – Open a Cambodian Bank Account. …
  4. Step 4 – Find a Lawyer or Accountant to secure the Ministry documents. …
  5. Step 5 – Hire your staff.

How much does it cost to set up a business in Cambodia?

Fees

Different Cambodia entity types Cost Draft invoice
Joint Venture US$23,285 View invoice PDF
PLC US$15,185 View invoice PDF
Branch of a foreign company US$16,685 View invoice PDF
Representative Office US$16,685 View invoice PDF
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What are some unique business ideas?

7 Unique Small Business Ideas You Can Start Today!

  • Freelance Service Business. Freelancing has become a lucrative business idea as it requires minimal or no initial investment. …
  • Online Advertising Business. …
  • Landscaping Business. …
  • Dog Walking Business. …
  • Gym or Personal Training Business. …
  • Online Courses Business. …
  • Cleaning Business.

Can I own a business in Cambodia?

Starting a business in Cambodia is a fairly straightforward procedure. To do business legally, you must first register with MoC business registration. Now, the service is done online. You can start reserving a name before registering your business or start registering your business right away.

Can a foreigner start a business in Cambodia?

There are no restrictions to a business being 100 percent foreign owned. This is not to be confused with Cambodian land ownership, in which a foreigner can generally own a maximum of 49 percent. … To register a company in Cambodia the name must also be registered with the MoC.

Is Cambodia a good country to invest?

Despite the risks, Cambodia still remains a very attractive place to invest. It attracts foreign workers and provides a cheap option for retirees. The country’s economic growth is expected to continue until the next decade. The Cambodian government is adding new laws to make it easier for foreigners to invest.