How many businesses are there in Cambodia?

How many companies are there in Cambodia?

In order to set up a business in the Kingdom of Cambodia, you need to register your business either as a sole proprietorship, partnership, private limited company, public limited company, or foreign company.

What is the most popular business in 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.

What percentage of Cambodia is employed?

Cambodia has the highest labor force participation rate in the Southeast Asia/Pacific region, with 82.7 percent of the working population aged 16-64 employed or seeking employment. Cambodia’s working-age population is growing faster than its total population – 2.4 percent compared to 1.9 percent over 2007–2015.

Is Cambodia good for business?

Prashanta Pradhan, Trade and Investment Policy Specialist. Cambodia is one of the fastest growing economies in the world with GDP growth at the rate of 7.1% between 2011 and 2016. There is positive outlook for sustained growth in 2017 and 2018 by the Asian Development Bank as well as the World Bank.

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What religion is practiced in Cambodia?

Cambodia is predominantly Buddhist with 80% of the population being Theravada Buddhist, 1% Christian and the majority of the remaining population follow Islam, atheism, or animism. Buddhist nun at Angkor Wat, Siem Reap, Cambodia.

How much does it cost to register a company in Cambodia?

The cost of business registration varies based on the type of enterprise and its taxpayer classification by the General Department of Taxation. Foreign companies will first need to reserve a company name at a cost of 25,000 riels (US$6). The business registration fee will cost 1 million riels (US$246).

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