Business Registration Procedure
Registering a business may involve a series of ministries/institutions. Generally, Ministry of Commerce (MoC), General Department of Taxation (GDT) and Ministry of Labour and Vocational Training (MLVT) are the three main relevant ministries/institutions you need to go through to get your business registered. Find out more about when and why to register your business.
To run a business legally, you should first register at MoC before registering tax at GDT and announcing the opening of your enterprise at MLVT. Nevertheless, some businesses may need to go through other ministries/institutions in addition to the above-mentioned ministries/ institutions – for instance, Ministry of Tourism (for restaurants), Ministry of Land Management, Urban Planning and Construction (for construction companies), Ministry of Health (for pharmacies or private hospitals), etc.
To run a business legally, you should first register at MoC before registering tax at GDT and announcing the opening of your enterprise at MLVT. Nevertheless, some businesses may need to go through other ministries/institutions in addition to the above-mentioned ministries/ institutions – for instance, Ministry of Tourism (for restaurants), Ministry of Land Management, Urban Planning and Construction (for construction companies), Ministry of Health (for pharmacies or private hospitals), etc.
Challenges of the Old Procedure1. Provide repeated information each time registering at each ministry/institution
2. Register at different ministries/institutions through different procedures 3. Wait multiple times until each ministry/institution approves 4. Operate on monolithic online registration systems for each ministry/institution 5. High cost |
Benefits of the New Procedure1. Eliminate the provision of repetitive information
2. Wait for approval for a maximum of 8 working days 3. Spend much less 4. Register and pay online for all services at once 5. Obtain digital licenses and certificates via the system |
Read More About Doing Business in Cambodia:
- When and Why to Register Your Business in Cambodia
- From Registration to Compliance: Make Your Business Simple
- Tax Alert: Tax Incentives for Micro, Small and Medium Enterprises for Informal Business Development
- Compliance as a Catalyst: Transforming Challenges into Opportunities in Cambodia's Business Environment