Business Registration in Cambodia in 2021
Business registration in Cambodia had been a complex procedure for years. With limited digital capacity at the moment, business registration process in Cambodia is not very easy and consumes some times as we have to go through many steps.
Old Procedure:
- Firstly, starting with the Ministry of Commerce, we have to fill out a complex form that requires a lot of information and various documents. We, then have to wait at least 15 working days until obtaining for approval.
- Second, after completing with MOC, we have 2 weeks to go to the General Department of Taxation for Tax registration. After submitting the application, we have to wait further to receive approval from the Tax department.
- Third, we need to proceed the registration with the Ministry of Labor and Vocational Training; then we have to wait for some more times until the business registration is completed.
Obstacles: During the registration process, the challenges may include register at different ministries/institution with different procedure, provide repeat information each time registering at each ministry/institution, high cost, and wait for approval from each ministry for some time.
Old Procedure:
- Firstly, starting with the Ministry of Commerce, we have to fill out a complex form that requires a lot of information and various documents. We, then have to wait at least 15 working days until obtaining for approval.
- Second, after completing with MOC, we have 2 weeks to go to the General Department of Taxation for Tax registration. After submitting the application, we have to wait further to receive approval from the Tax department.
- Third, we need to proceed the registration with the Ministry of Labor and Vocational Training; then we have to wait for some more times until the business registration is completed.
Obstacles: During the registration process, the challenges may include register at different ministries/institution with different procedure, provide repeat information each time registering at each ministry/institution, high cost, and wait for approval from each ministry for some time.
New updates: Nonetheless, all of these are no longer of concern. In June 2020, the Cambodia government has officially launched its latest Online Business Registration System which can be linked to relevant departments and ministries to reduce the unnecessary bureaucratic roadblocks and to make the process of business registration easier and faster.
This new online registration platform is operated on camDX which is the government’s IT based platform. There are six ministries integrated into the online system: the Ministry of Interior, Economy and Finance, Commerce, Labor and Vocational Training, the General Department of Taxation, and the Council for the Development of Cambodia. This means we can register our business and taxes and obtain licenses under one platform.
Further, all fees are done online through various e-payment channels. In just 8 days after completing the online registration on the platform, we will obtain the digital and license and certificates from the relevant ministries and institution.
Business Registration Assessment Form: https://www.makingiteasycambodia.com/business-registration-assessment-form.html
Contact Us
Tel: +85585914201 / +85570914201
Telegram/WhatsApp: +85570914201
Email: inquiry@makingiteasycambodia.com
Telegram Channel: t.me/makingiteasychannel
Our Address: #809, Kampuchea Krom Blvd (128), Sangkat Tuek Laak 1, Khan Toul Kork, Phnom Penh
This new online registration platform is operated on camDX which is the government’s IT based platform. There are six ministries integrated into the online system: the Ministry of Interior, Economy and Finance, Commerce, Labor and Vocational Training, the General Department of Taxation, and the Council for the Development of Cambodia. This means we can register our business and taxes and obtain licenses under one platform.
Further, all fees are done online through various e-payment channels. In just 8 days after completing the online registration on the platform, we will obtain the digital and license and certificates from the relevant ministries and institution.
Business Registration Assessment Form: https://www.makingiteasycambodia.com/business-registration-assessment-form.html
Contact Us
Tel: +85585914201 / +85570914201
Telegram/WhatsApp: +85570914201
Email: inquiry@makingiteasycambodia.com
Telegram Channel: t.me/makingiteasychannel
Our Address: #809, Kampuchea Krom Blvd (128), Sangkat Tuek Laak 1, Khan Toul Kork, Phnom Penh