What’s Happening with the Global Slowdown?
The global economic slowdown is a period where economic activity slows down across many countries. This drop in demand for products and services impacts businesses and leads to job losses. For Cambodia, with its economy powered by manufacturing, tourism, and agriculture, this slowdown makes it hard to keep up its growth.
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Starting a business is exciting, but it comes with responsibilities, especially around registration and compliance. Whether you’re a new entrepreneur or transitioning from a sole proprietorship, here’s a simple guide to help you navigate the process after your business registration.
Tax Alert: Tax Incentives for Micro, Small and Medium Enterprises for Informal Business Development7/6/2024 On May 20, 2024, the General Department of Taxation (GDT) issued Notification No. 18412, outlining tax incentives for Micro, Small, and Medium Enterprises (MSMEs) engaged in Informal Business Development. These incentives apply to MSMEs that voluntarily register with the GDT and operate within priority sectors, including:
Discover how compliance can turn business challenges into opportunities in Cambodia's dynamic market. Learn strategies for success and growth, turning challenges into opportunities.
Foreign entrepreneurs looking to establish a business in Cambodia will find a welcoming investment climate and a straightforward registration process. Here’s a step-by-step guide to help you navigate through the process of registering your business as a foreigner in Cambodia.
Welcome to Cambodia, a country brimming with growth opportunities for businesses, even amidst global challenges. Investing or doing business in Cambodia offers a strategic advantage in these times.
Starting a business in Cambodia presents many opportunities alongside challenges that require determination and resilience from entrepreneurs. Here's a closer look at what lies ahead, dive into key points for a deeper understanding:
Cambodia is bouncing back stronger than ever post-pandemic, offering a wealth of opportunities for investors and entrepreneurs alike. Positioned strategically in Southeast Asia, the nation is leveraging its robust government support, favorable policies, and digital transformation efforts to spur economic growth. Key sectors like agriculture, manufacturing, and tourism are ripe for investment, thanks to targeted government incentives. Moreover, Cambodia's push for digital innovation and its role in regional supply chains underscore its attractiveness as an investment hub. 🚀🌾🏭
Closing your business in Cambodia may seem like a drastic decision, but it can have some benefits for you and your future endeavors. Here are four reasons why you should consider this option instead of keeping your business active.
1. Planning and Legal Setup Idea and Research: Identify a market need, conduct market research, and refine your business idea.
Are you a detail-oriented and numbers-savvy professional with a passion for accounting and taxation? Join our accounting and taxation agency and play a pivotal role in accounting and taxation compliance for businesses in Cambodia.
Why Us?
If you’re ready to contribute to the financial health and help our customers navigate the complexities of tax laws, we’d love to hear from you. Submit your CV and Cover Letter now. First come, first served. Telegram: https://t.me/DoingBusinessInCambodia [email protected] Are you a goal-oriented professional with a passion for sales and a knack for building strong customer relationships? We’re looking for a Sales Specialist to join our dynamic team and drive our business forward.
Why Join Us?
If you're driven by targets, excel in a team environment, and are looking to make a significant impact, we’d love to hear from you. Submit your CV and Cover Letter now. First come, first served. Telegram: https://t.me/DoingBusinessInCambodia [email protected] 🎥 Are You Passionate About Storytelling Through Video? 🌟
We’re on the hunt for a dynamic and creative Videographer and Video Editor to join our team. If you have a knack for capturing moments and bringing stories to life through your lens and editing skills, we want you! What We Offer:
If you’re ready to take your career to the next level and contribute to our creative vision, we’d love to hear from you. Submit your CV and Cover Letter now. First come, first served. Telegram: https://t.me/DoingBusinessInCambodia [email protected] There are a lot of factors that affect a business's performance, especially this 2024. With the global economy taking a bit of a dip, it comes as no surprise that most companies are tightening their belts. Cambodia is not an exception. But, unlike most countries, there are positive factors in the Cambodian business environment that you may want to consider.
ការចុះបញ្ជីអាជីវកម្ម គឺជាចំណុចដ៏សំខាន់មួយដែលម្ចាស់អាជីវកម្មជាច្រើនចង់ចេះ ចង់ដឹងខ្លាំងមែនទែន ទាក់ទងនឹងចំណុចសំខាន់ៗដែលត្រូវធ្វើ ជំហានដែលត្រូវដើរ ឬគុណសម្បត្តិ គុណវិបត្តិ នៃការចុះបញ្ជីជាដើម
Business registration is an important point that many business owners are very curious about the important points to take, the steps to take or the advantages and disadvantages of registration.
The Business Registration System on Information Technology Platform (Online Business Registration or OBR) Phase 2 will be officially launched on September 1, 2021 at 9:00am. You and all national and international press are invited to watch live the virtual, official launch ceremony of the OBR Phase 2 on September 1, 2021 at 9:00am via the Ministry of Economy and Finance’s Facebook page. There are four ministries / institutions participating in this second phase, including the Ministry of Industry, Science, Technology and Innovation, the Ministry of Tourism, the Ministry of Post and Telecommunications, the Real Estate Business & Pawnshops Regulation of the Non-Bank Financial Services Authority.
Some people may think that starting a business is easy, but if we think about it deeper, we realize that actually starting a business is not as easy as it sounds, because if you neglect one step. Then your business can be a big problem for sure. And the important thing is not to go out of business as you want, even if you do not have clear skills.
ANNOUNCEMENT of the Inter-Ministerial Committee to Fight Covid-19 on Request Mechanism of Voluntary COVID-19 Vaccination for Foreigners in Cambodia
All registered businesses in the Kingdom need to renew their patent certificates annually between January 1 and March 31 of each year. Late renewals are subject to obstacle penalties according to the following formula ($500 obstacle penalty +10% total penalties values + 1.5% monthly interest rate).
Contact us now: +85570914201 / +85585914201 Email us now: [email protected] Online Appointment Booking: https://makingiteasycambodia.simplybook.asia/v2/ During a Cross-Talk interview with Khmer Times’ Kay Kimsong, Kong Kimsophat, chief executive officer and founder of Making It Easy (MIE), the first company to provide one-stop professional services for foreigners doing business in Cambodia, discusses business registration before and during the COVID-19 pandemic.
Are you interested in registering a business in Cambodia? Have you got your business name checked and reserved?
All registered businesses in the Kingdom of Cambodia need to file annual TOI returns between January 1 and March 31 2021 for the fiscal year 2020. Late returns are subject to obstacle penalties according to the following formula ($500 obstacle penalty +10% total penalties values + 1.5% monthly interest rate).
20% OFF! √ 2020 Annual Tax On Income Return! √ 100 clients who purchase before December 31, 2020 only! √ First come, first served! Call us: +85570914201 / +85585914201 Email us: [email protected] Online Appointment Booking: https://makingiteasycambodia.simplybook.asia/v2/ |
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