7 things to know before registering a company in Cambodia

​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.

ONE: Knowing why they register the company
The main reasons are to legitimize the defined business and to pay state taxes in line with good citizenship obligations, to build trust with business partners, investors and customers. At the same time, business owners need to understand how to use the registration letter in order to be able to take advantage of the business registration.

TWO: Knowing the main activities of the company or business
This refers to the main purpose of the business related to various activities to be able to earn money for the business. On the other hand, the activities that he has to focus on the activities that can earn money for the company on a regular basis. However, in the registration with the Ministry of Commerce, you can file more than one action if you are a legal entity. On the other hand, if it is a patent for a business activity, then the business owner must be clear about which activity is the main activity that generates revenue for the company.

THREE: Knowing the business model to be registered
The business forms to be registered with the Ministry of Commerce are different, such as
1. Legal entities (limited liability) 2. Co-operative enterprise 3. Business, individuals, etc.

FOUR: Knowing the size of the business
At this point, we can not determine ourselves, that is, is determined by the tax system. But business owners also need to know that their business is subject to certain taxes, such as small taxpayers, medium taxpayers and large taxpayers.

FIVE: Knowing the amount of capital in the article of incorporation
This is very important for corporate registration. At this point, the business owner needs to know how much capital to put into the article of incorporation is appropriate, because this capital is ready capital for various expenses or time loss. At this point, putting too much capital is not good, as the amount of responsibility before the law, too little is not good, because if the expenses are paid before the income, the company has to apply for additional capital or bankruptcy.

SIX: Defining the business registration office
It is important that some business owners overlook this, that is, they can use any location that does not have proper references or locations that are not actually offices to register, causing problems or failing when the tax officer check the location and see that it is abnormal.

SEVEN: Finding a consultant or advisor
To make the registration process easier, reduce the blockage rate and other risks, you should find a consulting company or consultant to prevent problems as well as maintain the business properly, avoid other penalties.

If you want to find out more, you can contact us for advice directly through the contact number 012914201 / [email protected].

This article is being posted on Business Cambodia's Official Website as well. ​https://www.business-cambodia.com/article/mr-kong-kimsophat-founder-making-it-easy-co-ltd