Best New Business Formation Lawyers in Cambodia

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Tip & Partners Law Firm

Tip & Partners Law Firm

Phnom Penh, Cambodia

Free Consultation: 30 mins


Founded in 1995
10 people in their team
Tip & Partners is one of Cambodia’s leading independent law firm. The firm provides a comprehensive range of legal services to serve the...
English
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BNG Legal

BNG Legal

Phnom Penh, Cambodia

Founded in 2002
20 people in their team
We differentiate ourselves by coupling a deep understanding of the local business environment with international professionalism and integrity.We...
English
Chinese
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Phnom Penh, Cambodia

Founded in 2021
5 people in their team
...
Khmer
English
MPL LAW OFFICE

MPL LAW OFFICE

Phnom Penh, Cambodia

Founded in 2020
9 people in their team
MPL Law Office ("MPL Law") is the licensed legal office respectively in Kingdom of Cambodia providing legal services to the client. We have provided...
English
Khmer
ILAWASIA

ILAWASIA

Phnom Penh, Cambodia

Founded in 2011
26 people in their team
ILAWASIA, a full service Thai law firm, was established in April 2011 located in Bangkok Thailand by Mr. Somphob Rodboon, an experienced litigator....
English
Davies SM Attorneys-at-Law

Davies SM Attorneys-at-Law

Phnom Penh, Cambodia

Founded in 2022
10 people in their team
ABOUT OUR FIRMAt Davies SM Attorneys-at-Law, we are committed to delivering high-quality, affordable legal services.Registered with the Bar...
English
Chinese
Khmer
IAO Asia

IAO Asia

Phnom Penh, Cambodia

Free Consultation: 15 mins


Founded in 2021
10 people in their team
IAO is an international legal and investment firm supporting international investment to the Kingdom of Cambodia.  Our services include...
English
Khmer
Chinese

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About New Business Formation Law in Cambodia

The formation of a new business in Cambodia is a complex process that encompasses various laws, regulations, and procedures. With recent reforms, the Cambodian government has simplified the business registration process to attract more foreign investors. However, for anyone unfamiliar with the local laws, the new business formation can be a daunting task. Understanding these laws is crucial for every entrepreneur wanting to start a business in this country. They range from business registration, securing licenses, handling intellectual property to complying with tax obligations.

Why You May Need a Lawyer

It is possible to navigate through the business formation process in Cambodia without legal help, but it's usually not advisable. Business formation laws can be complicated and vary greatly depending on the type of business you are starting. Experienced legal counsel can help navigate this process effectively, reducing your risk of making mistakes that could end up costing you significant amounts of time and money. A lawyer can also help interpret local laws, fill out and file paperwork, and communicate with government officials on your behalf. Furthermore, a lawyer will be able to help you establish strong legal grounding for your business, ensuring you comply with all Cambodian laws and avoid legal issues that could harm your business in the future.

Local Laws Overview

Cambodia operates under a mixed legal system, influenced by a tradition of customary law, French civil law, and more recently, common law. The primary law governing business formation is the Law on Commercial Enterprises (LCE), which details the types of companies that can be formed and the process for registering and operating the business. Other important laws relating to business operations include Labor Law, Law on Taxation, Law on Commercial Rules and Registrar, Anti-Corruption Law, and Law on Intellectual Property. The Cambodian Investment Law is also critical for foreigners who wish to open a business in Cambodia.

Frequently Asked Questions

What is the minimum capital required to start a business in Cambodia?

There is no fixed minimum capital requirement for all businesses in Cambodia. The capital required usually depends on the business's nature and scale.

What kind of businesses can be opened in Cambodia?

Almost all types of businesses can be opened in Cambodia, but certain businesses, like radio and television stations, may need specific licenses and authorizations.

How long does it take to register a business in Cambodia?

The registration process can take anywhere from a few days to a few weeks, depending on if all documents are correctly prepared and processed.

What taxes do companies have to pay in Cambodia?

Companies in Cambodia have to pay Value Added Tax (VAT), Profit Tax, Salary Tax, and Withholding Tax, among others.

Can a foreigner open a business in Cambodia?

Yes, foreigners can open businesses in Cambodia. However, they may need to obtain a foreign business license depending on the nature of the business.

Do I need a local partner to set up a business?

Depending on the business nature, some sectors do require a local partner, while others can be entirely foreign-owned.

What is the corporate income tax rate in Cambodia?

The standard corporate income tax rate in Cambodia is 20% for most businesses, but this may vary depending on the business nature.

Are there incentives for investors in Cambodia?

Yes, the government of Cambodia offers some incentives for investors including import duty exemptions, profit tax exemptions, and more.

Can I buy land in Cambodia to set up my business?

No, foreigners cannot directly own land in Cambodia. However, there are legal structures which can be implemented by a lawyer to get around this restriction.

Can I hire foreign employees in my Cambodian business?

Yes, you can hire foreign employees, but every business in Cambodia is required to respect the quota and conditions set by the Ministry of Labor and Vocational Training.

Additional Resources

The Ministry of Commerce, the Council for the Development of Cambodia, and the General Department of Taxation are excellent resources for information regarding business formation in Cambodia. The Law on Commercial Enterprises and the Cambodian Investment Law are also indispensable resources. Various Chambers of Commerce provide additional resources and networking opportunities.

Next Steps

If you need legal assistance in new business formation in Cambodia, start by searching for a Cambodian lawyer or an international lawyer with experience in Cambodian law. They can help you decide what kind of business best suits your needs, help draft your articles of incorporation, handle the filing process, and establish legal safeguards for your business going forward.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.