Best New Business Formation Lawyers in Phnom Penh

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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
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
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
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Phnom Penh, Cambodia

Founded in 2021
5 people in their team
...
Khmer
English
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
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

About New Business Formation Law in Phnom Penh, Cambodia

The process of forming a new business in Phnom Penh, Cambodia can be complex due to the intricacies of Cambodian business laws and regulations. The process includes acquiring necessary permits & licenses, drafting of Memorandum and Articles of Association, fulfilling tax obligations, as well as dealing with labor laws. Each aspect is governed by different laws and regulations—which can be overwhelming to navigate without an understanding of Cambodia's legal landscape.

Why You May Need a Lawyer

Given the complex nature of Cambodian business laws, expert advice comes a long way in avoiding legal complications. Lawyers can help with the registration process, advice on legal compliance, draft legally sound contracts, and provide guidance on tax laws. Having a lawyer who is well-versed in Cambodian business law can aid the smooth running of the business, protection against legal liabilities, and assist in resolving any disputes or legal issues that may arise during the course of business operation.

Local Laws Overview

Main laws that regulate the formation and function of businesses in Phnom Penh, Cambodia include the Law on Commercial Enterprises, Law on Commercial Rules, and the Law on Investment. These laws encapsulate regulations on business registration, shareholder liabilities, director duties, legal structures of businesses, profit repatriation, license requirements and tax compliance. It's crucial for any new business to understand and comply with these laws to operate legally and successfully.

Frequently Asked Questions

What is the basic process of starting a business in Phnom Penh, Cambodia?

You need to get approval from the Council for the Development of Cambodia (CDC) or the Provincial-Municipal Investment Committee (PMIC), register with the Ministry of Commerce, apply for tax registration at the General Department of Taxation, and then apply for other necessary licenses and permits depending on the nature of business.

What types of business structures are allowed in Cambodia?

You can start a Sole Proprietorship, Private Limited Company, Public Limited Company or a branch of a foreign company in Cambodia.

What is the minimum capital requirement to start a business?

For a limited company, the minimum capital requirement is four million riel (approximately US$1,000).

Do I need to be a Cambodian resident to start a business?

No. As of the 2005 amendment to the Investment Law, foreigners can fully own a company in Cambodia.

What are the key taxes I need to be aware of when running a business?

Major taxes include Tax on Profit, Value-added Tax, and Withholding Tax, amongst others. It's best to consult with a tax advisor or lawyer to fully understand the tax obligations for your particular business.

Additional Resources

The Ministry of Commerce, The Council for the Development of Cambodia, The General Department of Taxation and the Phnom Penh Chamber of Commerce are key resources for anyone looking to start a business in Phnom Penh. They provide useful information, services and support to businesses.

Next Steps

If you are seeking legal assistance for a business formation in Phnom Penh, your first step should be to consult a lawyer specialized in Cambodian business law. Prepare a detailed business plan, understand the capital requirements and consider the legal structure of the business. Also ensure you have a clear understanding of your obligations under Cambodian tax laws.

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.