Large business setup in Cambodia
Starting a large company requires thorough preparation and effort, with specific challenges and considerations to address. Today, we will explore the benefits of establishing a large company in Cambodia and how our tailored solutions can help pave the way to your success.
The process of setting up a large business
Creating a big business in Cambodia is similar to starting a small or medium-sized enterprise in terms of the steps involved. Nevertheless, because of the larger size and intricacy of a big enterprise, the establishment process usually demands a greater amount of time and resources. The steps involved are as follows:
Choose a business name
The name of the business should be original and not currently being used. You can verify the availability of a name on the Cambodia Trade Registry’s website.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your big company. We offer expert advice on Private Limited Company (Co., Ltd.), Public Limited Company (PLC), Branch Office, Holding Company to assist you in making an informed decision that fits your needs and goals.
Set up legal address
It is crucial to have a valid legal address when launching a business because it acts as the primary point of contact for government agencies, legal authorities, and important business communications. Selecting a legal address that complies with local regulations and aligns with your business needs is imperative.
Get the necessary paperwork ready
Our team of professionals will assist you in developing detailed and tailored documentation that aligns with your company’s structure and objectives. We ensure compliance with all legal requirements and will handle the filing procedures on your behalf.
Open a bank account
We will support you every step of the way in opening a bank account, making sure the company follows regulations and selecting a trustworthy financial institution for your account in Cambodia.
Company registration
We take care of the registration process with government bodies such as the Trade and Companies Register and tax authorities, freeing you from administrative tasks. This ensures that your business is legally recognized and compliant from the beginning.
Setup accounting
In order to effectively start a big business, it is crucial to keep precise financial records. Our team of accounting professionals can assist in setting up reliable accounting and bookkeeping procedures that adhere to the regulations in Cambodia.
Large business examples
Businesses of considerable size operate across various industries and sectors, each having distinct requirements. Here are a few examples of large-scale businesses:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Cambodia
Cambodia is an attractive location for establishing large businesses, providing a variety of benefits.
Strategic location
Cambodia offers opportunities for companies interested in a cost-effective and expanding environment, with the potential for growth in emerging markets, low labor costs, and opportunities in manufacturing, tourism, and services. The country’s young population, plentiful natural resources, and government support for investment and entrepreneurship make it an advantageous choice for businesses seeking to enter its vibrant market.
Favorable tax regime
Cambodia offers a corporate income tax rate of 20% and provides incentives for investments in specific industries. Special economic zones also provide additional benefits for investors. The country’s focus on improving infrastructure enhances its attractiveness to businesses.
Banking
The developing banking industry in Cambodia presents stability and investment possibilities for those looking for banking and financial services in a growing economy.
Our Large business setup solutions
We understand the value of your time and resources. That is why we offer two convenient choices to streamline the company formation process.
Business formation online
With the online platform offered by Cambodia, individuals have the opportunity to start and finish the process of setting up a business from any location. The capacity to track progress, submit necessary paperwork, and access our services via secure digital channels guarantees a seamless and convenient process.
Business formation remotely
If you want a more hands-off approach, we are able to manage all the paperwork for you. Our team of professionals will handle all the necessary formalities, fill out the required paperwork, and communicate with the relevant authorities on your behalf to ensure your peace of mind.
Contact us
Contact us now to schedule a consultation and begin pursuing your business goals. Let’s move forward together by taking that initial step.