Small business setup in Cambodia
Cambodia is an ideal place for small businesses due to its emerging market potential, affordable labor costs, and opportunities in manufacturing, tourism, and services. We specialize in supporting small businesses, offering a comprehensive knowledge of the local market and expertise in company formation to help you launch your enterprise in Cambodia. Let’s talk about the benefits of starting a small business in Cambodia and how we can help you succeed with our tailored solutions.
Formalities and procedure
Registering a small business in Cambodia can be done through a series of steps that can be finished within a matter of weeks:
Choose a business name
The name of the business must be original and not already taken. It can be verified for availability on the website of the Cambodia Trade Registry.
Select legal entity type
Choosing the right legal framework is crucial for the prosperity of your small business. In order to assist you in making a well-informed choice that meets your particular needs and future goals, we offer expert advice on Private Limited Company (Co., Ltd.), Public Limited Company (PLC), Branch Office, Holding Company.
Set up legal address
Starting a business requires a legal address, which acts as the primary point of contact for government agencies, legal authorities, and important business mail. It is crucial to select a legal address that complies with local regulations and meets the needs of your business.
Get the necessary paperwork ready
Our team of professionals will assist you in developing precise and comprehensive documentation tailored to your company’s structure and objectives. We ensure compliance with all legal requirements and will handle the filing process on your behalf.
Open a bank account
Establishing a corporate bank account is necessary for starting a business in Cambodia. We will support you in this procedure, making sure you adhere to the rules and aiding you in opening a bank account with a well-respected financial institution in Cambodia for your small business dealings.
Company registration
We take care of the registration process with entities such as the Trade and Companies Register and tax authorities, allowing you to avoid the administrative hassle. This ensures that your small business is legally recognized and compliant from the beginning
Setup accounting
In order to have a successful startup, it is crucial to keep precise financial records. Our team of accounting professionals can assist in implementing efficient accounting and bookkeeping procedures that adhere to the regulations in Cambodia.
Small business examples
Small businesses exist in various industries and sectors, each catering to specific requirements. The following are examples of small businesses:
- Business support: Smaller consultancies, individual service providers
- DIY retail: Locally-owned hardware shops, small home improvement stores
- Education: Tutoring services, small language schools, independent trainers
- Farming: Smaller, family-run farms
- Fitness: Individual trainers, small local gyms or studios
- Food and beverage retail: Independent grocery stores, coffee shops, bakeries
- Hotels and motels: Smaller, independent hotels or motels
- Laboratory: Smaller independent testing labs
- Marketing: Freelance marketers, small local agencies
- Media: Independent content creators, niche publications, small production companies
- Printing: Small local print shops
- Real-estate: Individual realtors, very small brokerage firms
- Restaurant: Independent, non-chain restaurants
Benefits of establishing a small business in Cambodia
Cambodia is an attractive place for starting small businesses, as it provides numerous benefits and opportunities.
Strategic location
Cambodia offers opportunities for companies in various industries due to its emerging market potential, low labor costs, and growth in manufacturing, tourism, and services. The country’s advantages include a youthful population, plentiful natural resources, and government efforts to encourage investment and entrepreneurship, making it an attractive option for businesses seeking a cost-effective and expanding market environment.
Favorable tax regime
Cambodia offers a uniform corporate income tax rate of 20%. Incentives are available for investing in specific sectors, and special economic zones provide extra advantages. The country’s focus on enhancing infrastructure enhances its attractiveness for businesses.
Banking
Cambodia’s developing banking industry provides security and investment prospects for individuals looking for banking and financial services in a growing economy.
Our small business setup solutions
We understand how valuable your time and resources are, which is why we offer two convenient options to make the company formation process easier.
Business formation online
With the online platform offered by Cambodia, individuals are able to start and finalize the process of starting a business from any location. The capability to track progress, submit necessary paperwork, and access our services via secure digital channels guarantees a seamless and user-friendly encounter.
Business formation remotely
If you would rather not deal with paperwork, our team of experts can handle all the necessary formalities, complete the required paperwork, and communicate with the relevant authorities on your behalf to ensure your peace of mind.
Contact us today and launch your small business success
Contact us now to schedule a meeting and begin pursuing your business goals. We can progress together by taking that initial step.