Can business in Cambodia change it’s legal entity type?

Certainly, a business operating in Cambodia has the option to modify its legal entity type. The process of changing a business’s legal entity type requires multiple steps, such as seeking guidance from experts, establishing a new entity, transferring assets and operations, winding up the old entity, and informing stakeholders. The procedure may differ based on the existing and desired business structures and regulations. It is essential to seek advice from professionals and guarantee that all protocols are followed accurately to prevent potential legal and financial repercussions.