How to register business in Cambodia via Online – CamDX
Business registration in Cambodia is the registration of establishments, its important thing
maintained by the country to help approve their business. It gives more recognition to your
business name by allowing the logo to represent the business.
Why Register Your Business? Business registration offers both legal and economic benefits. Legal benefits registration provides certainty and legal protection during the conduct of business activities, listed companies will acquire a legal personality the company has the right to own personal property, conduct business activities and sue on its own behalf. In addition, the company will have the opportunity to increase the prestige of its brand or brand name Gain reputation and trust from users, customers and other partners.
The economic benefits of registering a company will provide an opportunity for companies to apply for financing from banks, investors and other lending institutions to expand them business and markets faster. The company can also add new shareholders and can attract investors to invest more capital
Business registration very important to show that a business is a legitimate business and is protected by law in the event of a dispute or any dispute that may arise.
- Create personal identity for your business
- Avoid fines and business closure
- Receive legal protection
- Attract corporate customers because no corporate company wants to do business with unregistered business
- Ease your access to bank loan and investment
- Get benefits for your employees from National Social Security Fund
- Fulfill your obligation as a citizen under Cambodian laws and regulations
The Risk for Missed to Business Registration
The business owner may be assumed to be involved in illegal business or unlawful business operations for failing to register a corporation as a technical owner. Therefore, in line with Article 40, Paragraph 1 of the Law on Commercial Rules and Business Registration, the commercial owner must immediately cease all business operations and/or face fines. This liability may lead to the loss of the business owner’s personal property if legal action is taken against or sanctions are imposed for improper business practices.
- Choose your suitable business entity
The first step to register when establishing a company is choosing the right business entity. There are six entities available in Cambodia, which are:
• Sole proprietorship
• Limited liability company
• Private limited company
• Public limited company
• Single-member private limited company
• Representative office
• Foreign branch office
- Find and choose business name
- Office rental agreement
- Passport, telephone, email, google map pin and photo 4×6 (6 copies)
- Set your business capital and number of shareholders
- Articles of incorporation
Upon registering with the Ministry of Commerce, Article of Incorporation is a must and a complicated one to fill for one or more competent natural persons or legal persons when want to start up a limited company.
How to Apply:
We’ll guide you through the steps of registering a business registration platform that utilizes our “cam DX” technology (also known as the single portal), the government’s new IT based platform through which a business registration takes place cam DX is a unified yet decentralized data exchange layer between information systems that offers a standardized and secure way to provide and consume services. The system includes the participation of the following three ministries:
- Ministry of Commerce
- General Department of Taxation
- Ministry of Labour and vocational training
To be able to register your business is new IT based platform ,
you may visit www.registrationservice.gov.kh, Click on Button “Register Business” on the Menu Bar of the website and log in vai CamDigiKey app on your mobile phone.
Once you complete filling out the form and attaching the documents, you may make direct payment online . All information you entered on the portal will be received by the relevant ministries institutions simultaneously.
In just 8 working days you will be able to obtain digital licenses and certificates from the abovementioned ministry’s institutions.
With the online business registration portal operated on cam DX you will gain the below benefits :
- Wait for approval for a maximum of eight working days
- Eliminate the provision of repetitive information
- Spend much less
- Register and pay online for all services at once
- Obtain digital licenses and certificates via the system.
If you need more information about business registration, please contact us via this number 098726999 or click here to visit our service page.
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- Category: Blog,Taxation
- Tags: Tags: Business Registration in Cambodia, Register Business in Cambodia