Cambodia is an emerging economy with an expanding economy and young, entrepreneurial population. It welcomes foreign investments and has instituted reforms to make business formation simpler and operate smoothly.
Cambodia provides numerous business opportunities tailored to your skills, experience and budget. Some of the more prominent sectors include:
- Real estate: market is experiencing strong economic growth and population expansion, creating high demand for both residential and commercial properties as well as providing ample investment and development opportunities.
- Tourism: Cambodia has long been a coveted travel destination, with its vibrant culture, ancient temples, and breathtaking scenery attracting millions of tourists each year. Tourism-related businesses – hotels, restaurants, tour operators services and transportation services – have seen significant demand over time.
- Agricultural: Cambodia is an agricultural powerhouse, exporting rice, rubber and other commodities. There are numerous opportunities in Cambodia’s agricultural sector for businesses looking to leverage agricultural production – food processing companies, technology providers and input suppliers are just a few examples.
- Manufacturing: Cambodia offers a competitive labor market and several government incentives for manufacturers, making it an attractive location for businesses involved in garment production, electronics production and automotive component assembly.
- IT and Technology: Cambodia’s IT and technology sector is expanding quickly due to rising internet access and mobile phone use, creating numerous business opportunities in this sector ranging from software development, web design and digital marketing.
How to Conduct Business in Cambodia
Cambodia government has implemented numerous reforms over recent years to make starting and running a business easier, yet businesses still face hurdles such as corruption and bureaucracy.
What is the Biggest Business in Cambodia?
Cambodia’s garment industry accounts for more than 80% of exports. Other major industries include tourism, agriculture and construction.
How Easy is it to Set Up a Business in Cambodia?
Cambodia’s government has recently instituted several reforms designed to make starting and operating a business simpler; however, businesses still face some hurdles such as corruption and bureaucracy that hinder growth.
According to the World Bank’s Doing Business 2023 report, Cambodia now ranks 119th out of 190 countries for ease of doing business, an improvement from their ranking of 154th in 2013.
What Business is Popular in Cambodia?
Most popular businesses in Cambodia include:
- Restaurants and cafes
- Tour operators
- Hotels and guesthouses
- Transportation services
- Software development
- Web design
- Digital marketing
- Agricultural technology
- Food processing
- Garment manufacturing
- Electronics manufacturing
Guide Business Registration in Cambodia
Business Registration in Cambodia allows businesses to register quickly and efficiently online with them, much faster and simpler than through traditional paper processes.
Business Registration in Cambodia Made Easy
- Set up an account on OBR website
- Provide the required details about your business, such as its name, address and business activity.
- Pay the registration fee.
- Upload any required documents relating to your company such as passport or identity card copies as well as lease agreement copies.
Once your application has been received by the Ministry of Commerce (MOC), they will review it and issue you a business registration certificate within 8-10 working days.
Summary
Cambodia is an emerging nation with an expanding economy and young, entrepreneurial population. The Cambodian government welcomes foreign investments and has implemented several reforms designed to make starting and operating a business simpler.
Cambodia provides numerous business opportunities that fit any skill, experience, and budget – such as real estate development, tourism, agriculture, manufacturing and IT/technology services. Some of the more sought-after sectors include real estate, tourism, agriculture manufacturing as well as IT/technology.
If you are planning to establish a business in Cambodia, it is crucial that you conduct proper research into both its market and regulatory environment. Working with local partners is also invaluable – they will ensure a successful outcome! Stay patient and be persistent to achieve your goal – you may just find success!l.
Business Registration in Cambodia Made Easy
Business Registration System (OBR). The OBR allows businesses to register online, which is much faster and easier than the traditional paper-based process.
To register a business online, you will need to:
- Create an account on the OBR website.
- Provide the required information about your business, such as your company name, address, and business activity.
- Pay the registration fee.
- Upload the required documents, such as your passport or identity card and a copy of your lease agreement.
Once you have submitted your application, the Ministry of Commerce (MOC) will review it and issue you a business registration certificate within 8-10 working days.
