Update Type: Legal Updates
The Ministry of Commerce (“MOC”) and Ministry of Posts and Telecommunications (“MPTC”) announced the launch of a standard QR code verification for certificates of incorporation through the verify.gov.kh website. The verification uses blockchain technology to ensure the security of the documents. In line with the Cambodian Digital Economy and Social Policy Framework 2021-2035, this cooperation […]
Recently, the Ministry of Justice (“MOJ”) and the Ministry of Posts and Telecommunications announced the official launch of the “verify.gov.kh file verification” providing a QR code verification of the MOJ’s Criminal Record No. 3, otherwise known as a Police Clearance Certificate. This is part of the government’s broader digitalization efforts. As part of this, last […]
On 12 April 2024, the Ministry of Commerce issued Prakas No. 095 on Unfair Practices Related to Advertising and Sales Promotions, which aims to further regulate certain business activities on advertising and sales promotions that are not covered by the Cambodian Consumer Protection Law. The following are prohibited activities that are considered unfair practices in […]
Overview To streamline the transshipment process while maintaining national security, the Ministry of Economy and Finance issued Prakas No. 337 dated 30 May 2024 on Transshipments at Sihanoukville Autonomous Port (“PAS”), which sets out the rules and procedures for transshipment allowing the transfer of imported goods through Cambodia’s seaport for further export to their destination […]
On 9 April 2024, the Ministry of Land Management, Urban Planning and Construction (“MLMUPC”) officially rolled out its new digital public services, aimed at increasing efficiency, convenience, and transparency for service users. These digital public services represent a significant step in the MLMUPC’s digital revolution and the initiative is a key priority of the first […]
要するに、外国企業が事業を行うためにはカンボジアで事業体を登録する必要がありますが、法人である必要はありません。カンボジアの商業企業法(LCE)によると、3つの形態のいすれかを選択することができます。
Briefly, a foreign business must register an entity in Cambodia in order to carry on a business, but it is not necessary to be in the form of a company. According to the Law on Commercial Enterprise (“LCE”) of Cambodia, a foreign business may choose one of the three forms.
Following where China has been spending and investing its Belt & Road Initiative (“BRI”) capital can provide FDI clues and reveal new opportunities in recipient countries. As infrastructure builds start to yield productive user cashflows and the need for subsequent support services arises, case studies for investment potential become apparent. In this new series, we […]
Under Prakas No. 148, a certification of items and quantities of chemical substance use for the purpose other than medicine production shall be obtained before import the products to Cambodia. The process applying for this certification is a straight forward. The application shall submit the application form and fees is to be done at the Single […]
VDB Loi Cambodia has just released the latest corporate booklet on ‘Frequently Asked Questions on Corporate Registration in Cambodia’ in both English and Japanese versions. Whether you’re a startup enthusiast or a seasoned business owner, this guide is a must-have! Snag your free hard copy at our office or reach out to Pangarith Buntheth ([email protected]) […]
Siem Reap and Phnom Penh’s success as a tourist destination, as well as a fairly robust economic development, has among other things resulted in a significant boost in connectivity by air for Cambodia. Just before COVID, international arrivals amounted to more than 6 million persons per year, roughly 2 million each from ASEAN and China, […]
In February 2002, the National Assembly adopted the Law on Marks, Trade Names and Acts of Unfair Competition (“Trademark Law”), with a Sub-Decree on its implementation adopted in 2006. The Trademark Law is quite comprehensive in its scope, as it defines the registration, invalidation, and removal processes, collective marks, the licensing of marks and trade […]
The engineering, procurement, and construction (“EPC”) contract constitutes an important component when implementing a project. In this article, we will examine some practical issues related to EPC contracts in the context of cross-border M&A transactions from the perspective of Cambodian laws and practices. Highlights
On 21 August 2023, the Ministry of Labor and Vocational Training, the Ministry of Economy and Finance, and the Ministry of Public Health of Cambodia issued Inter-Ministerial Prakas No. 252/23 SHV.PrK on the Implementation of a New Program of Benefits for Pregnant Workers and Children Under Two Years Old (the “New Prakas”). It replaces Prakas […]
In order to implement the provisions of the Investment Law dated 15 October 2021, the Royal Government of Cambodia adopted Sub-Decree No. 139 ANKr.BK (the “Sub-Decree”) on the Implementation of Investment Law dated 26 June 2023. Notable updates under the Sub-Decree are as follows: 1. New Procedure for QIP Registration In order to obtain […]
With the aim of shifting to clean energy, the Royal Government of Cambodia (“RGC”) has included solar power projects as an area of focus in the country’s energy development vision to 2040. Recent years have seen a number of new solar projects being approved, such as the 100MW national solar park. Existing developers might also […]
The Electricite de Cambodge (“EDC“) has shared its newest Power Development Plan with key stakeholders. We exclusively provide this link for our clients and contacts. EDC plans a radical shift towards Renewable Energy before 2030, especially more solar amounting to 3 GW solar by 2040, and a big push in biomass. No more coal and […]
Under the E-commerce Law, the Ministry of Commerce (“MOC”) and Ministry of Posts and Telecommunications (“MPTC”) are the competent authorities governing the e-commerce sector. The MOC is in charge of issuing e-commerce licenses and permits to service providers, while the MPTC regulates the technological side of the sector, such as setting security and safety procedures […]
On 16 May 2023, the new Law on Public Procurement (“New PPL”) was promulgated by Royal Kram No. NS/RKM/0112/005 to regulate the rules, methods, procedures, and structures for the management and implementation of all public procurement. The new law abrogates the Law on Public Procurement promulgated by Royal Kram No. NS/RKM/0112/004 dated 14 January 2012 […]
This article addresses a possible misunderstanding of Cambodia’s Transfer Pricing (“TP”) regulations as set out in Prakas 986 on Rules and Procedures for Division of Income and Expense between Related Parties (“the Prakas”).