Let SINO register a Cambodian company for you
Cambodia
Introduction
Located in the southern part of the Indochina Peninsula and bordering Vietnam, Lao Ti and Thailand, Cambodia has become one of the fastest growing economies in Southeast Asia. Cambodia is a member of the Association of Southeast Asian Nations (ASEAN) and one of the member economies of the World Trade Organization (WTO). Cambodia enjoys the preferential treatment of most-favored nation, all tax exemptions except weapons, and universal preferential nation in many countries. At the same time, Cambodia provides a large number of low-cost labor and has regulations to encourage investment, making the country one of the first places for foreign investors.
Company registration process
Under normal circumstances, if the company's business scope does not require additional licenses or permits, it will take about 14 to 16 weeks to register a limited company in Cambodia.
1. Determine the company name
The company name to be used cannot be the same or similar to the registered or reserved company name. The client's company name can be translated into Khmer and the company name can be checked for duplication to determine the availability of the proposed company name.
2. Prepare documents required for company registration
Companies planning to be incorporated in Cambodia need to submit relevant company establishment documents and registration forms through the Ministry of Commerce system, and pay registration fees to complete the registration application. The Ministry of Commerce will review the documents. If there are no problems, a company registration certificate, company articles of association certified by the Ministry of Commerce, a seal, etc. will be issued.
3. Open a bank account
After the company is incorporated, it must apply for opening a bank account. According to the requirements of the Bank of Cambodia, when applying to open a company bank account, the company directors and all authorized signatories must go to the bank where the account is opened to handle the account opening in person. Our firm can assist the client to open a bank account for his Cambodian company in the Bank of Cambodia, including preparing and reviewing account opening documents, and accompanying the client to visit the designated bank to handle account opening matters.
4.Tax registration
When the Ministry of Commerce issues the relevant company registration certificate and completes bank account opening, the Cambodian company must apply for tax registration to the Cambodian Taxation Administration▫The General Taxation Administration will issue a patent tax certificate and a value-added tax certificate after accepting the documents▫
According to legal regulations, a newly established Cambodian limited company must apply for tax registration to the General Administration of Taxation of Cambodia within 15 working days after registration with the Ministry of Commerce. If it is overdue, it will face a fine of US$500.
Registration required materials
To register a Cambodian limited company, you need to provide the following documents and information:
1 Two to three English names of Cambodian companies to be used;
2. If the shareholder is a natural person, six clear and complete color scans of each shareholder's passport must be provided. They must be signed on the lower right side and provide proof of their address. If the shareholder is a corporate body, a clear and complete color scan of the company's registration certificate and articles of association must be provided. The above documents must be translated into English and notarized by a lawyer at the place of registration;
3. Six clear and complete color scanned copies of the passport of the person who intends to serve as a director of a Cambodian company, and must sign on the lower right side and provide proof of address;
4. Six recent photos with a white background of 4cmx6cm each of the person who intends to serve as a director of the Cambodian company. The person in the photo cannot wear glasses and his ears should be exposed. The director needs to sign on the back of the photo;
5. Certificate of no criminal record of the person who intends to serve as a director of the Cambodian company;
6. The business scope of the Cambodian company (main business);
7. The amount of registered capital and share distribution ratio of the Cambodian company (if there is more than one shareholder).
