For the development of the 100MW national solar park in Kampong Chhnang Province, the Kingdom of Cambodia, the ELECTRICITE DU CAMBODGE (“EDC”) has hosted their first international competitive bidding on Build-Own-Operate (BOO) basis which development is divided into 2 different phases: Phase one the development of a 60MW solar power plant which has been completed […]

Three years on from the issuance of the Law on Trusts (dated 2 January 2019), the Non-Banking Financial Services Authority (“NBFSA”) issued Prakas No. 003 F.S.A.PrK on 26 January 2022 on Rules for the Management, Establishment, and Functioning of Trusts (“Prakas”) to set out the rules, conditions, and procedures on the establishment of trusts, their […]

Two new laws related to private investments were recently adopted in Cambodia. The Law on Investment dated 15 October 2021 (the “New Law on Investment”) and the Law on Public-Private Partnership dated 18 November 2021 (the “PPP Law”). Highlights of this note The New Law on Investment New Process of Registration: Online Application Incentives Investment […]

As part of a wider enhancement of digital public services, and to improve the business and investment environment, the Royal Government of Cambodia launched Phase 2 of its online business registration platform, known as the “Single Portal,” on 1 September 2021. The move comes a little over a year after Phase 1 of Single Portal […]

Ministry of Commerce of Cambodia issued a clarification on the use of abbreviated names by Cambodian’s legal entities. Starting a business in Cambodia by setting up a company requires registering the company through the Ministry of Commerce (“MOC”)’s online system. As a matter of practice, to assign a name to the company, as the first […]

On 20 July 2021, Cambodia’s state-owned electricity utility EDC has announced selected 12 prequalified bidders for the country’s National Solar Park Project, phase 2. Unfortunately, the identities of the selected bidders are not publicly announced. The pre-qualification is about the bidders’ experience and their financial strength. It does not include a review of their technical […]

Prakas No. 100 on Conditions and Procedures of Granting Permits to Companies Providing Digital Services for Road Transportation, dated 21 June 2021 (“Prakas 100”) were recently issued. Highlights of this note Process and required documentation Time frame Validity Renewal Ongoing obligations post registration

On 12 May 2021, the Ministry of Commerce (“MOC”) and the Ministry of Economy and Finance (“MEF”) issued joint Prakas No. 316 on Monetary Fines under the MOC’s Jurisdiction (“Joint Prakas 316”), introducing hefty fines for not registering corporate changes, the annual declaration of commercial enterprise (“ADCE”), financial statements, or trademark renewals, and for conducting […]

On 31 December 2020, the Cambodian Ministry of Labor and Vocational Training (“MLVT”) announced the launch of its automated online portal for labor-related services (www.mlvt.gov.kh) through Prakas No. 430/20 on Putting in Place Public Services related to Labor and Vocational Training Sectors via an Automated System (“Prakas 430”) and its subsequent notification dated 5 January […]

On the night of 14 April, the Cambodian Government ordered a number of restrictions in response to the recent rise in COVID-19 infections by means of Decision nr. 49 SR dated 14 April 2021 (“Decision 49“). The regulation was follow up by an amendment providing some additional details by Decision nr. 50 dated 17 April […]

In accordance with the recent Government directed business closures and stay-at-home orders, we would like to inform you as follows: VDB Loi in Phnom Penh will continue to operate, with the help of our cloud technology, through online processes and work-from-home.  Tax filings and government filings will continue insofar these are possible by distance/online. Tax […]

With the current drastic increase in the number of COVID-19 infections in Cambodia and to help prevent the spread of contagious diseases, the Royal Government of the Kingdom of Cambodia enacted the Law on Measures to Prevent COVID-19 and Other Fatal and Harmful Diseases on 11 March 2021 (the “COVID Law”) and Sub-Decree No. 37 […]

The richness of Cambodia’s soil makes rubber plantations a popular investment in the Kingdom of Cambodia. Seeing the potential growth in this sector, the Ministry of Agriculture, Forestry, and Fishery (“MAFF”) recently issued a new Prakas on the Application Procedure for Establishing and Operating Rubber and Rubberwood Processing Factories and Handicraft Enterprises (no. 040 BrK. […]

On 17 February, EDC has received 14 bids, at the tender for Phase 2 of the National Solar Park project which is more than generally expected. Phase 2 comprises a 40MW solar project in the Cambodian province of Kampong Chhnang, a few hours driving from the capital Phnom Penh On 1 December 2020, Cambodia’s public […]

In addition to the Construction Law, which was passed in 2019, the Ministry of Land Management, Urban Planning, and Construction issued a new sub-decree on construction permits, Sub-Decree No. 224 ANKr. Br on 30 December 2020 with the intention to further regulate construction in Cambodia. Highlights of this note Permit Types and Application Process Competent […]

昨年12月1日、EDC（カンボジア電力公社）はナショナル・ソーラー・パーク・プロジェクトのフェーズ２の入札を発表した。2019年に実施したフェーズ１の出力60MW 入札では、タイのプライム・ロード・アルタナティブが落札した。 本稿のハイライト プライム・ロードが注目されるが、何が起きてもおかしくない。 事前資格審査は簡単、現地調達義務も資本参加義務もなし。 カンボジアのPPAは信頼性が高く魅力的。 用地取得は問題とはならない。 入札でVAT（付加価値税）をどう扱うか。 コロナ禍での建設最終期限はいつ。 私の予測

On 1 December 2020, Cambodia’s public utility the Electricité du Cambodge (“EDC”) launched a tender for the second phase of its National Solar Park project. The first phase, 60MW, had been won by Prime Road Alternative of Thailand after a competitive tender in 2019. Highlights of this note Prime Road is the one to watch, […]

In response to several COVID incidents linked to international travel and foreign diplomats, the Cambodian Ministry of Health is sharpening the measures applicable to most international travelers arriving in the country.

As a developing country, child labor has been an important concern in Cambodia for decades. The increased power of social media has shone a new light on child exploitation. Highlights of this note Convention on the Rights of the Child: Provision on the Protection of Children From Economic Exploitation Does Cambodia Allow Minors to Perform […]

Introduction   The banking system in Cambodia includes commercial banks, specialized banks, microfinance institutions (“MFIs”), rural credit institutions, financial leasing companies, third-party processors, credit bureaus, representative offices, payment service providers, and money changers. Of these entities, commercial banks play a crucial role in providing financial services to the general public and businesses, ensuring economic and social stability, and the sustainable growth of the economy. As of this writing, there are 51 licensed commercial banks in Cambodia; […]