Is Investing in Cambodia a Good Decision?
Before choosing the best place to Invest in Cambodia, a potential investor needs to consult an expert who will not only advise the good economic sector for investment but also perform investment transactions. Only after obtaining competent advice on investment issues and arranging investment transactions in accordance with Cambodian law.
The very popular sectors among foreign investors are light agricultural production, real estate procurement and construction, tourism industry, mining and other sectors of the economy.
Investment in Cambodia is a very good investment option. Real estate prices in Cambodia are not high yet, but, nonetheless, rental income, later resale, and other operations with acquired property are impressive. Although Cambodian law prohibits a foreign national from owning land, you can buy a piece of land from your company located in the Kingdom of Cambodia.
In addition to tourism, Cambodia’s economy is rich in exports of clothing, footwear, textiles, rubber, timber, tobacco, rice and seafood. Each of these industries is developing actively and steadily, providing an excellent opportunity for a foreign investor to invest and make a profit from sales.
Cambodia’s export partners are the United States, Germany and the United Kingdom. Some of these developed countries have provided export quotas to Cambodia for their products. Another industry conducive to investment is the extraction and export of minerals. Despite the fact that most of the country is covered by forests, the state is rich in reserves of tin, iron, copper, zinc, gold, silver and other precious metals.
Real Estate Cambodia is a rapidly changing society that offers many opportunities for the discerning investor. Although further progress is needed in legal and judicial reform, foreign investors are convinced of the royal government’s commitment to the reform process. The country’s commitment to the market economy is very strong, as enshrined in the constitution. We look forward to fruitful ongoing negotiations with Royal Government officials at the IBC, aimed at further improving the investment climate.
Investing in Cambodia Eurochem is a Cambodian initiative. It aims to provide reliable guidelines for European corporations seeking to expand into Cambodia. The country has experienced rapid economic growth for two decades, driven by rising exports and rising domestic consumption.
EuroCam aims to promote best business opportunities in Cambodia, foster partnerships between Cambodian and European organizations. Cambodia is one of the best developing countries in the world. Despite COVID-19, this rapid growth is expected to be largely sustained. Investing in Cambodia provides practical information to help businesses grow in this great market.
6 Reasons Why Investing in Cambodia a Good Decision
Foreign direct investment has been recognized as a key potential partner in growth and development. It can access capital, technology, management information and new markets. Compared to other types of capital flows, it is also more stable with a long-term commitment to the host economy. The Investment Guide to Cambodia is the sixth concrete product of cooperation between the United Nations Conference on Trade and Development and the International Chamber of Commerce.
It aims to bring together two parties with complementary interests: companies in search of new places and countries in search of new investors.
This is not always a straightforward exercise, as firms pursue their global strategies as much as they crave specific opportunities, and countries have economic and social goals that attract foreign investment. The guides themselves are the product of a dialogue, including between business and government representatives, and during workshops that precede the completion of the guides.
In 1999, Cambodia became a member of the Association of Southeast Asian Nations (ASEAN), comprising 10 countries with a total population of approximately 50,550 million and a GDP of less than 600 billion. The China-ASEAN Free Trade Area, to be implemented in 2009, will create a trade bloc of 1.6 billion people. No one can be smaller than the ongoing dialogue between India and ASEAN. In addition, as an LDC, Cambodia Real Estate has preferential access to some of the richest companies in the world for a variety of excellent products.
Note to the Reader
This booklet is published as part of the UNCTAD – ICC Series Investment Guidelines. The publications of this series are for the use of foreign investors who are more unfamiliar with these countries. Thus, they are designed to provide an overview of potential Cambodia Investment Opportunities, rather than creating a complete reference work or providing detailed practical guidance. However, they point to more sources of information in the private and public sectors. There are two more features of these publications which will be of interest to the readers. One is that they are third party documents, the purpose of which is to provide a balanced and objective account of investment conditions.
The biggest benefit of attracting investors to these countries is their reputation. Another feature is that their general structure and certain content is the result of private sector consultation.
An Open Economy
The Cambodia Real Estate Market is an open economy, quite an open economy. In 2003, the Heritage Foundation’s Economic Freedom Index, compiled by the United States Heritage Foundation, ranked Cambodia 35th out of 170 countries. The factors that the index reflects are of great interest to potential investors: financial burden, regulatory barriers, labour market restrictions, trade policy
Cambodia Real Estate is not a problem for many underdeveloped countries, but at least as far as government policy is concerned, it can claim a free welcome for foreign investors. Cambodia is one of the world’s leading LDCs in terms of market friendliness.
Tourism is one of the areas in which Cambodia wants to attract the most foreign investment. In this, it is hardly unique. However, unlike other countries, the temples of the Angkor complex in Cambodia have an amazing cultural asset. The country is poised to reach one million tourists in the next few years and its potential could be huge. A very diverse asset is Cambodian labour.
Although it is acknowledged by both current investors and the government that the training of Cambodian workers is poor, it is a lack of remedial action, and almost everyone agrees that they are willing.
Many individuals and organizations have participated in the preparation of this project and this guide. Although we cannot list each partner, the following features are highlighted. Donor funding for this project has been made possible, especially by the governments of Finland, Italy and Norway, and the United Nations Development Program in Cambodia. Program; Company executives and government officials who participated in the consultation in Phnom Penh and commented on the earlier draft.
The cooperation of the Council for Development of Cambodia and especially its Secretary General Sook Chanda Sofia was essential for the success of this project, as was the cooperation with the Ministry of Commerce, especially Minister Cham Prasad and Secretary of State.