Tentmaker Reports

Cambodia Report

Entrepreneurial Missions Index

41.81

General Information

Population

15,135,169 (63rd most populous country in the world)

RELIGIONS
Buddhist96.4%
Muslim2.1%
Other1.3%
Unspecified0.2%
LANGUAGES
Khmer95.0%
French
English

Industries

Tourism, garments, construction, rice milling, fishing, wood and wood products, rubber cement, gem mining, textiles

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Cambodia, visit https://www.cia.gov/library/publications/the-world-factbook/geos/kh.html.

Business Information

The World Bank ranks Cambodia as 134 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Cambodia.

In order to start a business in Cambodia, one must follow these procedures:

  1. Deposit the legally required initial capital in a bank and obtain deposit evidence
  2. Check the uniqueness of the company name
  3. Have an abstract of the company organization documents (bylaws, memorandum, and articles of association) published in a recognized public newspaper
  4. Incorporate the company with the Commercial Register, maintained at the Office of the Clerk of the Commercial Court
  5. Make a company seal
  6. Have registration documents stamped and approved by Phnom Penh Tax Department
  7. Register the company for VAT and patent at the Real Regime Tax Office
  8. Notify the Ministry of Labor of the start of operations and hiring of employees
  9. Receive inspection from the Labor Inspector

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Cambodia, visit http://www.doingbusiness.org/.

 

To learn more...

 

Cambodia Economic Freedom

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland.  It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world.  The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking.  The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.
 

Cambodia Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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