Gov’t Issues New Guidelines for Real Estate Investment Trust

• 10 November 2022
• Property Focus
• 1935 Views

The Non-Banking Financial Services Authority has issued guidelines for the recognition of appraisal companies and real estate appraisers in the field of trust investment.

According to Proclamation No. 052 dated 3 November 2022, companies wishing to apply for recognition must submit the application with the following requirements:

• Obtain a license from the Trust Regulator.
• Have been doing business in Cambodia for at least 2 years from the date of application.
• Have at least one expert evaluator.

Property evaluators who wish to apply for recognition must:

• Have at least 3 years of real estate appraisal experience
• Provide a letter of appointment from the appraisal company
• Participate in training courses and exams organized by the Trust Regulator

In Cambodia, foreigners can buy land in Cambodia through a trust company registered with the Ministry of Economy and Finance. (Read more)

• Laws and Regulation