Laws and Regulation
Japan to Propose New Legislation to Unlock Loans for Businesses Based on Growth Potential Without Property Collateral
The Japanese government is set to introduce groundbreaking legislation aimed at enabling emerging startups and small to midsize enterprises (SMEs) to secure loans based on their growth potential, rather than traditional collateral like real estate, according to The Japan News published on 16 October 2023. This strategic move is part of a comprehensive economic stimulus […]
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Boosting Trade: Gov’t Announces Customs Duties Exemption for Goods Under US$1,000
Prime Minister Hun Manet declared the waiver of customs duties on both imports and exports valued at less than US$1,000. This pivotal announcement was unveiled during the 19th “Government-Private Sector” forum on 13 November 2023. The PM’s visionary decision not only streamlines trade processes but also signifies a significant reduction in the customs clearance fee. […]
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Gov’t Unveils Stimulus: Stamp Duty Tax Exemption on Real Estate Under US$70,000 until 2024 Year-End
Prime Minister Samdech Hun Manet announced during the 19th “Government-Private Sector” forum on 13 November 2023, that the government is extending the stamp duty tax exemption for real estate valued under US$70,000 until the close of 2024 to foster homeownership and stimulate the real estate market. PM Hun Manet stated, “We will continue the stamp […]
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Gov’t Initiates Two Measures in Siem Reap to Propel Tourism Growth in 2024
In a groundbreaking move to fortify the tourism sector, Prime Minister Hun Manet unveiled pivotal measures at the 19th “Royal Government-Private Sector” forum on 13 November 2023, geared towards propelling Siem Reap’s tourism to unprecedented heights in 2024. PM Hun Manet’s visionary announcement included a comprehensive study on transforming Phnom Kulen in Siem Reap into […]
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PM Unlocks Opportunities: Foreigners Granted 50-Year Leasing Rights for Real Estate in Cambodia
In a significant announcement at the 19th “Royal Government-Private Sector” forum on 13 November, PM Samdech Hun Manet unveiled a groundbreaking initiative granting foreigners the legal right to long-term leases for real estate in Cambodia, extending up to an impressive 50 years. This landmark decision comes at a time when foreign ownership of land remains […]
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PM: To Spur Economic Activity, Unused Land with Size More Than 5 Hectares is Subject to Tax
Prime Minister Samdech Hun Manet revealed a groundbreaking tax reform concerning unused land in Cambodia. The prime focus of this reform is to impose taxes on idle lands exceeding 5 hectares, while lands below this threshold will enjoy exemption. The pivotal announcement was made at the 19th “Royal Government-Private Sector” forum on 13 November 2023. […]
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Minister of MME Champions Sustainable Practices in Issuing Mining Licenses
The Ministry of Mines and Energy has declared its commitment to prioritising environmental conservation principles before issuing mining licenses to private companies. During a recent meeting with stakeholders in the mining sector, HE Keo Rattanak, the Minister of Mines and Energy, emphasised the ministry’s stand to strike a delicate balance between conservation efforts and industrial […]
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Deciphering Property Rights: Private vs. State Ownership Explained
In any nation, the right to own and enjoy property is a fundamental cornerstone of society. Understanding the distinction between “Private Property” and “State Property” is pivotal in ensuring the harmony and well-being of a country’s citizens. Private Property encompasses both tangible and intangible assets owned by individuals or groups, secured by legally recognized title […]
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Gov’t Unlocks 639 Hectares of Prime Land in Stung Hav for Private Investment
Cambodia’s government has unveiled an ambitious plan to transform 639 hectares of pristine state-owned land in Tumnup Rolok commune, Stung Hav district, Preah Sihanouk province into a hub of commercial and service excellence. This strategic development initiative, outlined in Sub-Decree No. 137 issued on 23 June 2023, marks a significant step towards fostering private investment […]
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Gov’t Unveils 15 Land & Construction Policies for Advancing Urban Development
In an effort to bolster urban planning and construction in Cambodia during its seventh mandate, the Ministry of Land Management, Urban Planning, and Construction has introduced 15 pivotal policy priorities. His Excellency Say Sam Al, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction, unveiled these policies during a recent meeting with […]
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