Laws and Regulation
Sihanoukville Enhances Connectivity with Government Initiative: Free Wi-Fi Unveiled in Key Public Areas
In a strategic move to bolster connectivity and foster digital accessibility, the Sihanoukville Provincial Department of Posts and Telecommunications has successfully implemented a Public Wi-Fi project in prominent public spaces and major entertainment hubs within Sihanoukville. Chaired by Mr Yus Sothea, Director of the Department of Posts and Telecommunications of Preah Sihanouk Province, a meeting […]
Read More
Gov’t Extends Tax Incentives to Boost Real Estate to End of 2024
The Cambodian government has announced an extension of the tax grace period to bolster the real estate sector and facilitate access to affordable housing for low- and middle-income citizens amidst global economic uncertainties. The decision, outlined in a notification from the Ministry of Economy and Finance dated 4 January, involves the continued exemption of stamp […]
Read More
Cambodia Takes a Stand for Environmental Conservation: Prey Lang Mining Licenses Suspended
In a groundbreaking move towards environmental preservation, the Cambodian government, led by Prime Minister Samdech Hun Manet, has declared a halt on the issuance of mining licenses in the ecologically significant Prey Lang area. This pivotal decision was announced during the closing ceremony of the 2023 work review meeting and the 2024 work direction of […]
Read More
Ministry of Land Eases Certification Procedures for Pre-2019 Factory & Warehouse Buildings
The Ministry of Land Management, Urban Planning, and Construction has introduced streamlined procedures for the certification of factory buildings and warehouses constructed before the implementation of the 2019 Construction Law. The initiative, outlined in letter No. 043 Don S / AS / SON dated 13 December 2023, is a collaborative effort with licensed construction inspection […]
Read More
Gov’t Allocates Over 91 Hectares of Land from Forest Cover in Kampot Province to Private Ownership
The Cambodian government has earmarked a substantial 91,540 hectares of land in Changkon village, Sangkat Prek Thnaot, Bokor city, Kampot province. This transformative decision, outlined in Sub-Decree No. 240 signed on 9 August 2023, designates this area, once part of the forest cover, for private ownership under the stewardship of Mr Heng Sour. The land […]
Read More
Cambodia Unveils Strategic Tax Incentives Propelling Economic Growth Across Key Sectors
The Cambodian government has rolled out a series of tax incentives, particularly in the real estate sector, showcasing a commitment to fostering business resilience and invigorating the national economy amidst the COVID-19 pandemic. The real estate industry, a pivotal driver of Cambodia’s economic recovery, enjoys exemptions from property tax in selected areas, coupled with a […]
Read More
Telecom Regulator Issues Deadline for Borey Owners to Dismantle Signal Boosters Equipment by December 10
The Telecommunications Regulator of Cambodia has issued a crucial deadline for all Borey development project owners in Phnom Penh to dismantle any service-increasing or internet expansion equipment within their developments before December 10, 2023, according to Letter No. 10079 ន.ទ.គ dated 16 November 2023. Preceding this deadline, a notice was issued to all Borey owners, […]
Read More
Gov’t Unveils Non-Tax Incentives to Revitalise 364 Stagnant Buildings in Sihanoukville
In response to the challenge posed by nearly 400 incomplete buildings in Sihanoukville, hindering the city’s progress, the Cambodian government has introduced groundbreaking initiatives aimed at revitalising these stagnant projects. Out of a total of 965 construction projects in Sihanoukville, equivalent to 1,069 buildings with a substantial investment capital of US$4,056,152,112, the urgency for intervention […]
Read More
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 […]
Read More
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. […]
Read More