Laws and Regulation
To What Extent Can Foreigners Acquire Ownership of Co-owned Property?
To facilitate the business environment and foreign investment in Cambodia, especially in the construction and real estate sectors, the Cambodian government has established law regarding foreign ownership of co-owned buildings. To what extent can foreigners acquire ownership of co-owned buildings? Co-owned building refers to building or construction in which several co-owners live, such as condominiums, […]
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Cambodia, Korea Discuss Sea Transport Agreement
Cambodia and South Korea are currently discussing a new sea transport agreement to reduce legal red tape and boost bilateral trade. The discussion was held on 12 October under the chairmanship of Secretary of State of the Ministry of Public Works and Transport (MPWT) HE Ros Vanna. HE Ros said that both parties are reviewing […]
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MPWT Discussing Port Draft Law to Boost Water Logistics
The Ministry of Public Works and Transport (MPWT) and other related institutions are discussing and reviewing the port draft law, aiming to enhance and control the water logistic system in Cambodia. The meeting was held on 14 October and chaired by Minister of Public Works and Transport HE Sun Chanthol. The main purpose of the […]
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600 hectares of Protected Land in Sihanoukville Given to Local Tycoons for Development
The Cambodian Government has given a 600-hectare land plot carved from the 2002- mangrove forest preservation and protected area Sihanoukville to Okha Seng Nhak and his wife Ly Arpon for investment and development purposes. According to a sub-decree dated 08 June 2020, this 600-hectare land plot is located at the southern part of Sihanoukville international […]
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Half of Government’s Public Investment Allocated to Infrastructure Sector
The Cambodian government has approved 629 public investment projects, worth over US$12 billion, of which 50% has been allocated to infrastructure development, according to the 2021-2023 public investment bill approved by the cabinet on the morning of 09 October. Among all the projects, 203 projects are being implemented, using US$8.3 billion in capital. Meanwhile, the […]
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National Police Chief Urge Strengthening Security in Condos and Boreys
The National Police and the Phnom Penh Municipal Administration have issued eight new sets of guidelines for all real estate developers to practice, aiming at strengthening security and safety in condos and boreys across Phnom Penh city. The guidelines were announced during a joint meeting between the National Police Chief General Neth Savoeun and Phnom […]
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Let’s Find Out! EP 47: Does renovating an existing property require a permit?
Before starting any construction project, the project owner must first apply for a construction permit from different authorities depending on the type and size of the project. But what about renovating or reconstructing an existing building? Is the owner required to file a request for a permit?
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Q&A: New Capital Gains Tax & the Impacts on the Cambodian Real Estate Sector
After the Department of General Taxation (GDT) announced that all capital gains, including the profit gained from selling real estate, are subject to a 20% tax after 01 January 2022, there have been doubts regarding how exactly the new tax will be implemented. One of the leading law firms in Cambodia DFDL and renowned real […]
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Sihanouk Provincial Hall Mulls Giving Land to 53 Koh Rong & Koh Rong Samloem Families
Sihanoukville Provincial Administration is working on the possibility of giving to land to 53 families who have proof of occupying land in Sangkat Koh Rong and Sangkat Koh Rong Samloem Province, according to the administration’s announcement on 19 September. The announcement stated that those 53 families are required to submit the proof or related documents […]
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Let’s Find Out! EP 46: The Process of Title Conveyance for Land with Soft and Hard Title
Transferring ownership is the basic yet necessary procedure after purchasing or selling any real estate. How to legally perform title transfer? What are the essential steps? What are the similarities and differences between soft title and hard title when transferring?
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