Laws and Regulation
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. What about renovate or reconstruct an existing building, does the owner require to ask for a permit? Construction Law in 2019 stated that all renovating or restoring project […]
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Construction & Property Weekly Video News (26 September 2020)
This week content (26 September 2020): #1. HLH Group Acquiring 1.2-Hectare Plot in Toul Kork for New Mixed-Use Development [Click] #2. Construction of Kampot International Tourism Seaport Delayed [Click] #3. Kampot Studying Centralized Administrative Area and New Stadium Project [Click] #4. Singapore Mulls Investing in Phnom Penh SuperPort [Click] #5. Thailand Transforming 72 Prisons Nationwide into Tourist Destinations [Click]
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Government Extends Property Tax Payment Deadline to 31 October
The Cambodian government has decided to extend the property tax payment deadline to 31 October 2020, according to an official notice from the General Department of Taxation (GDT)’s on 25 September. The deadline was originally set for 30 September. However, since many property owners have yet to pay their tax, the GDT decided to extend […]
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Let’s Find Out! EP 45: The differences between real estate evaluation and estate service business
By law, all businesses in Cambodia must be registered and pay taxes. Similarly, businesses providing real estate evaluation service and real estate services also need licenses. What are the differences between the two types of businesses, and what are the legal procedures to open these businesses?
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Cambodia Constructors Association Urges Government to Cut Construction Permit Red Tape
The Cambodia Constructors Association (CCA) and private firms in the construction and real estate sector have urged the government to cut some of the complicated and unnecessary procedures when applying for construction permits to attract new investors and ease the business environment in Cambodia. The proposal was made during a meeting between the Ministry of […]
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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. To avoid dispute, both the seller and the buyer are required to know the procedure. 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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How Will Capital Gains Tax Affect the Real Estate Market in Cambodia?
Some have claimed that the tax is way too high and is not the right time amid the COVID-19 crisis. Others have said it is an effective way to control unregulated inflated property transactions and increase state revenue.
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Kampot Administration Process Land Acquisition to Long-term Occupants in Bokor National Park
The Kampot Provincial Administration is currently reviewing the applications and will soon gift land to those eligible long occupants in Bokor National Park, according to the work progress meeting on 09 September. Undersecretary of State at the Ministry of Environment HE Saut Yea said in the meeting that land ownerships would be granted only to […]
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362 Officials Assigned to Oversee Nationwide Implementation of Construction Law
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has appointed 362 officials to oversee the implementation of the construction law, including inspecting, monitoring, and investigating all construction developments nationwide. The special team, including those from the national and sub-national levels, were appointed following Prakas No 141 dated 04 September 2020. Their tasks are […]
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Evaluation and Immovable Service Businesses Must Obtain Certificate or License
By law, all businesses in Cambodia must be registered and pay taxes. Similarly, businesses providing evaluation services and immovable services also require a professional certificate or business license from the Ministry of Economic and Finance. An evaluation service conducts an appraisal to determine the value of an asset and its benefits located or attached to […]
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