For starters, the law in Cambodia is civil law law. You will want to get some local advice as to how to best structure a company in Cambodia. Electronic signatures are permitted.
The abbreviation KH is for Cambodia and the most common company structure in Cambodia is a LLC.
The average time to incorporate is 8 weeks to put together the paperwork and file a LLC in KH. The types of currencies you can use to capitalize your legal entity is frequently any legal tender.
Yes, one is allowed to re-domicile a LLC from KH. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least This means it is not possible for you to own a LLC in Cambodia as a sole shareholder. You must have other shareholders, they can be nominees or de facto shareholders. Corporate Shareholders are permitted, which means you can have a legal entity as a shareholder. Foreign ownership is encouraged, up to 100% of the total shareholding.
A company is only required to have one director. Speaking of shareholders, corporate directors are not permitted. Directors are disclosed publicly. There is a body of law which requires companies to hold an annual meetings of shareholders.
A registered office is a requirement, whom the company will pay yearly, for an address which can receive any lawsuit papers on behalf of the registered legal entity. However, a company secretary is not always necessary, at least not by law.
There is a requirement to file accounts to relevant authorities. On that note, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Cambodia Civil law is 1,000,000.
A corporate director is not permitted, meaning this country is not a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Cambodia, Ministry of Commerce. Shareholders are not disclosed in the Ministry of Commerce.
Typically companies take 8 weeks to setup and there are 1 director(s) required and 2 shareholder(s) required at the time of incorporation.
Overall we think Cambodia is a ok option and have given it a score of 49 as an IO score, using the Incorporations.IO proprietary formula.
8 weeksto form