The establishment of the Online Business Registration System has significantly improved the efficiency of the business registration process in Cambodia. As of May 5, a total of 35,829 businesses with US$10.22 billion in capital have been registered through this platform.
This system has reduced procedures, time, and costs involved in business registration, making it easier for entrepreneurs to start and operate their businesses.
Starting a business in Cambodia is a relatively straightforward process, especially with the advent of online registration. This guide will walk you through the steps of registering your business online with the Ministry of Commerce (MoC).
Why Register Your Business?
To operate legally in Cambodia, it’s mandatory to register your business with the Ministry of Commerce (MoC). This process ensures compliance with local regulations and provides your business with a legal identity.
Online Registration Process
The MoC has streamlined the registration process, making it primarily online. You can now reserve a business name and complete the registration process entirely through their digital platform.
Types of Businesses and Registration Requirements
1. Sole Proprietorship
Steps:
Log in to the MoC’s online portal.
Select “Sole Proprietorships” and then “Incorporate a Sole Proprietorship.”
Provide general information, addresses, and contact details, as well as the owner’s information.
Documents:
Identity proof of the owner.
Proof of address.
2. Private Limited Company, Public Limited Company, or Foreign Company
Steps:
Log in to the MoC’s online portal.
Select “Companies” and choose the appropriate option (Private Limited Company, Public Limited Company, or Foreign Company).
Provide general information, addresses, contact details, director information, share and shareholder details.
Documents:
Identity proofs of directors and shareholders.
Proof of address.
Articles of Association.
Memorandum of Association.
3. Partnerships (General Partnership or Limited Partnership)
Steps:
Log in to the MoC’s online portal.
Select “Partnerships” and choose the appropriate option (General Partnership or Limited Partnership).
Provide general information, addresses, contact details, partner information, and manager information.
Documents:
Identity proofs of partners and managers.
Proof of address.
Partnership agreement.
Important Considerations
Time Limit: You have 15 days to complete the registration process after initiating it. Failure to do so may result in the application being removed from the system.
Fees: There are associated fees for registering a business. These fees vary depending on the type of business and other factors.
Supporting Documents: Ensure that all required documents are accurate, complete, and up-to-date.
Registering a business online in Cambodia is a convenient and efficient process. By following these steps and providing the necessary information, you can establish your business legally and start operating in the Cambodian market. The online registration system offers a streamlined approach, saving time and effort for entrepreneurs.
Link to Registering Online a Business in Cambodia: https://www.businessregistration.moc.gov.kh/