The way to register a business in Cambodia is simply straightforward, you just need to follow the guideline of the Ministry of Commerce through the legal procedure. Registration for business now, you can conduct through the online system, which makes it easy to do. However, the Moc gives you only 15 days to complete the application, otherwise, your documents will be eliminated from the system and you need to restart all over.
Before you decide to conduct registration, you must consider the type of business to run. There are several kinds of business out there in Cambodia, including sole proprietorship, private limited company, public limited company, a foreign company, or partnerships.
All of which require registration differently, so it’s worth understanding the procedure. In this article, you will understand the process of registration for each of those.
A. Sole Proprietorship (sole trader)
The type of enterprise, that business entity owned and run by only one person without legal distinction between owner and business.
Step 2: Filling general information, address and contacts information, and owner information.
B. Private Limited Company/ Public Limited Company/Foreign Company
All type of business is different from each other:
- Public Limited Company refers to a company that opens publicly sell shares on the stock market.
- Private Limited Company refers to companies that do not sell shares on the stock market and it limited the shareholders to the only maximum of 50 people.
Step 2: Filling general information, address and contacts information, director information, and share and shareholders information.
It’s a kind of business that is owned and operated by several individuals.
Step 2: Filling general information, address and contacts information, partner information, and manager information.
According to this process, registration is quite simple for entrepreneurs and business people to register. I hope this information will help people who would like to run a business understand this simple procedure.