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Starting my business in Cambodia

As it could be expected in a developing jurisdiction, the laws and regulations in Cambodia are less comprehensive than that in developed countries with strong and stable legal frameworks. However, there are continuous efforts to improve the legal system and establish a coherent set of laws and regulations.
 
The Cambodian Government actively encourages foreign direct investment and imposes very few legal restrictions on foreign investors. It offers numerous incentives and tax allowances to potential investors. Most sectors in Cambodia are open to 100% foreign direct investments, with the main exception being the foreign ownership of land for foreign investors (as highlighted further below).
 
The current legal system in Cambodia has become more or less a hybrid system, which tends to be a mix between Cambodian traditions, the French based legal system (which is an influence arising from French colonization), and the common law based jurisdictions, since foreign aid organizations and multilateral institutions often assist the government in drafting new laws.
 
With a fast and sustainable economic growth of 7% in 2015 (World Bank), combined with business friendly government policies, Cambodia offers an attractive land of opportunities for private investors as well as institutional investors wishing to conduct business in one of the most dynamic countries in the heart of Southeast Asia, a rapidly expanding region in the world economy. Furthermore, Cambodia became a member of the Association of Southeast Asian Nations (ASEAN) and was granted accession to the World Trade Organization in 2004, opening up the country’s economy to the global market place.