Innovative Technology Finance and Market Association 2024 Cambodia Implementation Strategy
1. Policy environment
Cambodia is a country with a constitutional monarchy and the political environment is generally stable. In recent years, the government has continued to promote reform and opening up, and the business environment has been continuously optimized.
Cambodia encourages foreign investment to enter and provides various preferential policies, such as tax exemption and free foreign exchange exchange.
2. Tax system
Cambodia implements a simple tax system, which mainly includes corporate income tax (20%), personal income tax (0-20%) and value-added tax (10%).
The government has also launched some tax incentives for special industries, such as corporate income tax reduction and exemption for manufacturing industries.
3. Economic Overview
Cambodia's GDP has maintained a rapid growth of more than 7% in recent years, with the main driving forces coming from the manufacturing, tourism and construction industries.
The demographic dividend is obvious, the labor force is sufficient and the cost is low, making it an important production base in the region.
4. Business environment
Cambodia’s business environment continues to improve, and its ranking in the World Bank’s Doing Business Report continues to rise.
Infrastructure construction such as roads and ports are constantly improving to provide good support for corporate operations.
5. Investment opportunities
Cambodia is an emerging market in Southeast Asia with broad development prospects. There are many investment opportunities especially in manufacturing, infrastructure, real estate and other fields.
The government vigorously attracts foreign investment and provides preferential policies in taxation, land and other aspects.
To sum up, Cambodia is undoubtedly an investment hotspot worthy of attention.
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