Cambodia Company Set up Lawyers

Cambodia Company Registration & Set up Lawyers
The Khmer Legal team specializes in international corporate law and has established itself as a leader in its field. Foreign and Cambodian investors wanting to do business in Cambodia turn to Khmer Legal to handle the complexities of Cambodian company formation trust our legal team to handle all the details of company formation, leaving them free to focus on what they do best.
Cambodia has become an attractive destination for foreign investors due to its welcoming policies towards 100% foreign ownership of companies.
Foreign ownership laws in Cambodia have evolved significantly over the past few decades. Initially, strict regulations limited the extent of foreign participation in the economy. However, the Cambodian government recognized the potential economic benefits of foreign investment and gradually relaxed these restrictions. Key legislative changes, such as the Law on Investment of the Kingdom of Cambodia, have paved the way for greater foreign participation.
Today, Cambodia’s legal framework is highly conducive to foreign investment. The Ministry of Commerce (MoC) and the Council for the Development of Cambodia (CDC) play pivotal roles in regulating and facilitating foreign business operations. The current laws allow for 100% foreign ownership in most sectors, providing a clear and straightforward process for setting up a foreign-owned enterprise.
One of the first steps and investor will take is setting up either a limited liability company or a representative office, and deciding the proper structure of their investment. In general, these actions can be routine matters, but in the absence of a commercial code, changes in procedure and requirements occur on a regular basis, and investors can greatly benefit from a firm such as Khmer Legal that has a long experience in setting up companies. Since government policy can and does evolve over time, a sound working relationship with officials at all levels is necessary in order to make sure that the legal entity suits particular needs of the client.
Joint Ventures
Frequently, foreign investors desire local partners. Most likely the local partners will be Cambodian businesses, and on occasion it may be the Royal Government itself. Apart from identifying the right local partner, the negotiating and drafting of joint venture agreements are critical if the enterprise is to be successful. Khmer Legal can help by bridging cultural gaps that may exist between the partners and crafting an agreement that serve the interests of both parties.
Contracts
Contracts remain a critical instrument in order to detail the intention of the parties and their duties and responsibilities. Contracts are even more important when there are potential economic, social and cultural differences between the parties, and a poorly drafted contract can lead to misunderstandings. And the translation of contracts into the local language frequently is a requirement of local authorities. Khmer Legal stands ready to help make the meaning of the terms and conditions clear to local parties and officials alike.