Cambodia support services

Cambodia employment visas

Cambodia business visas - company formation support servicesAfter Cambodia company formation, foreigners can be eligible for work in Cambodia but need to apply for a visa for such purpose. Healy Consultants will prepare the visa application on behalf of our Clients and submit them to the Cambodian embassy. Different applicable visa options are as follows:

Entrepreneur visa

  • Entrepreneurs initially will apply for an Ordinary Visa to form a business in Cambodia. This visa is valid for 30 days, but can be extended indefinitely;
  • Entrepreneurs can apply for an extension of more than 3 months and convert their ordinary visa into a Multiple Entry Visa;
  • Documents required will be i) receipt for paid visa fee ii) completed application form iii) valid passport iv) one recent passport sized photograph and v) supporting business documentation such as local business sponsor letter or business license or evidence of previous business activity;

Employment visa

  • Employees will apply for an Ordinary Visa in order to enter Cambodia for work. This visa can later be converted into a Multiple Entry Visa which is valid indefinitely;
  • Documents required will be i) receipt for paid visa fee ii) completed application form iii) valid passport iv) one recent passport sized photograph and v) sponsorship letter from the employer and vi) employment letter;

Business and tourism visa

  • This short-term visa is valid for 30 days and cannot be extended;
  • Documents required will be i) receipt for paid visa fee ii) completed application form iii) valid passport iv) one recent passport sized photograph (4×6 cm) v) return or onward ticket and vi) proof of sufficient funds for the stay.

Cambodia corporate banking options

    Cambodia corporate bank accounts - business formation support services

  • Healy Consultants will be pleased to open a Cambodia corporate bank account as part of our Cambodia business formation services. Our Client will not have to travel for this engagement. It is a time consuming task, Healy Consultants will shelter our Client from the administrative challenges. As you can appreciate, it is a difficult task to obtain a Cambodia bank account approval through a newly formed company, when shareholders and directors and bank signatories reside overseas. Healy Consultants will prepare a business plan for the bank to optimize the probability of corporate bank account approval. Our fee for this service is US$3,950;
  • If our Client is uncomfortable with keeping the earnings of his subsidiary in Cambodia, Healy Consultants may also assist to open an additional international corporate bank account with a top tier bank, outside of Cambodia. Examples include London, New York, Germany, France, South Africa, Singapore, Australia, or Dubai. It is a time consuming task and our fee for this service is US$3,950 without travel or US$2,550 with travel. All banks will be top tier banks in these countries with excellent internet banking services;
  • ANZ

  • Healy Consultants Bank Account Opening Team prepares all documents to assist our Clients in the process. Then, our representative will deposit these documents at the bank;
  • Our Client deposits the minimum paid up share capital applicable to their company structure and provides us with the bank statement and certificate of deposit, to be presented to the notary;
  • There is a 50% probability the banks will request a bank signatory to travel for a one hour bank interview. Healy Consultants will try its best to negotiate with the bank for a travel exemption. There will be a fee discount of US$500 if you have to travel;
  • The Cambodia banks enjoy ultimate power of approval of corporate bank account applications. Consequently, guaranteed success is outside of Healy Consultants control. What is inside our control is the preparation and submission of a high quality bank application that maximizes the likelihood of approval. To date, we enjoy a 100% approval record;
  • BOC

  • Healy Consultants recommends international banks for most corporate bank account solutions, however local banks can also be used wherever necessary;
International banks in CambodiaLocal banks in Cambodia
ANZ Royal Bank in CambodiaAcleda bank Plc.
BOC in CambodiaCanadia bank Plc
Cathay United Bank (CUBC)Foreign Trade Bank (FTB)

    FTB

  • Our experts successfully assist our Clients in accessing trade finance facilities in Cambodia. Our services include i) bank guarantees ii) letters of credit iii) finance against trust receipt and iv) document against payment and against acceptance;
  • Healy Consultants assists our Clients secure corporate finance in Cambodia. Our services include i) loans ii) overdrafts and iii) preferential credit terms;
  • acleda

  • The corporate bank facilities in Cambodia are stable according to Economist Intelligence Unit. These include internet and telephone banking, multicurrency services, checking accounts, savings accounts, debit and credit cards with moderate daily limits on cash withdrawal at ATMs worldwide, fixed term deposits and more;
  • There are no foreign exchange controls in Cambodia. Resident and non-resident companies and individuals can hold bank accounts in any currency.

Contact us

For additional information on our company formation services in Cambodia, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon