Cambodia free zones in 2023
The Cambodia Government operates four Special Economic Zones (SEZ), namely i) Phnom Penh special economic zone ii) Sihanoukville special economic zone iii) Manhattan special economic zone and iv) Tai Seng Bavet special economic zone. These Cambodia economic zones offer multiple benefits including i) 100% corporate tax exemption for up to 9 years ii) 100% VAT exemption iii) import/export duty exemption and iv) free repatriation of profits.
| Summary at a Glance | Phnom Penh | Sihanoukville | Manhattan | Tai Seng Bavet |
|---|---|---|---|---|
| Average annual Industrial space rent per 1000 sq. m. | US$30,000 | US$21,000 | US$25,000 | US$23,000 |
| FTZs used mostly by which industry? | Garments | Sporting Goods | Textiles | Textiles |
| How long to set the company up? | 2-3 months | 2-3 months | 2-3 months | 2-3 months |
| How long to open company bank account? | 4-5 weeks | 4-5 weeks | 4-5 weeks | 4-5 weeks |
| Quality of Utilities | Very good | Fair | Good | Good |
| Allowed to sign sales contracts with Cambodian Clients? | Yes | Yes | Yes | Yes |
| Allowed to invoice Cambodian Clients? | Yes | Yes | Yes | Yes |
| Corporate tax payable in Cambodia | Dependent on activity | Dependent on activity | Dependent on activity | Dependent on activity |
| Corporate bank account | Acleda bank | Cathay United Bank (CUBC) | BOC in Cambodia | ANZ Royal Bank in Cambodia |
| Physical office space required | Yes | Yes | Yes | Yes |
| Industrial space availability | Limited | Many | Many | Limited |
| Allowed to import raw materials? | Yes | Yes | Yes | Yes |
| Allowed to export goods? | Yes | Yes | Yes | Yes |
| Wholly foreign owned | Yes | Yes | Yes | Yes |
| Can the entity hire expatriate staff in Cambodia? | Yes | Yes | Yes | Yes |
| Do you visit Cambodia for company incorporation? | No | No | No | No |
| Minimum number of directors | 1 | 1 | 1 | 1 |
| Minimum number of shareholders | 2 | 2 | 2 | 2 |
| Tax registration certificate required | Yes | Yes | Yes | Yes |
| Individual shareholders allowed | Yes | Yes | Yes | Yes |
| Corporate shareholders allowed | Yes | Yes | Yes | Yes |
| Corporate director(s) allowed | No | Yes | Yes | Yes |
| Public register of shareholders and directors | Yes | Yes | Yes | Yes |
| LLC company allowed | Yes | Yes | Yes | Yes |
| Can apply for immigration visas | Yes | Yes | Yes | Yes |
| Official website | Here | Here | Here | Here |
| Annual audited financial statements | Yes | Yes | Yes | Yes |
