12 July 2017
Regulatory Environment in Cambodia
Cambodia is governed by a constitutional monarchy and the constitution, enacted in 1993, sets out the separation of power between the executive, a bicameral legislature and an independent judiciary.
- Executive – the Prime Minister is the Head of Government and a representative of the ruling party of the National Assembly, elected by universal suffrage for a five year term, with the last elections held in 2013. The Prime Minister appoints the Council of Ministers to form Cambodia’s executive branch of government.
- Legislature – consisting of the Senate and the National Assembly, which are responsible for making and amending laws. Senators are elected or appointed for six-year terms, while members of the National Assembly are elected for five-year terms.
- Judiciary – independent from the rest of Government and made up of the Supreme Council of the Magistracy and lower courts. The judiciary is responsible for settling disputes over rights that are legally demandable and enforceable.
The main legislative frameworks relevant for Hong Kong companies setting up in Cambodia are:
- Law on Investment (1994) – governing all investments projects made by Cambodian and or foreigner investors, with amendments made in 2003.
- Law on Commercial Enterprises (2005) – governing partnerships and companies carrying on business in Cambodia.
- The laws on intellectual property rights are documented as follows:
- Law on Foreign Exchange (1997) – governed the management of foreign exchange which is overseen by the National Bank of Cambodia (NBC).
- Regulatory Environment
- Establishing a Presence
- Intellectual Property Protection
- Staff Recruitment
- Tax Considerations
- Import/Export Procedures
- Further information