One of the world’s
top alliances
Audit
Tax
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Consulting
Africa | Asia | Australasia | Europe | Latin America | Middle East & North Africa | North America | UK & Ireland
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Established: 2006
Member of KICPAA: Feb 2010
Member of MGI Worldwide: Jan 2015
Mission:
To provide professional services on Accounting, Audit, Tax, Corporate
and Commercial, and M&A to all segments of SMEs, NGOs, MFIs, Bank,
and Public Sectors in meeting and exceeding their full potential, and
helping them to make changes in areas they have identified as important.
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Service Line:
- Audit and Assurance
- Tax
- Accounting
- Corporate and Commercial
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Board of Director
ExCom Committee &
QC Committee
Audit Partner
MS. MAITA
Managing Partner
MR. VEASNA
Audit Partner
MR. Francis
TBD
Operation Division
TBD, Head
Acc. & Admin Officer
Admin Messenger
Tax & Acc. Division
TBD, Head
Audit Division
VBT, Head
Manager, Tax & Acc.
Mr. Kim San
Manager, Audit
TBD
Sr. Officer
Team Leader/
Officers
•4 Partners (3 CPAs and 1 Non-CPAs)
•20 Income Generating Staff
•2 Others
Sr. Officer
Team Leader/
Officers
Senior Officer,
Team Leader/
Auditors
Senior Officer
Team Leader/
Auditors
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Clients Status
Number: 120
Industry:
Technology and Telecom, Agriculture, Production, Service, Donor
Funded Project, Trade, Tourism, Micro-finance and Mining.
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Cambodia Office
Mr. Chann Veasna, Partner
C: +855(0) 78 666 001 | T: +855(0) 23 210 918 | Skype: apv-veasna
E: cveasna@apvcambodia.com
or info@apvcambodia.com W: www.apvcambodia.com
Phnom Penh Centre, Building A, 3rd floor, Room 324, Corner of Sihanouk
(274) & Sothearos Blvd (3), Phnom Penh Capital, Kingdom of Cambodia.
Investment Environment and Opportunities
in Cambodia
Presented by
Chann Veasna
Partner, APV
Key Indicators
 Land area : 181,035 sq.km.
 Population: 15 Million
 Labor force (young) : 7,053,398
(Female: 3,608,345)
 Population growth rate : 1.54%
 GDP Growth (2013e) : 7.3%
 GDP per capita (2013e) : $1,080
 Inflation (2013e) : 4%
 Exchange rate: USD 1= 4,000 Riels
Economic Performance
14%
25.00%
Average growth for last 5 years is 5.6%
12%
20.00%
10%
15.00%
8%
10.00%
6%
5.00%
4%
z
0.00%
2%
0%
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
2013
e
-5.00%
GDP
9.20 6.50 5.30 5.70 5.00 12.6 9.20 7.70 6.20 8.60 10.0 13.3 10.8 10.2 6.70 0.10 5.90 7.10 7.30 7.30
Inflation 17.9 3.50 10% 9.20 13.3 4.00 -0.8 0.20 3.30 1.20 3.90 5.80 4.70 5.9% 19.7 -0.6 4.00 4.90 3.00 4.00
GDP per capita
Source: SNEC & MEF
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013e
402
468
534
623
738
731
830
909
990
1,080
 Information & Application
 Approval
 Customs Duty & Tax Exemption
 Visa & Work Permit
 Company Registration
A ONE STOP SERVICE
Licensing Authorities
 Council of Ministers : CDC but needs approval from
CoM for project with investment capital exceeding $ 50
million, BOT, BOOT, BOO or BLT, long-term strategy,
sensitive projects: negative impact on the environment
and natural resource exploitation
 CDC : less than $ 50 million
 Provincial Authorities : less than $ 2 million
Investment Approval
Investment application
CDC issues a Conditional Registration Certificate to the Applicant

Company Registration / Ministry of Commerce

Relevant licenses, as appropriate / Ministry of Industry and Energy

Review and approval of construction plan / local authorities-

Ministry of Land Management, Urban Planning and Construction.

Initial environmental impact assessment / Ministry of Environment

Tax Department Registration / Ministry of Economy and Finance
CDC issues a Final Registration Certificate to the Applicant
3 working days
28 working
days
Investment Incentives
 20% Corporate Tax
 Tax holidays: Trigger period +3years+n; 6y <TH<9y
 Full Import Duty Exemption
 Special Depreciation (Reinvestment of Earning)
Investment Protection
The Investment Law and Sub-decree contains a number of
important guarantees for the investors:
 Equal treatment of all investors (foreigners = nationals )
 No requirement of local equity participation
 No price controls on products or services
 No restriction on forex convertibility
 Free remittance of foreign currencies abroad
Encouraged Investment Activities
 Agriculture and agro-industry
 Transport and telecommunications
 Energy and electricity
 Labor-intensive industries, processing and
manufacturing;
 Tourism
 Human resource development
 Oil & Gas, Mining
Approved Investments by Country/Region
(Outside SEZs 1994-2013)
US$ Million
10,000
9,611
9,000
8,000
7,000
6,000
4,405
5,000
3,649
4,000
899
870
786
HongKong
Singapore
1,524 1,294
1,021
2,000
Thailand
2,620
3,000
1,000
391
Japan
Taiwan
USA
Vietnam
Malaysia
EU
Korea
China
-
Approved Investments by Sector
1994 –2013
Agriculture
10%
Industry
29%
Service
17%
Tourism
44%
Investments in Cambodia 2008-2013
2008
2009
2010
2011
2012
2013
$11,420,127183
$6,309,435,594
$3,029,497,634
$7,984,908,645
$2,965,537,652
$3,314,528,763
Rank
1
2
3
4
5
6
7
8
9
10
11
Country
%
China
39.45
Cambodia
Korea
USA
Israel
Russia
U.K
Austria
Vietnam
France
Others
36.73
10.89
5.59
2.63
0.92
0.59
0.54
0.51
Country
Cambodia
China
Vietnam
Singapore
Russia
Thailand
Korea
India
Malaysia
0.50 Japan
1.28 Others
%
Country
60.81
Korea
14.93
5.58
4.81
3.84
3.53
2.89
1.90
1.19
China
Cambodia
Malaysia
Vietnam
Portugal
Australia
Singapore
Denmark
0.20 Japan
0.32 Others
%
35.10
28.73
14.91
8.53
5.23
1.66
1.65
1.02
0.97
0.86
Country
U.K
Cambodia
China
Vietnam
Malaysia
Korea
U.S.A
%
Country
%
30.93
Cambodia
42.08 Cambodia
29.76
22.05
8.65
3.03
2.10
1.78
Japan
0.83
Australia
0.31
Singapore
1.35 Others
China
Korea
Country
20.69 China
9.89 Vietnam
Japan
9.15 Thailand
Malaysia
6.04 Korea
Thailand
Vietnam
Singapore
U.K
0.20 U.S.A
0.35 Others
4.53
Japan
2.89 Malaysia
2.59 Singapore
0.51 UK
0.42
France
1.21 Others
%
68.80
15.68
6.10
4.37
1.76
1.59
1.04
1.03
0.43
0.27
0.96
Tourism Center
150 km
Poipet
Eco-Tourism
314km
Gulf of Thailand
230 km
Sihanoukville
Bokor (hill resort)
Beach & Island Resorts
Visitors to Cambodia
4,000
3,778
3584
Thousand (000)
3,500
2882
3,000
2500
2,500
2015 2125
2,000
1700
1421
1,500
1,000
177
500
2161
1055
220 260
219
289
368
466
604 701
0
Vision 2020: Visitor arrival from 2010 – 2020
YEAR
Visitor Arrivals
2010
2012
2015
2020
2,508,289
3,584,307
5,100,000
7,000,000
Manufacturing & Export
 Competitive labor cost
 Tax incentives
 Market access
 Asean Economic Community 2015
Cambodia’s Special Economic Zones
Poipet O’Neang SEZ
Sanco Cambo Inv.
Group
Zhong Jiang SEZ
M D S Thmor Da SEZ
Kandal SEZ
Thary Kompong Cham
SEZ
Phnom Penh
SEZ
Koh Kong SEZ
Souy Chheng SEZ
Hi Park SEZ
Oknha Mong
SEZ
P (SEZ) I C
Shangdong Shunshell
Dragon King SEZ
H K T SEZ
Kiri Sakor Koh Kong
SEZ
GoldFame Pak
Shun SEZ
Sihanoukville SEZ1
No Activities
Sihanoukville SEZ2
Under Construction
Stung Hao SEZ
S.N.C SEZ
Kompong Som SEZ
Sihanoukville Port
SEZ
Kampot SEZ
Duong Chhiv SEZ
Operational
Reasons to invest in Cambodia
 Open economy
 Sound Macroeconomic Environment
 Competitive Investment Incentives
 One Stop Service – Fast-Track Investment Approval
Process (28 days)
 Low Labor Cost
 Strategic Location
 Preferential Trading Status
 Access to ASEAN and World Markets
Kunming
Myanmar
Southern China
Hanoi
Laos
Yangon
o Vientiane
Vietnam
Thailand
Manila
Bangkok
.
1h:30 in average
CAMBODIA
Phnom Penh
The Philippines
Brunei
Begawan
Kuala Lumpur
Malaysia
Singapore
Jakarta
Indonesia
Invest in Cambodia and
Invest in Cambodia and you
you
have
600
million
have
million consumers
Invest
in15Cambodia
and you
consumers
at
your
have 325 million consumers
doorstep
virtually at your doorstep
Thank you