“Special Investment Promotion Program in Sihanoukville 2024”

“Special Program to Promote Investment in Sihanoukville 2024” is another new practical step of the Royal Government in economic development in Sihanoukville.

To reduce logistics costs and rehabilitating the construction sector in Sihanoukville will help with investment and problems in other areas.

In order to solve the problem in Sihanoukville effectively, a national assistance mechanism must be used and that Sihanoukville has many areas to promote.

Cambodia is considering creating a special economic zone for investors and that Cambodia needs to develop appropriate investment policies and conditions and be flexible to the wishes of investors.

The Summarized Points of the Special Investment Promotion Program in Sihanoukville 2024

1. The investment project related to the unfinished buildings in Sihanoukville will receive the following benefits:

• Exemption from income tax, income tax exemption and minimum tax for an additional 3 years;
• Exemption from value added tax at the rate of zero percent for the completion and improvement of stagnant buildings;
• 5-year withholding tax exemption on real estate lease;
• Exemption of property tax and exemption of administrative sanctions from 2016 to 2025;
• Exemption from payment of public services and fees in excess of the land use index for construction-related permits;
• Facilitating the procedures and procedures for applying for a permit from the competent authority related to construction work;
• Providing concessions on inspection fees and other certifications related to construction;
• Facilitate investment and business procedures and procedures, including applying for licenses, certificates and permits;
• Establishing policies and facilitation, establishing a real estate market, as well as providing investor matching services, including reference pricing for real estate in Sihanoukville;
• Promoting the use of out-of-court dispute resolution mechanisms in accordance with legal provisions for investment-related disputes.

2. The investment projects that are not related to the unfinished buildings will receive the following benefits:

• Providing special incentives and incentives such as import tax, patent tax, billboard tax, withholding tax on real estate rental and registration fee, etc. to enterprises that come to invest or do business in Sihanoukville. ;
• Incentives for income tax exemption, income tax exemption and minimum tax exemption for an additional three years for qualified investment projects and tax-registered small and medium enterprises;
• Authorization to apply zero percent value added tax for small and medium enterprises registered for tax purchase of locally produced inputs.
• Facilitate investment and business procedures and procedures, including applying for licenses, certificates and permits;
• Provides a special 3-year visa for the long-term purchase or lease of real estate in Sihanoukville worth over US $ 100,000. This type of special visa shall be determined by a separate sub-decree.
• Accelerate customs inspections, adjust and provide good services to tourists and investors on arrival, arrival and return. Organize the campaign “Safe city and, educational programs to restore the reputation of the province -Sihanoukville, especially among foreigners and the Chinese

3. The expansion of investment and business projects and will receive the following benefits:

• Providing incentives and incentives such as import tax, patent tax, billboard tax and withholding tax on real estate lease, etc. to enterprises carrying out projects or activities to expand investment and / or business;
• Permission to take 150% multiplied by the income to be received, income tax exemption as a basis for calculating income tax;
• Three-year income tax exemption incentive based on the ratio of the capital expansion rate and the allowance of 150% multiplied by the income to be received;
• Facilitate procedures, procedures and permits for the implementation of projects or activities to expand investment and / or business;