1. US-dollar Based Economy
2. NO Restrictions for Overseas Remittance
3. Very Few Restrictions for foreign incorporated
+ Common Merits among South-East Asia ; high economic growth rate, low labor cost, public peace and etc…
Cambodia has a good environment for investment and business as an sole country on US-dollar basis in South-East Asia and companies and individuals can collect funds with low interest as well as control the exchange risk. We expect this US-dollar-based economy will continue for the foreseeable future because it has a bunch of very real problems to replace it to local currencies. It is easy to remit money to most of overseas in addition to the merits that we can set up a 100%-foreign company except some exceptions and that there are few restrictions in foreign investment like Singapore. Furthermore, the fact which it has continued more than 7% economic growth for years and low labor costs are accelerating the expansion of foreign businesses to Cambodia.
Comparison of the merits to set up a company in each country:
|Country||Regulated Industries||Money Transfer Regulation||Currency||Merit of this country||Risk of this country|
|Indonesia||✕||△||Local||Low wage||Opaque legal system|
|Myanmar||✕||✕||Local||Low wage||Infrastructure, Political Instability|
Data showing economic growth rate
The average of economic growth rate from 1993 (the end of civil war) till 2013 is 7.73 %. The average for recent four years (from 2010 till 2013) is 7.00 %.
The World Bank "Economic Growth Rate"http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?cid=GPD_30
The World Bank "Data of Cambodia"http://data.worldbank.org/country/cambodia