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How to apply for Cambodia’s overseas investment registration

Let’s read a piece of news first:The National Development and Reform Commission has registered the Cambodia West Port Project of China Huadian Hong Kong Co., Ltd.,This marks that the project has been approved by the National Development and Reform Commission,Have conditions to start work。previously,The project also obtained the "Enterprise ODI Certificate" issued by the Ministry of Commerce,Get approval。

The Sihanoukville project is located in Sihanoukville Province, Cambodia,Design and build two 350,000-kilowatt supercritical coal-fired units,Invest and construct with Hong Kong company's own funds and bank loans,The project will also support the construction of an 8,000-ton coal berth and a 1.5-kilometer-long 230-kilovolt transmission line.,The project construction period is 36 months,Construction is expected to start soon。

Westport project from project initiation to group decision-making approval,Until the National Development and Reform Commission completes the review and filing process and completes all approvals,Lasted 10 months,Refreshed the short-term record for Hong Kong companies’ project acquisitions。Project in progress,Hong Kong companies’ investment environment for projects、Resource conditions、Full feasibility study and marginal analysis have been conducted on investment benefits, etc.,Strive for scientific decision-making to achieve the desired results。

This project is an important part of the Hong Kong company's comprehensive implementation of the group company's "536" strategy,Hong Kong companies stated that they will obtain registration as a starting point,Fully promote the preliminary work of the project,Strive to start construction as soon as possible。Cambodia is currently the country with the fastest economic growth in the world + GDP growth rate is about 7%)。In the impression of ordinary people,Cambodia is one of the poorest countries in the world。

Cambodia, which has just recovered from the war, is also the country with the fastest economic growth in the world+(GDP growth rate is around 7%)。And because of its unusual openness to foreign investment,,It has become a new investment hot spot.。So how to apply for an overseas investment registration permit when investing in Cambodia?

Documents required for Cambodia’s overseas investment filing ODI:

  1. Overseas company、Subsidiaries、office、Articles of Association of the Representative Office
  2. Full board resolution or investment resolution
  3. New audited financial statements
  4. Preparatory materials for overseas investment filing (including due diligence、Feasibility study report、Description of sources of investment funds、Investment environment analysis and evaluation, etc.)
  5. Commitment Letter on Authenticity of Overseas Investment Registration。

Overseas investment filing and declaration process

  1. National Development and Reform Commission project approval—apply to the development and reform department and committee departments for projects,Submit project information,Domestic investors sign all required legal documents,Pending approval or filing by the development and reform department,Issuing approval documents or filing notices。
  2. Ministry of Commerce approval and issuance of license - Commerce department approval or filing,Issue "Enterprise ODI Certificate",Enterprises should invest overseas within 2 years of receiving the certificate。
  3. Registration with the Administration of Foreign Exchange - Banks release foreign exchange,Supervision by the State Administration of Foreign Exchange。Investment amount of more than 5 million US dollars,Need to report to foreign affairs department。After review by the foreign affairs department,Issue "Foreign Exchange Registration Certificate for Overseas Direct Investment" to domestic enterprises。Related products:How to apply for Cambodia’s overseas investment registration

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