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Cambodia
Cambodia Geography, Culture, and Economy
Cambodia is a South East Asian country surrounded by the Gulf of Thailand, Vietnam, Laos, and Thailand. It has natural resources in hydropower, minerals and fertile land. Cambodia is a kingdom with a parliamentary constitutional monarchy. Most Cambodians (about 96.6%) speak Khmer, which is the official language and practice Buddhism. Cambodia experienced a steady average economic growth of 7 percent since 2012, with a real GDP growth rate reaching 6.9% in 2017. This growth was influenced by construction activity, high public spending and a boost in tourism.
Cambodia still largely depends on international aid from countries such as China. Services comprise the largest share of GDP at 43.5 percent. Tourism, specifically gambling and betting services, include the largest share, followed by the industry sector at 32.8 percent. This includes tourism, the garment industry, construction and rice milling, among many others. Agriculture represents the remaining 25.3 percent, producing rice, rubber, and corn, vegetables and cashews.
| 2021 | |
| April 14 | Khmer New Year Day (Day 1) |
| April 15 | Khmer New Year Day (Day 2) |
| April 16 | Khmer New Year Day (Day 3) |
| April 26 | Visak Bochea Day |
| April 30 | Royal Plowing Ceremony |
| May 1 | Labour Day |
| May 14 | King’s Birthday |
| September 24 | Constitutional Day |
| October 5 | Pchum Ben Festival |
| October 6 | Pchum Ben Festival |
| October 7 | Pchum Ben Festival |
| October 15 | Commemoration Day of King’s Father |
| October 29 | King’s Coronation Day |
| November 9 | Independence Day |
| November 18 | Water Festival Ceremony (Day 1) |
| November 19 | Water Festival Ceremony (Day 2) |
| November 20 | Water Festival Ceremony (Day 3) |
- SP (Sole Proprietorship)
- GP (General Partnership)
- LP (Limited Partnership)
- SM Pte Ltd. (Single Member Private Limited Company)
- Pte Ltd. (Private Limited Company)
- Plc Ltd. (Public Limited Company)
- PEEC (Public Establishment with Economic characteristics)
State Company - State Joint Venture Company
- Import Export Co., Ltd
- Corporate Tax: 20%
- Income Tax (Lowest Marginal Rate): 0%
- Income Tax (Highest Marginal Rate): 20%
- VAT/GST/Sales Tax: 10%
- AGRIBANK CAMPUCHIA BRANCH (AGRIBANK) (Commercial Bank)
- Bank for Investment and Development of Cambodia Plc (BIDC) (Commercial Bank)
- Booyoung Khmer Bank (BKB) (Commercial Bank)
- Cambodia Asia Bank Ltd (CAB) (Commercial Bank)
- CIMB Bank PLC (CIMB) (Commercial Bank)
- Cambodia Mekong Bank Public Ltd (CMB) (Commercial Bank)
- Cambodian Commercial Bank (CCB) (Commercial Bank)
- Cambodian Public Bank (Campu Bank) (Commercial Bank)
- Union Commercial Bank PLC (UCB) (Commercial Bank)
- First Commercial Bank Phnom Penh Branch (FCB) (Commercial Bank)
- Foreign Trade Bank of Cambodia (FTB) (Commercial Bank)
- HwangDBS Commercial Bank PLC (HDBSCB) (Commercial Bank)
- Kookmin Bank Cambodia PLC (KBC) (Commercial Bank)
- Krung Thai Bank PLC, Phnom Penh Branch (KTB) (Commercial Bank)
- Vattanac Bank Ltd (VBL) (Commercial Bank)
- Maybank Phnom Penh Branch (Maybank) (Commercial Bank)
- OSK Indochina Bank (OSKIBL) (Commercial Bank)
- Phnom Penh Commercial Bank (PPCB) (Commercial Bank)
- Saigon Thuong Tin Commercial Joint Stock Bank (Sacom Bank) (Commercial Bank)
- Shinhan Khmer Bank (SKB) (Commercial Bank)
- Advanced Bank of Asia Ltd (ABA) (Foreign Bank)
- Australia and New Zealand Royal Bank ( Cambodia ) Ltd (ANZ Royal Bank) (Foreign Bank)
- Bank of China Limited Phnom Penh Branch (BOC) (Foreign Bank)
- Bank of India Phnom Penh Branch (BOI) (Foreign Bank)
- Canadia Bank PLC (CNB) (Foreign Bank)
- Krung Thai Bank PLC, Phnom Penh Branch (KTB) (Foreign Bank)
- Maruhan Japan Bank (MJB) (Foreign Bank)
- Maybank Phnom Penh Branch (Maybank) (Foreign Bank)
- Singapore Banking Corporation Ltd (SBC) (Foreign Bank)
Aadmi can support you with your expansion to Cambodia. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.
