The country’s strategic location in the heart of ASEAN along with a coastline providing easy regional accessibility makes it an attractive investment destination
I. Introduction
Indian investment in Cambodia, Laos, Myanmar and Vietnam (“CLMV”) was US$131.5 million in 2017-18 and India’s total trade with CLMV countries grew from US$3.4 billion in 2008 to US$ 14.5 billion in 2017. Southeast Asia is one of the world’s most promising regions and the CLMV nations are especially gaining growing interest. Among CLMV, Cambodia is developing as a major hub and invites some comparisons to Singapore for its liberal policies on taxation and foreign ownership.
Cambodia is actively promoting foreign investment and offering numerous incentives and tax considerations to qualified investors. The country’s GDP is expected to grow at a rate of 7.3% for 2018. The expected GDP growth is spurred by development in various sectors, including the newly emerging sectors of retail, technology, e-commerce, and large scale infrastructure projects. The country’s strategic location in the heart of ASEAN between Vietnam, Thailand and Laos along with a coastline providing easy regional accessibility makes it an attractive investment destination. Treating foreign investors and local investors equally provides access to ASEAN’s 600 million strong consumer market. In this article, we have briefly elaborated the key sectors for investment and highlighted the process for formation of companies and related tax incentives.
II. Company Formation
This story is from the February 2019 edition of Legal Era.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 2019 edition of Legal Era.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
If You Think Positive Covid Is A Big Opportunity
Senior Vice President and Head of Legal, ESSAR CAPITAL, Badrinath Durvasula, holds forth on his professional journey, the essence of leadership, working from home, books and more…
PROJECT DEVELOPMENT
JOINT VENTURE TRANSACTIONS
NEW ARBITRATION RULES
PUBLISHED BY THE LONDON COURT OF INTERNATIONAL ARBITRATION (LCIA) AND INTERNATIONAL CHAMBER OF COMMERCE (ICC)
M&A in the time of COVID and beyond
What is clear for those engaging in cross-border M&A is that countries around the world are becoming increasingly protective of their economies and industries, with new rules being introduced and existing rules being more widely applied
SWITZERLAND A DIFFERENTIATED APPROACH TO FRAUD
Swiss law interprets the offense of fraud in a special way where in addition to the characteristics of deception and damage as known in many jurisdictions, a qualified lie, i.e. a malicious approach, is required
JOINT VENTURE DISPUTES MEDIATING
Mediation has shown itself to be a powerful tool for bringing a speedy and effective end to crossborder disputes while preserving the commercial relationship between them.
Recognition of HONG KONG INSOLVENCY PROCEEDINGS IN MAINLAND CHINA
A TEST CASE IN THE MAKING?
CONFIDENTIALITY IN ARBITRATION: RECENT DEVELOPMENTS IN SINGAPORE
Two recent developments in Singapore case law and legislation reflect a willingness to preserve confidentiality related obligations in all arbitrations
ESSENTIAL GOODS SERVICES UNDER IBC
WHAT DOES IT ESSENTIALLY MEAN?
A BIDEN ADMINISTRATION'S NEW VISION FOR THE AMERICAN WORKPLACE
A LOOK AT THE KEY CHANGES PRESIDENT-ELECT BIDEN IS LIKELY TO MAKE ONCE HE TAKES OFFICE
