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PM: Cambodia’s unique program to promote investment in Preah Sihanouk Province 2024 offers unique benefits to investors

Jun 20th at 10:00
20-06-2024 10:00:35+07:00

PM: Cambodia’s unique program to promote investment in Preah Sihanouk Province 2024 offers unique benefits to investors

Cambodian Prime Minister Hun Manet stated that the Royal Government’s Special Program to Promote Investment in Preah Sihanouk Province 2024 offered unique benefits to investors beyond the Law on Investment.

 

The premier spoke on Wednesday during the Cambodia-Singapore Business Forum.

The premier added that Cambodia is also proactively redesigning special economic zones (SEZs) to accommodate the unique needs of industries, investors, and developers.

On that occasion, PM reiterated the unwavering commitment of the Royal Government of Cambodia to build a highly conducive environment for the success of both established and emerging enterprises in all aspects. The government has been actively implementing deep reforms to streamline regulations, simplify procedures for setting up businesses, and provide attractive tax incentives.

He underscored, “Our new Law on Investment offers enticing incentives including tax breaks of up to 15 years for numerous priority sectors, along with investment guarantee and protection with no discrimination between local and foreign investors and no restriction on remittance of profit and capital.”

The premier added that bilateral agreements with China (CCFTA), South Korea (CKFTA), and the United Arab Emirates (CEPA) further enhance Cambodia’s economic advantages. At the same time, membership in the World Trade Organization (WTO) solidifies its commitment to open trade and fair practices.

khmertimeskh

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