CDC to decentralize investment registration process

CDC to decentralize investment registration process

The Council for the Development of Cambodia (CDC) is working on the decentralization of the investment project registration process to the sub-national level to enhance a smoother and more efficient investment environment.

CDC held a meeting to the effect on Friday with working groups from the Ministry of Interior on reviewing the connection of data sharing systems and procedures for registering investment projects at the sub-national level through its Investment Project Management System (cdcIPM).

The meeting focused on ensuring the resilience and sustainability of the establishment of a coherent and consistent mechanism for the flow of work from the national to sub-national levels around the management of registration and monitoring of investment project implementation.

Under this pilot project, CDC will empower the Capital-Provincial Investment Sub-Committees to register investment projects at the provincial level, reducing bureaucratic hurdles and accelerating the implementation of vital projects.

CDC and the sub-national level, through the Capital and Provincial Investment Sub-Committee will coordinate connections to share data with relevant inter-ministerial institutions and this pilot project will be implemented in the second quarter.

“The pilot project will be implemented in the second quarter of this year and will be a basis for official commencement in the third quarter of 2025.

The Capital-Provincial Investment Sub-Committees, within respective capital and provincial administrations, will be able to review and approve registrations, incentives, guarantees, mergers, sales and purchases, cancellations and dispute resolutions of private investment projects under $5 million.

Larger ventures must pass through the CDC’s Cambodian Investment Board (CIB).

CDC officially launched the cdcIPM late last year to streamline and digitize investment procedures, making it easier for businesses to invest in Cambodia

The cdcIPM is a technology system that allows investors to apply for investment project registration via online including applying, payment of service fee and obtaining a digital project registration certificate and reaching out to connect with relevant ministries and institutions in the future.

Sun Chanthol, Deputy Prime Minister and First Vice President of Council for the Development of Cambodia (CDC), has recently said that the cdcIPM is one of the government’s milestones in reforming and promoting the investment environment in the country.

“CDC has been continuously striving to improve and enhance the business and investment environment by promoting the dissemination of investment laws, opening up foreign investment, and streamlining and simplifying related procedures, especially digitalization for the provision of public services,” said Chanthol.

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