News

Som Ratana

20th - September, 2024

New Minimum Wage Announced for Cambodia’s Garment, Footwear and Travel ...
On 20th September 2024, the Ministry of Labor and Vocational Training issued a significant update to the minimum wage regulations for workers in Cambodia’s garment, footwear, and travel goods manufacturing industries. This update comes in the form of Prakas No. 211, which sets forth the new minimum wage standards for the year 2025. Key Points of the New Regulation: 1. Standard Minimum Wage: – For 2025: The minimum wage for regular workers in these sectors has been set at USD 208 per month. – This represents an increase of USD 4 from the 2024 rate of USD 204 per month. 2. Probationary Period Wage: – For 2025: Workers in their probationary period will be entitled to a minimum wage of ...

02nd - September, 2024

Cambodia’s 2025 Public Holiday Calendar for Civil Servants and Workers/...
On 24th August 2024, the Royal Government of Cambodia issued Royal Decree No. 204 on holiday calendar for civil servants and workers/employees for 2025. This decree outlines the following public holidays for the year 2025: January 1st: International New Year’s Day 7th: Victory over Genocide Regime Day March 8th: International Women’s Day April 14th, 15th and 16th: Khmer New Year May 1st: International Labor Day 11th: Visak Bochea (Buddha’s Birthday) 14th: King Norodom Sihamoni’s Birthday 15th: Royal Plowing Ceremony June 18th: Queen Mother Monineath’s Birthday September 21st, 22nd and 23rd: Pchum Ben Festival 24th: Constitution Day October 15th: Commemoration Day of King Father Norodom Sihanouk 29th: King Norodom Sihamoni’s Coronation Day November 4th, 5th and 6th: Water Festival 9th: Independence ...

28th - August, 2024

Regulations on Procedure for Overseas Worker Dispatch
On 19th August 2024, the Ministry of Labor and Vocational Training issued Notification No. 24 on Sending and Processing Documents of Cambodian Workers to Work Abroad. This client alert outlines key aspects of the new regulations. Key Points 1. Required Documentation The notification stipulates that for legal migration and employment abroad, Cambodian workers must possess: – Employment placement service contract – Employment contract – Overseas Cambodian Worker Card (OCWC) – Passport or Cambodian Travel Document for working overseas (TD) – Employment visa – Work permit card 2. Dispatch Process to Japan The notification outlines the dispatch process for several countries, including Japan. The process for deployment to Japan includes: – Employment placement registration (1 day) – Interview and employment placement ...

14th - August, 2024

Cambodia Introduces Digital Platform for Real Estate Service Licensing
The Non-Banking Financial Service Authority (NBFSA) of Cambodia has announced a significant change in the application process for real estate-related service licenses. According to a notification issued on 24th July 2024, the NBFSA has introduced a new digital platform for license applications. Effective 1st August 2024, individuals and businesses seeking licenses for real estate-related services can now submit their applications through the CamDigiKey app. This move towards digitalization aims to streamline the licensing process and improve efficiency in the real estate sector. This development marks an important step in Cambodia’s efforts to modernize its financial and real estate regulatory framework, leveraging technology to enhance administrative procedures.

01st - August, 2024

Circular on Holiday for Civil Servants, Staff, Workers/Employees and Students...
Cambodia Announces Public Holiday for Funan Techo Canal Groundbreaking The Cambodian government has issued a circular dated 1st August 2024, declaring holiday for civil servants, staff, workers/employees and students on the occasion of the groundbreaking of Funan Techo Canal construction on 5th August 2024. Key Points of the Circular: Official Celebration Date: The government has designated 5th August 2024, as the official day for celebrating the groundbreaking of the Funan Techo Canal construction. Holiday after participation in the ceremony: Government official, employees and students are granted a day off (paid holiday for employees of private sector) after participating in the groundbreaking ceremony. This circular aims to allow citizens to participate in and celebrate the commencement of this significant national project. ...

26th - March, 2024

Notification on Compensation for Employment Contract Termination
The Ministry of Labor and Vocational Training has issued the notification dated 21st March 2024 on compensation for employment contract termination. The notification clarifies the monetary compensations an employer must pay to an employee upon termination of a fixed-duration contract (FDC) or an undetermined duration contract (UDC) in the following circumstances under the Labour Law: (i) termination without valid reasons, (ii) termination due to an employee’s serious misconduct under Article 83 of the Labour Law or company’s internal rules, and (iii) termination due to bankruptcy. (i) Termination without valid reasons: FDC: Unpaid wages, payment in lieu of unused paid leave, severance pay of at least 5% of wages earned during employment, and damages equal to or greater than wages the ...

06th - October, 2023

Sub-Decree on the Implementation of the Cambodian Investment Law: An Overview
With the new Investment Law coming into effect on 15th October 2021, aimed at fostering and enhancing investment in Cambodia, the Sub-Decree on the Implementation of the Law on Investment was subsequently enacted on 26th June 2023. 1. Key Highlights of the Decree The Sub-Decree primarily outlines the prerequisites and sequence for investment project registration and execution (Chapter II), elaborates on the specifics of investment incentives (Chapter III), enumerates the diverse services rendered by the CDC (Council for the Development of Cambodia) and MPISC (Municipal-Provincial Investment Sub-Committees) to investors (Chapter IV), and delineates the protocols for the transfer and amalgamation of investment projects (Chapter V) as well as the suspension of such projects (Chapter VI). 2. Investment Activities Qualifying for ...

29th - September, 2023

Prakas on Decision of Minimum Wage for Workers in Garment and Textile etc. In...
The Ministry of Labour and Vocational Training issued the Prakas on Determination of Minimum Wage for Workers/ Employees in the Textile, Garment, Footwear, Travel Goods and Bag Industry for 2024 No. 283 on 29th September 2023. The Prakas states that the minimum monthly wage for workers and employees in such industries in 2024 will be as follows: – Regular worker: USD 204 – Worker under probation: USD 202

10th - September, 2023

Som Ratana Appointed to Council of Jurists: A Recognition of Expertise
We are delighted to announce that one of our dedicated team members Som Ratana has been appointed to the Council of Jurists of the Office of the Council of Minister. This appointment is a testament to their expertise and commitment to excellence in their field. Serving on the counsel is not only an honor for our staff member but also a reflection of the high regard in which our company is held. We are proud to have such a talented individual as part of our team, and we look forward to seeing the positive impact he will make in this new role.

28th - March, 2023

Sub-decree on Requirements and Procedures for Business Combinations
The Sub-decree No. 60 on Requirements and Procedures for Business Combinations was promulgated on 6th March 2023 and effective immediately. – Purpose of the Sub-decree. The purpose of the Sub-decree is to review, monitor and evaluate the impact on competition, and the Sub-decrees establishes requirements and procedures for business combinations (Article 2). – Pre-Notification and Review If the criteria set forth in the Sub-decree are satisfied, a notification must be made to the CCC (Consumer Protection, Competition and Fraud Repression Directorate General) prior to the completion of the business combination, and the business combination cannot be completed unless the CCC gives its permission (Article 4). A proposed business combination that has been notified to the CCC is subject to a ...