News

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.

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 ...

01st - March, 2023

Prakas on Real Estate Service Business
The Non-Banking Financial Services Authority (NBFSA) issued the Prakas on Real Estate Service Business No. 64 on 27th December 2022. According to the Prakas, the regulatory authority for real estate-related services has been changed from the Ministry of Economy and Finance to the Pawnshop Regulator (RPR) under NBFSA, and the requirements and validity period of license/certificate (reduced from 3 years to 1 year) have been changed. In addition, the contribution system has started, whereby the holder of a license/certificate is required to make an annual contribution in the amount specified in the Prakas to RPR.