Cambodia Tax Regulation Update-June 2020
The Ministry of Economy and Finance (MEF) promulgated Prakas No. 525 on June 19, 2020, which aims to reduce the withholding of withholding when the Cambodian banks and microfinance institutions ("MFI") pay domestic and overseas interest payments Tax ("WHT
2021
01
Jun
Which bank is there in Cambodia?
2021-06-01

There are countless descendants of dragons who have dreams. They are or will be in Cambodia. They do not pay attention to the relevant laws and regulations of finance and tax. You will be overthrown by sudden attacks, because the speed at which you make money can hardly catch up with a huge legal sanction. This service account insists on originality. The author Zhang Xiaoming, Chairman of Zhuo Zhi Cambodia, three years of multinational enterprise management experience, six years of listing audit experience, five years of entrepreneurial experience, Chinese Certified Public Accountant (CPA), International Certified Public Accountant (ACCA). WeChat phone: 13928404895, 085502018


With the strong rise of the Cambodian economy, more and more people have begun to realize Cambodia's investment advantages, and the idea of investing and buying property in Cambodia has sprouted. Whether you are going to do business in Cambodia to register a company or invest in real estate, having a local bank account is essential!

The following editor sorts out some bank account opening conditions and bank conditions, and introduces the requirements for foreigners to open bank accounts in some local banks in Cambodia for your reference. A summary of the information of major banks in Cambodia, including account opening conditions, bank products, ATM cash withdrawal limits, transfer conditions, APP and interest rates are summarized as follows:

1. Bank of China (Hong Kong)


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2. Ka Wah Bank


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3. Industrial and Commercial Bank of China (Phnom Penh Branch)


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4. Cambodian Public Bank


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5. UCB Bank


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6. CAB Bank


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7.ABA Bank


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