LAW ON INVESTMENT OF THE KINGDOM OF CAMBODIA
CHAPTER 1
GENERAL PROVISIONS
Article 1:
This Law aims to establish an open, transparent, predictable and favorable legal framework to attract
and promote quality, effective and efficient investments by Cambodian nationals or foreigners for
socio economic development in the Kingdom of Cambodia by:
1. Increasing Cambodia's competitiveness so its economic structure may diversify and become resilient to regional and global crises;
2. Modernizing and increasing the productivity of local industries and strengthening connectivity with regional and global supply chains by promoting increased capital inflows, and the transfer of technology, knowledge and know-how;
3. Establishing an investment incentive regime that is transparent, predictable, non-discriminatory and competitive that supports socio-economic policies; and
4. Providing protection to investors’ rights and legitimate interests in the Kingdom of Cambodia through the establishment of a comprehensive and equitable legal framework in line with national interests.
Article 2:
This Law applies to all Qualified Investment Projects, E xpanded Qualified Investment Projects and
Guaranteed Investment Projects registered with the Council for the Development of Cambodia or
Municipal Provincial Investment Sub Committee s.
Article 3:
The terms used in this Law are defined as follows:
"Investment Project" refers to a Qualified Investment Project, an Expanded Qualified Investment
Project or a Guaranteed Investment Project.
"Qualified Investment Project" abbreviated as QIP refers to an investment project that has received
a registration certificate from the Council for the Development of Cambodia or a Municipal Provincial
Investment Sub Committee.
"Export Qualified Investment Project" refers to a QIP that sells or transfers any proportio n of its
products to purchaser s or recipient s outside the Kingdom of Cambodia.
"Supporting Industry Qualified Investment Project" refers to a QIP in which any proportion of its
products is supplied to export industr ies.
"Domestically Oriented Qualified In vestment Project" refers to a QIP that does not export
"Expanded Qualified Investment Project" abbreviated as EQIP refers to an expansion of a QIP in
any form, including expansion of existing production, expansion through product line diversification
within the same lines, expansion through the use of new technologies that enhance productivity or
No comments:
Post a Comment