E-Commerce License and Permit Fees in Cambodia
Companies and individuals engaging in e-commerce in Cambodia must now apply for relevant permits and licenses, or risk fines for non-compliance.
On May 12, 2021, Cambodia’s Ministry of Commerce and Ministry of Economy and Finance jointly released Prakas 315 and Prakas 316, which describe fees and penalties associated with e-commerce licenses and permits. Prakas 315 and Prakas 316 both came into effect on May 26, 2021.
Read full article: https://www.aseanbriefing.com/news/e-commerce-license-and-permit-fees-in-cambodia/
Who needs to get e-commerce licenses and permits?
The e-Commerce Law is a far-ranging law that regulates both domestic and cross-border electronic transactions. The law goes beyond the standard retail e-commerce, as it also applies to all commercial and civil transactions that are done electronically.
What are the fees for e-commerce permits and licenses?
The fees to acquire a permit or license depending on whether the applicant is an individual person, a sole proprietorship, a legal person, or a branch office of a foreign company, as described in Prakas 315.
Building an e-commerce strategy in Cambodia
The Cambodian government has emphasized the importance of e-commerce for the country’s development in recent years.
In November 2020, the Cambodian government launched the e-Commerce Strategy, a 10-chapter document putting forth the country’s strategy to develop, integrate, and regulate the sector. A key factor in the strategy document is integrating Cambodia’s small and medium-sized businesses with e-commerce value chains to promote the development of the country’s digital economy.
Read full article: https://www.aseanbriefing.com/news/e-commerce-license-and-permit-fees-in-cambodia/
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