The ISO code of Cambodia is KH according to the ISO 3166 standard. The local name of the country is Kampuchea. Cambodia capital city is Phnom Penh. People in Cambodia speak the Khmer language. In the year 802, Cambodia emerged as a sovereign political entity. The largest city in Cambodia is Phnom Penh.
Cambodia is located in the UTC +07:00 time zone, which is also called Indochina Time or ICT. The internet country code top-level domain (ccTLD) for Cambodia is .kh. Other domains assigned to Cambodia are .asia. The International dialing code for Cambodia is 855. People in Cambodia drive on the right side of the road. Total land area of Cambodia is 181,035 km² (approx. 69,898 mi²). Cambodia is not a landlocked country. It means that is is bordered by at least one major body of water.
Cambodia is located in Asia. Cambodia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Cambodia faces various issues, including illegal logging activities throughout the country and strip mining for gems in the western region along the border with Thailand have resulted in habitat loss and declining biodiversity (in particular, destruction of mangrove swamps threatens natural fisheries), soil erosion, in rural areas, most of the population does not have access to potable water, declining fish stocks because of illegal fishing and overfishing.
Doing business in Cambodia
We offer various corporate services in Cambodia jurisdiction. These services can serve both, people coming from Cambodia and foreigners. If you plan on doing business in Cambodia you might be interested in contacting us.
To find out about starting your business in Cambodia click on company formation in Cambodia.
To find out how to open a bank account in Cambodia and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Cambodia.
Choose preferred service below or continue reading to find out more about Cambodia.
Demographics of Cambodia
The total population of Cambodia is 16,245,729 people. In Cambodia, the population density is 84 people per square kilometer (219 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is almost uniform according to a fractionalization scale which for Cambodia is 0.2105. Cambodia has approximately 75556 foreign immigrants. The median age is approximately 24.1 years. In Cambodia, 4.94 in every 100 people use internet. Cambodia has a Human Development Index (HDI) of 0.584.
The majority religion of Cambodia is Buddhism, Cambodia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Cambodia.
Culture of Cambodia
People in Cambodia speak the Khmer language. According to data on inbound tourists in Cambodia, 4,210,000 tourists arrive in the country each year. One of the most popular national dishes of Cambodia is amok trey. To read more click on culture of Cambodia.
Geography of Cambodia
Cambodia is considered to be a large nation because of its total area. Its total land area is 181,035 km² (approx. 69,898 mi²). Cambodia is located in Asia. Its capital city is Phnom Penh. Cambodia has 3 neighbouring countries. Its neighbours include Laos, Thailand, and Vietnam. Total length of land borders of Cambodia is 2530 kilometers (~977 miles).
The highest point of Cambodia is Phnom Aural, with its official height being 1810 m (5,939 ft). Including land mass and EEZ, the total area of Cambodia is approximately 243,550 km² (~94,035 mi²). The most notable natural resources found in Cambodia are oil, gas, timber, gemstones, iron ore, manganese, phosphates, hydropower potential, arable land.To read more click on geography of Cambodia.
Economy of Cambodia
The currency of the country is Cambodian riel. The symbol used for this currency is ៛, and it is abbreviated as KHR. 0.2% of population in the country are unemployed. The total number of unemployed people in Cambodia is 32,491. Each year, Cambodia exports around $6.78 billion and imports roughly $8.9 billion. The Gini Index of the country is 37.9. Cambodia has a Human Development Index (HDI) of 0.584.The Global Peace Index (GPI) for Cambodia is 2.179. Cambodia has a government debt of 33.7% of the country's Gross Domestic Product (GDP), as assessed in 2012. Cambodia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are tourism, garments, construction, rice milling, fishing, wood and wood products, rubber, cement, gem mining, textiles.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Cambodia is $50,161 billion. Each year, consumers spend around $10,279 million. The ratio of consumer spending to GDP in Cambodia is 0%, and the ratio of consumer spending to the world consumer market is 0.0296. The corporate tax in Cambodia is set at 20%. Personal income tax ranges from 0% to 20%, depending on your specific situation and income level. VAT in Cambodia is 10%. In 2013, Cambodia received 807.4 million USD in foreign aid.In 2014, the foreign aid amounted to 790.9 USD.To read more click on economy of Cambodia.
Infrastructure of Cambodia
Infrastructure quality in Cambodia is rated to be at 2.58. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
In Cambodia, 31.1% of the population has access to electricity. There are 13,784 internet hosts in Cambodia. Cambodia has 16 airports nationwide.
The logistics performance index of Cambodia is 2.74. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 2.92. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
The number of road motor vehicles per 1000 inhabitants in Cambodia is 14. To read more click on infrastructure of Cambodia.
Politics of Cambodia
Cambodia, is a unitary parliamentary constitutional monarchy. With regard to political and civil freedoms, Cambodia is 3. Citizens in Cambodia experience little to no civil liberties and political rights. Citizens are not free to express themselves and do not enjoy political freedom or a representative government. Countries with this political situation are dangerous for investment, as an authoritarian government may have outsize control over economic matters. The head of the government is Norodom Sihamoni.
According to the World Bank Group, the government effectiveness index of Cambodia is -0.68. This indicates that the government of Cambodia is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Cambodia, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Cambodia is 2.179. The strength of legal rights index for Cambodia is 11. Overall, it is considered to be rather strong - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders quite well; credit information is abundant and easily accessible. In 2013, Cambodia received 807.4 million USD in foreign aid. In 2014, the foreign aid amounted to 790.9 USD. Cambodia is a member of the United Nations (UN). On 14 December 1955, it joined the UN as a full member state. Cambodia is a member of the World Bank. To read more click on politics of Cambodia.
Environment of Cambodia
Cambodia emits 0.3 metric tons per capita of CO2. 93350 km² of Cambodia's territory is covered in forests. and forest land comprises 52% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Cambodia is 14. To read more click on environment of Cambodia.
Company formation in Cambodia
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Cambodia.
When establishing a company in Cambodia, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Cambodia that will affect the establishment and growth of one's business. Contact us or click on company formation in Cambodia to read additional information when setting up a business.
Bank account opening in Cambodia
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Cambodia. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Cambodia, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Cambodia or contact us.