Cambodian Single Portal Marks One Year Anniversary

0
130

The Cambodian Single Portal, which allows for easier online business registrations, has seen more than 6,000 businesses register over the past twelve months since it launched on June 15, 2020.

In total, it is believed more than $2.6 billion in capital has been registered with the government’s online Business Registration Platform, reported by the Ministry of Economy and Finance.

Until now, still only six ministries and state-run institutions are integrated into the business

Cambodia Online Business Registration System

registration system, however,  more have been speculated by the Ministry to be added over the past year but this has not materialised. The currently linked institutions are:

  • Ministry of Commerce
  • General Department of Taxation
  • Ministry of Labour and Vocational Training
  • Ministry of Interior
  • Council of Development of Cambodia
  • Ministry of Economy and Finance

Cambodia Single Portal Business Registrations

By January 2021, more than 7,293 registrations had been received, but not all had cleared registration.

The breakdown of the registrations on the Singe Portal as of mid-June 2021 are as follows:

  • 6,164 applications have been approved.
  • 810 applications were under final review.
  • 5,637 applications cleared a preliminary review and were “registered for reservation”.
  • 270 applications are under preliminary review.
  • One application was declined.

Federation of Associations for Small and Medium Enterprise of Cambodia (Fasmec) President, Te Taingpor, also told the Phnom Penh Post that the One Portal business registration cuts fees by up to 40 per cent and takes a maximum of eight days, which is something the Ministry has been reiterating over the past year.

In term of industry sectors, the breakdown of business registration using the online Single Portal are:

  • Automotive sector – 38.11 per cent
  • Real Estate – 10.29 per cent
  • Manufacturing – 8.58 per cent
  • Accommodation and food services – 8.47 per cent
  • Professional, scientific and technical services – 7.6 per cent
  • Others – 27.55 per cent

Tainpor added that ““Fasmec now works with the Techo Start-up Centre to teach enterprises how to register online.”

You can read more on our guide on how to register with the Single Portal system but we advise you to follow any official changes and updates on the official website.

The government aims to launch a second phase of the Single Portal to allow businesses to apply for licences, permits and certificates from all of the participating ministries and institutions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here