Cambodian Single Portal Marks One Year Anniversary
By
B2B Cambodia
on
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
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:
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.
- 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