A Message From The Chairman
Welcome to the Canadian Chamber of Commerce in Cambodia’s Official Website.
They say good things come in small packages, and Cambodia is the perfect example of that. This tiny country may not be the biggest or the richest in Southeast Asia, but it’s certainly one of the most charming and unique. In fact, Cambodia’s size is one of its greatest advantages, proving that sometimes, less really is more.
For starters, Cambodia’s response to the COVID-19 pandemic was nothing short of impressive. While other countries were throwing everything but the kitchen sink at the virus, Cambodia took a more practical approach, relying on simple but effective measures like border closures, mandatory quarantines, and contact tracing. It just goes to show that sometimes, a little common sense can go a long way.
But it’s not just in the fight against COVID-19 that Cambodia has shown that less is more. In fact, the country’s simple and straightforward policies make it an attractive destination for investors. For example, Cambodia allows 100% foreign ownership of companies, which means investors don’t have to partner with a local firm or worry about being swindled out of their investment by a conniving local partner.
And if that’s not enough to entice you, Cambodia also uses the US dollar as its primary currency. This means you don’t have to worry about crazy currency fluctuations or confusing exchange rates. It’s just good old American greenbacks all the way, baby!
But wait, there’s more! Cambodia’s tax system is so simple and easy to understand that even a fifth-grader could figure it out. There’s a fixed taxation rate of 20%, which means you don’t have to worry about sudden changes in the tax code or complicated loopholes. It’s like the country is saying, “Hey, we know taxes suck, so we’re gonna make it as painless as possible for you. You’re welcome!”
And let’s not forget the most obvious advantage of being a small country: you get to be a big fish in a small pond. In Cambodia, you’re not competing with a hundred other businesses or investors for the same piece of pie. Instead, you get to carve out your own slice of the market and build a loyal customer base that knows and trusts your brand.
So, if you’re looking for a country that proves that sometimes, less really is more, Cambodia is the place to be. With its simple but effective policies, charming culture, and laid-back vibe, Cambodia is like the perfect little vacation that you never want to end. And who knows, you might even decide to stick around and invest in the country’s bright future. After all, as they say, big things come in small packages!
Canadian Chamber of Commerce in Cambodia