Foreign Capital 100% Ownership to Own Properties in Cambodia
In an effort to stimulate the economy and encourage overseas investment, the Cambodian government unveiled its law on foreign ownership of private units in co-owned buildings in 2018. There are essentially five options for buying properties in the Kingdom of Cambodia:
Option 1: Forming a LTD Company
In order to get 100% ownership now foreigner must register in the name of a LTD Company (Limited company).
Option 2: Getting honorary Cambodian citizenship
A foreign national can obtain honorary Cambodian citizenship if s/he donates a ‘significant’ sum amount of money to the Cambodian government for the purposes of benefiting to the people in Cambodia. Those granted honorary Cambodian citizenship can acquire a 100% right of ownership over property purchased in Cambodia.
Option 3: Buy property with a Cambodian citizen’s name
A foreigner can purchase and register a property in the name of a Cambodian citizen. However, to avoid this individual from selling the property without informing the owner, the foreigner is advised to hold the title deed.
Option 4: Long term Rental
Foreigners can purchase a property as per Option 3 above and then enter into a long-term rental agreement with the Cambodian citizen lasting up to 99 years.
Option 5: Getting married to a Cambodian National
A foreigner married to a Cambodian National can register a property using their spouse’s name on the Title Deed.
foreign capital 100% ownership to own properties in Cambodia
fred
February 24, 2018 at 6:31 pm
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Fred