Cambodia is primarily known for its tourism. However, that’s not all it is known for. That is, you can now explore a wide host of business opportunities there across a variety of fields. However, to explore those, you will require a Cambodian visa for business.
Let us take a look at the different types of opportunities you can explore in Cambodia after obtaining the business visa.
Business Opportunities in Cambodia
Some of the most popular types of business opportunities you can partake in are:
Real Estate
You can consider investing in real estate opportunities in Cambodia since the value of both residential and commercial properties has been steadily rising. This hints at the rising standard of economic progress, which is letting people buy or rent these properties more.
Agriculture
Cambodia has quite a few regional markets spread out across the length and breadth of the country. So, you enjoy access to fresh produce, which you can export out of the country and help boost the country’s GDP.
You could also outsource these ingredients or fresh produce to restaurants and hotels since they will require the same for their pantries and kitchens. This will help you set up a nice business model.
Hospitality and Tourism
Cambodia receives a lot of visitors who visit the country every year to visit its historic attractions and beautiful landscape. For instance, it received as many as 2.3 million visitors in 2022.
Generally, different kinds of tourism such as eco and experience-based tourism are quite popular there.
Manufacturing
The country is known for its low cost of labour and emphasis on entrepreneurship. This has attracted a lot of popular companies to set up their respective industries in the country. You can explore partnerships with these organizations after obtaining your Cambodian visa for business.
Let us now discuss more about this visa in detail below.
What is a Cambodian Business Visa?
It is an online document issued by the Royal Government of Cambodia to people who wish to visit Cambodia for purposes of business. In other words, you can apply for a Cambodian business visa if you wish to explore a business opportunity, attend a conference or be part of a meeting.
However, you cannot use this visa to travel as a tourist, work as an employed worker, and study as a Cambodian student, just pass through the border, or retire after employment. That’s because you will have to apply for other Cambodian visa types for these purposes.
Additionally, you must note that this is a single-entry visa that will allow you to stay up to 30 days at a stretch. This is different from the validity of the visa; this is three months from the date on which it was issued. You can enter the country any time during this period.
Why Choose an Electronic Cambodia Business Visa?
You can save a lot of time by opting for the electronic Cambodian business visa since you can obtain it digitally.
What Makes You Eligible for a Cambodian Business Visa?
You will have to fulfill the following criteria to get a Cambodian visa for business, as mentioned below.
Reason for visiting the country
You should visit the country only for business. In other words, if you have to attend a business meeting, attend a conference or seminar. To prove this, you should have supporting documents like a letter of invitation from the conference, etc.
Clean Police Record
You shouldn’t have a criminal record when you apply for a Cambodian business visa. This can be established with the help of a police clearance certificate obtained from your local station, constabulary, etc.
Validity of Passport
Your passport should be valid for the next 6 months following the date of your entry to Cambodia.
Monetary strength
You must have bank statements that prove you can support yourself comfortably during the visit.
Health
You must be in excellent health for your visit to the country, which can be proved by a medical certificate clearing you of any ill health.
Reasons for returning
Last, but not least, you must demonstrate that you have adequate reasons to return to your home country or country of origin. The reason could be a job in your country, dependents like a wife, children, etc.
Exclusions
Now, you will not require a Cambodian visa for business if you belong to ASEAN countries like:
- Philippines
- Indonesia
- Vietnam
- Thailand
- Malaysia
- Singapore
- Seychelles
- Brunei
- Myanmar
However, the duration of stay differs for each of them. Let us now study how you can apply for a Cambodian business visa below.
Application Process for a Cambodian Business Visa
Before you apply for this Cambodian visa type, you should ensure that you have the correct documents. After that, you must fill out the form correctly, pay the fee and you will be ready.
Documents Required
You should compile the following documents: a valid passport, 1 recent passport-size (35mm x 45mm size) photograph that fulfills official requirements, your travel plan, proof of your financial strength, and bank statements stating your business’s income.
For more information about the official requirements, you can contact our customer support team.
Filling the form
You will have to visit the website and fill in information like your surname, date of birth, country of birth, email address, etc. Ensure to cross-check all information twice before hitting ‘next’ on the screen.
Paying the Fee
After filling in the details, you will be taken to the payments page. Following that, you have to input the details of your debit/credit card and pay the required fee.
Common Mistakes to Avoid
You should avoid making mistakes like filling in incorrect information, leaving some vital fields blank, not paying the required fee, etc. This will prevent your Cambodian visa for business application from being rejected.
After Applying for the Cambodian Business Visa
You should be prepared to wait for up to 3 working days to receive your visa. However, in case you don’t, get in touch with our helpdesk.
Now, keep in mind that possessing a Cambodian business visa does not automatically render you eligible for opening a business in the country. This is only the first step toward starting a business venture on Cambodian ground.
Step 2 is registering your venture with the Cambodian government as a sole proprietorship, private limited company, partnership, or foreign company. This must be completed within 15 days from staring the application process.
Next, you must select personnel. This will vary according to your business’s entity. For instance, an organization registered as a private limited company must have at least one director, irrespective of nationality.
Step 4 is to register a physical address in your company’s name in the region where you will operate. For instance, if you will be running your business out of Siam Reap, it must be registered with the Siam Reap Municipal Office.
What to Do if Your Cambodian Visa Application is Rejected?
In case your Cambodian business visa application is rejected, you should start the process of applying for this visa again. However, ensure that you are careful this time to avoid making the same mistakes.
Hence, you should follow all the previously mentioned procedures to successfully apply for a Cambodian visa for business. Do remember to keep all your documents together, pack appropriately, and have a safe trip!
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