Logo of Phnom Penh Post newspaper Phnom Penh Post - Integrated business registration system debuts

Integrated business registration system debuts

Content image - Phnom Penh Post
Minister of Economy and Finance Aun Pornmoniroth (front, centre) says the new system will improve the Kingdom’s investment climate and enhance overall competitiveness. Hong Menea

Integrated business registration system debuts

Six ministries and state-run institutions have been integrated into a business registration system on an information technology platform that was launched on Monday by government representatives.

The platform intends to make the process of registering and opening a business in Cambodia easier and more efficient.

The six ministries and state institutions listed in the system are the ministries of Interior; Economy and Finance; Commerce; and Labour and Vocational Training, as well as the General Department of Taxation and the Council for the Development of Cambodia.

Speaking at the launch, finance minister Aun Pornmoniroth said the new system will improve the Kingdom’s investment climate and enhance overall competitiveness.

He said: “I am truly thrilled. I hold this new registration system in the highest esteem, which will allow businessmen to register their businesses at the Ministry of Commerce, register their taxes at the General Department of Taxation and announce the opening of an enterprise at the Ministry of Labour and Vocational Training at the same time. The whole process can be done in only eight days.”

The platform will help turn Cambodia into a modern and dynamic investment destination, especially in the context of changing global production chains and relocating of factories, he said.

“I encourage businesspeople to use the new business registration system and its mechanisms to the fullest extent possible.”

Phan Phalla, the secretary of state of the finance ministry and the chairman of the inter-ministerial registration system working group, said the system is the first of its kind in Cambodia.

The data exchange platform will allow data to be quickly transferred between ministries for review and approval, he said.

“All the processes will be done completely online. There are no tangible documents.

“All fees will be paid online and certificates issued by the ministries and institutions will also be provided in a digital format and can be self-published for official use,” said Phalla.

He said the system reflects the government’s commitment to reform by reducing complex procedures and saving time and costs. With the new system, businesses are only required to register once.

“The cost of registration under the new mechanism has been reduced by about 40 per cent. The patent tax for the year of registration has been reduced by 50 per cent and the registration taxes for new registration documents are now exempt.

“Businesspeople are no longer required to take a photo and scan their fingerprint immediately after listing,” he said.

Cambodia Chamber of Commerce vice-president Lim Heng said the new system would also help reduce bureaucracy and corruption.

He said: “We, in the private sector, welcome and strongly support the registration system and expect that it will attract more foreign investors to Cambodia.”

But, while the business registration system provides advantages, the government should focus on strengthening human resources so that the system is fully understood and information about it can be easily accessed, said Federation of Association for Small and Medium Enterprises of Cambodia president Te Taingpor.

He told The Post: “We welcome the launch of the online registration system, but we would like the ministry to launch a human resources training course to make sure people have a comprehensive understanding of it.”


  • Gov’t not using EU aid for poor

    Prime Minister Hun Sen on Tuesday refuted as “baseless”, claims that the government had used financial aid from the EU to implement the programme to identify and support poor and vulnerable people during the Covid-19 pandemic. The prime minister was responding to Roth Sothy, a

  • PM to vet NY holiday dates

    The Ministry of Economy and Finance submitted a letter to Prime Minister Hun Sen asking him to formally set a five-day national holiday from August 17-21 to make up for the Khmer New Year holiday in April that was postponed. Finance minister Aun Pornmoniroth sent

  • Cambodia rejects UN rights claim

    Cambodia's Permanent Mission to the UN Office in Geneva on Friday hit back at David Kaye, the UN special rapporteur on the Promotion and Protection of the Right to Freedom of Opinion and Expression after he raised concerns over the repression of free speech and

  • Snaring may spawn diseases

    The World Wildlife Fund (WWF) has warned that snaring of animals has become a crisis that poses a serious risk to wildlife in Southeast Asia and could spawn the transmission of zoonotic diseases to humans. Its July 9 report entitled Silence of the Snares: Southeast Asia’

  • Ex-party leader, gov’t critic named as secretary of state

    A former political party leader known for being critical of the government has been appointed secretary of state at the Ministry of Rural Development, a royal decree dated July 9 said. Sourn Serey Ratha, the former president of the Khmer Power Party (KPP), told The Post

  • Residence cards set for over 80,000 immigrants

    The Ministry of Interior plans to grant residence cards to more than 80,000 immigrants to better keep track of them. The ministry announced the plan on July 10, following the results of an immigration census. “An inter-ministerial committee and many operational working groups have been set up

  • Kingdom produces PPE gear

    Medical supplies from Cambodia have been donated to member countries of the Asian Development Bank (ADB) to assist in the fight against Covid-19, said an ADB report published on July 9. The report stated that the supplies were donated as a response to global efforts to

  • Kingdom, US vow stronger ties

    At an academic forum on Saturday to celebrate 70 years of Cambodia-US diplomatic ties, Cambodian researchers and officials expressed hope of encouraging US investments and for that country to deepen and improve its bilateral relations. Held at the Royal Academy of Cambodia, it reviewed the past 70

  • ‘Single Portal’ integrated registration system welcomes nearly 50 firms

    Forty-seven companies have successfully registered via a newly-launched information technology e-business registration platform as of the end of the second week of this month, Ministry of Economy and Finance secretary of state Phan Phalla said. Six ministries and state-run institutions have been integrated into a

  • Battambang artist brings giant animals to life

    The giant reptile’s gaping mouth appears ready to consume its latest victim. It stands taller than a person and is incredibly life-like with authentic colours, a long spiky tail and detailed scales adorning its entire body. If it wasn’t 13m long, you may