Logo of Phnom Penh Post newspaper Phnom Penh Post - Single Portal enters second year

Single Portal enters second year

Content image - Phnom Penh Post
The Single Portal was launched on June 15, 2020. Hong Menea

Single Portal enters second year

More than 6,000 businesses with over $2.6 billion in capital have been registered with the government’s online Business Registration Platform in just one year since its launch, according to the Ministry of Economy and Finance.

Six ministries and state-run institutions have been integrated into a business registration system on the platform, also known as the “Single Portal”, which was launched on June 15, 2020 by government representatives.

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.

Another six are planned to be incorporated at a later date – the ministries of Industry, Science, Technology and Innovation; Tourism; Posts and Telecommunications; Agriculture, Forestry and Fisheries; and Health, as well as the General Department of Customs and Excise of Cambodia.

As of June 14, some 6,164 applications had been approved with a total capital of $2.631 million, and 810 more were under final review, the finance ministry said in a press release issued in conjunction with the Single Portal’s first anniversary.

As of the same day, 5,637 applicants had cleared a preliminary review and were “registered for reservation”, awaiting the final review. Another 270 are under preliminary review and one other was declined.

Federation of Associations for Small and Medium Enterprise of Cambodia (Fasmec) president Te Taingpor told The Post on June 20 that online registration has many benefits, the most important of which is to no longer have to register individually with all the relevant ministries.

He said the platform requires companies to complete just a one-time business registration form, cutting fees by up to 40 per cent and taking a maximum of eight days.

“Fasmec now works with the Techo Start-up Centre to teach enterprises how to register online,” Taingpor said.

“On June 11, we invited the Techo Start-up Centre to train 120 enterprises in Siem Reap via Zoom,” he said, adding that Fasmec and many other institutions have moved virtually all activities online amid Covid-19.

According to the press release, the automotive sector – including importers, exporters, buyers, sellers and repair shops – accounted for the majority of registered businesses, at 38.11 per cent, followed by 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) and others (27.55 per cent).

“This is an important reform in the field of public administration aimed at promoting a high-level digital transformation in public services in line with the newly-approved digital economic and social policy framework,” the release said.

The platform ensures a smooth business registration process, which provides businesses a valid proof of identity for a range of services, such as applying for loans from special government financial programmes implemented during the Covid-19 crisis, it said.

The government plans to launch a second phase of the Single Portal in the near future, which will allow businesses to apply for licences, permits and certificates from the participating ministries and institutions, it added.

The Single Portal can be accessed at registrationservices.gov.kh

MOST VIEWED

  • Two luxury hotels latest quarantine options for inbound travellers

    The Inter-Ministerial Committee to Combat Covid-19 has designated two luxury hotels as alternative quarantine options for travellers who wish to enter Cambodia through Phnom Penh International Airport – Sokha Phnom Penh Hotel & Residence and the Courtyard by Marriott Phnom Penh. In a notice detailing guidelines issued

  • Visa A holders get to quarantine at Himawari Hotel

    The Ministry of Health has permitted foreign diplomats, UN and International NGO officials to undergo quarantine at Himawari Hotel in the capital in case they do not have a separate place suitable for this purpose, but the government would not be responsible for the expenses.

  • Jabs for kids bring hope for school reopenings

    Cambodia is tentatively planning to reopen schools – at least at the secondary level – when the vaccination of children aged 12-17 is completed, even though daily transmissions and deaths in other age groups remain high. Schools across the country have been suspended since March 20, one month

  • China denies Mekong hacking

    As the US and its allies joined hands last week to expose what they allege to be China’s Ministry of State Security’s malicious cyber activities around the world, the attention also turned to Cambodia with the US Department of Justice claiming that four

  • Governor: Covid subsides in capital

    Phnom Penh municipal governor Khuong Sreng said the Covid-19 situation in the capital’s 14 districts has eased, with only two districts still recording a high number of infections. “Transmission cases in all districts are dropping, though they are relatively higher Meanchey and Por Sen Chey.

  • Hun Sen: Get 12-17 age group ready for Covid jabs

    Prime Minister Hun Sen has told parents of children aged 12-17 in Phnom Penh and the provinces of Kandal and Preah Sihanouk to get them ready for vaccinations soon. “There is a need to vaccinate children and youths aged 12 to 17. According to the statistics provided