Logo of Phnom Penh Post newspaper Phnom Penh Post - Single Portal logs over 13,000 firms since launch

Single Portal logs over 13,000 firms since launch

Content image - Phnom Penh Post
The Single Portal can be accessed at registrationservices.gov.kh. Hong Menea

Single Portal logs over 13,000 firms since launch

The number of companies registered on the government’s online business registration platform, known as Single Portal, had reached over 13,000 since its launch in mid-2020, while more than 1,300 others have submitted their applications pending review.

According to the Ministry of Economy and Finance, as of April 11 businesses that had successfully registered on the integrated system totalled 13,154, while 1,305 others are awaiting approval. The ministry said that registering a business through this platform takes eight days.

Separately, 9,511 businesses have successfully made reservations to complete the registration process at a later date, while 325 others are under review, the ministry said.

Cambodia Chamber of Commerce (CCC) vice-president Lim Heng said the number of companies registered via Single Portal has increased because the platform provides great convenience compared to the previous system. The new system is also cost-effective and does not require repeated process as were previously the cases of registration with relevant state institutions.

“The Single Portal provides many benefits and, especially, motivates investors to expand their businesses. It is also in line with the advancement of information technology and Industry 4.0,” he said, referring to the Fourth Industrial Revolution (FIR).

Royal Academy of Cambodia economics researcher Ky Sereyvath lauded the Single Portal as an adequate management system that allows registered firms to upload information to an easily accessible database.

He told The Post that the portal is in step with the FIR and cuts down on the manpower and other resources required for registration, saying that business owners need only a mobile phone to complete the process.

Sereyvath said the system would allow the government to “properly collect taxes without leaks”, and effectively manage small- and medium-sized enterprises (SME), ensuring the necessary supports for these businesses to be competitive on the market, as well as to grow and prosper.

“Improper competition and tax evasion make it impossible for our SMEs to grow, and the government cannot help them because we don’t know the exact figures,” he said.

Sereyvath also revealed that government incentives and subsidies were on the cards for properly-registered firms.

Finance ministry spokesman Meas Soksensan has said that the Single Portal only requires each company to complete just a one-time business registration form and takes no more than eight days to complete the process. The information submitted by the company through this system will automatically be forwarded to state institutions incorporated into this system.

The government launched the integrated business registration platform on June 15, 2020, incorporating six ministries and state-run institutions – the finance, interior, commerce and labour ministries, and the General Department of Taxation (GDT) and Council for the Development of Cambodia (CDC).

On September 1, the government deployed Phase II of the platform integrating four new agencies – the Non-Bank Financial Services Authority’s Real Estate Business and Pawnshop Regulator, and the industry, tourism and telecoms ministries.

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

MOST VIEWED

  • Joy as Koh Ker Temple registered by UNESCO

    Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in

  • Ream base allegations must end, urges official

    A senior government official urges an end to the allegations and suspicions surrounding the development of Cambodia’s Ream Naval Base, now that Prime Minister Hun Manet has addressed the issue on the floor of the 78th UN General Assembly (UNGA 78). Jean-Francois Tain, a geopolitical

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • CP denied registration documents by ministry

    The Ministry of Interior will not reissue registration documents to the Candlelight Party (CP). Following a September 21 meeting between ministry secretary of state Bun Honn and CP representatives, the ministry cited the fact that there is no relevant law which would authorise it to do

  • Cambodian diaspora laud Manet’s UN Assembly visit

    Members of the Cambodian diaspora are rallying in support of Prime Minister Hun Manet’s forthcoming visit to the 78th UN General Assembly (UNGA 78) in the US’ New York City this week. Their move is an apparent response to a recent call by self-exiled former

  • PM to open new Siem Reap int’l airport December 1

    Prime Minister Hun Manet and Chinese leaders would jointly participate in the official opening of the new Chinese-invested Siem Reap-Angkor International Airport on December 1. The airport symbolises a new page in the history of Cambodian aviation, which will be able to welcome long-distance flights to