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BritCham Cambodia
 BritCham Thailand
 Friday 26th September
 Four Seasons Hotel, Bangkok
BritCham Cambodia
 1996 Established as the British Business Association
of Cambodia (BBAC)
 BiSEA Member (Reciprocal Memberships)
 2010 Registered as a ‘Chamber’ in Cambodia
 2011 Founding Member of EuroCham Cambodia
 2014 UKTI OBN Grant approved and started
 2015 Start BCC Accreditation Process
Managing the Chamber
 8 Elected Board Members
 1 Full Time Executive Director
 1 Full Time Office Manager (2015)
 Committees:
 Events, Membership, Finance, MarComs, UKTI
 Advisory Board:
 Former Board members, local dignitaries, et cetera
Membership
 125 Chamber members
 80% Corporate members
 Extended Network of over 500 people
 BritCham Cambodia communicates with its members
and network via:
 Monthly Newsletter, Website, LinkedIn Group, FaceBook
Page, Twitter, and in person at all events
Within Cambodia
 BritCham Office is based within the British Embassy
 MoU for a reciprocal relationship signed with the
Cambodian Chamber of Commerce for events and
information sharing
 Close working relationship with other National
Chambers (AmCham, AusCham, InCham, IBC, et
cetera)
Events
Events
 A mixture of, Business Briefings, Networking Events,
Social Events, Family Events, Women's Events
 Monthly Breakfasts, Lunches, or Dinners
 Annual, Family Day, Team Challenge Days, Pub
Quiz Challenge, Speed Networking
Services
Reduced entry fees to
events
General enquiry Business Introduction
Business Referral Headstart services Touchdown service
Trade Missions Members Database BritCham Members Events
Market Research Expatriate and Local
Networks
Advance access to reports,
articles and notices
The Cambodian Market
 Population around 15 Million people
 GDP at US$ 15.25B (2013)
 Exports US$6.78B (2013)
 clothing, timber, rubber, rice, fish, tobacco, footwear
 Imports US$8.89B (2013)
 petroleum products, cigarettes, gold, construction
materials, machinery, motor vehicles, pharmaceutical
Cambodian Population
Main Market Sectors
 Garments and Shoes
 Tourism
 Construction
 Agriculture
Cambodian Exports
Garments and Shoes
Garments and Shoes
 The garment industry currently employs more about
600,000 people and accounts for over 70% of
Cambodia's total exports
 In the first six months of 2014 the sector saw
exports of US$2.92B - a 16% increase in exports
from the same period in 2013
Tourism
Tourism
 2.54 million international visitors in the first seven
months of 2014, up 4.5 percent compared to the
same period last year
 2013 saw a total of US$2.5B in Tourism receipts
Construction
Construction
 1,641 projects were approved, covering an area of
7.5 million square metres, with a value of US$2.8B
in 2013, an increase of 31% year-on-year.
Agriculture
Agriculture
 Main exports
 rice, rubber, corn, vegetables, cashews, cassava
(manioc, tapioca), silk
 Main imports
 tobacco, sugar, beer ingredients/products, food wastes,
salads
Doing business in Cambodia
 Dollarised Economy
 100% Foreign Owned Companies permitted
 No Capital Controls on inflows and outflows
 Favourable Tax Regime (Caped at 20%)
 Registered capital for new company: US$1,000
 Registration process should take under three months
 Registration should cost less than US$2,000
Tax on Profit:
 20% for the profit realised by a legal person.
 9% for the profit of Qualified Investment Project
(CDC approved) to be entitled to the 5 year
transitional period
 0% on profit of Qualified Investment Project during
the tax exemption period as determined by CDC.
 According to the progressive tax rate by tranche for
the table below for the profit realized by the
physical person:
Profit Tax
Annual Profit Tax% US$
FX reil US$ % Payable
4000r = US$1 6,000,000 1,500 0% -
4000r = US$1 15,000,000 3,750 5% 188
4000r = US$1 102,000,000 25,500 10% 2,550
4000r = US$1 150,000,000 37,500 15% 5,625
4000r = US$1 150,000,001 37,500 20% 7,500
Questions ?
 Darren Conquest
 Chairman@BritChamCambodia.org
 Olivia Widen
 ExecutiveDirector@BritChamCambodia.org
 www.BritChamCambodia.org

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BritCham Cambodia Presentation to BritCham Thailand (Darren Conquest)

  • 1. BritCham Cambodia  BritCham Thailand  Friday 26th September  Four Seasons Hotel, Bangkok
  • 2. BritCham Cambodia  1996 Established as the British Business Association of Cambodia (BBAC)  BiSEA Member (Reciprocal Memberships)  2010 Registered as a ‘Chamber’ in Cambodia  2011 Founding Member of EuroCham Cambodia  2014 UKTI OBN Grant approved and started  2015 Start BCC Accreditation Process
  • 3. Managing the Chamber  8 Elected Board Members  1 Full Time Executive Director  1 Full Time Office Manager (2015)  Committees:  Events, Membership, Finance, MarComs, UKTI  Advisory Board:  Former Board members, local dignitaries, et cetera
  • 4. Membership  125 Chamber members  80% Corporate members  Extended Network of over 500 people  BritCham Cambodia communicates with its members and network via:  Monthly Newsletter, Website, LinkedIn Group, FaceBook Page, Twitter, and in person at all events
  • 5. Within Cambodia  BritCham Office is based within the British Embassy  MoU for a reciprocal relationship signed with the Cambodian Chamber of Commerce for events and information sharing  Close working relationship with other National Chambers (AmCham, AusCham, InCham, IBC, et cetera)
  • 7. Events  A mixture of, Business Briefings, Networking Events, Social Events, Family Events, Women's Events  Monthly Breakfasts, Lunches, or Dinners  Annual, Family Day, Team Challenge Days, Pub Quiz Challenge, Speed Networking
  • 8. Services Reduced entry fees to events General enquiry Business Introduction Business Referral Headstart services Touchdown service Trade Missions Members Database BritCham Members Events Market Research Expatriate and Local Networks Advance access to reports, articles and notices
  • 9. The Cambodian Market  Population around 15 Million people  GDP at US$ 15.25B (2013)  Exports US$6.78B (2013)  clothing, timber, rubber, rice, fish, tobacco, footwear  Imports US$8.89B (2013)  petroleum products, cigarettes, gold, construction materials, machinery, motor vehicles, pharmaceutical
  • 11. Main Market Sectors  Garments and Shoes  Tourism  Construction  Agriculture
  • 14. Garments and Shoes  The garment industry currently employs more about 600,000 people and accounts for over 70% of Cambodia's total exports  In the first six months of 2014 the sector saw exports of US$2.92B - a 16% increase in exports from the same period in 2013
  • 16. Tourism  2.54 million international visitors in the first seven months of 2014, up 4.5 percent compared to the same period last year  2013 saw a total of US$2.5B in Tourism receipts
  • 18. Construction  1,641 projects were approved, covering an area of 7.5 million square metres, with a value of US$2.8B in 2013, an increase of 31% year-on-year.
  • 20. Agriculture  Main exports  rice, rubber, corn, vegetables, cashews, cassava (manioc, tapioca), silk  Main imports  tobacco, sugar, beer ingredients/products, food wastes, salads
  • 21. Doing business in Cambodia  Dollarised Economy  100% Foreign Owned Companies permitted  No Capital Controls on inflows and outflows  Favourable Tax Regime (Caped at 20%)  Registered capital for new company: US$1,000  Registration process should take under three months  Registration should cost less than US$2,000
  • 22. Tax on Profit:  20% for the profit realised by a legal person.  9% for the profit of Qualified Investment Project (CDC approved) to be entitled to the 5 year transitional period  0% on profit of Qualified Investment Project during the tax exemption period as determined by CDC.  According to the progressive tax rate by tranche for the table below for the profit realized by the physical person:
  • 23. Profit Tax Annual Profit Tax% US$ FX reil US$ % Payable 4000r = US$1 6,000,000 1,500 0% - 4000r = US$1 15,000,000 3,750 5% 188 4000r = US$1 102,000,000 25,500 10% 2,550 4000r = US$1 150,000,000 37,500 15% 5,625 4000r = US$1 150,000,001 37,500 20% 7,500
  • 24. Questions ?  Darren Conquest  Chairman@BritChamCambodia.org  Olivia Widen  ExecutiveDirector@BritChamCambodia.org  www.BritChamCambodia.org