Taxes and process of purchase housing in Cambodia

1. Inspect housing and negotiate with seller
Contact agents and tell him your needs, budget, regional scope and other requirements.
After chooce the house you like, you may discuss with the landlord about the transaction price and other details.
2. Pay the deposit, negotiate details
Pay a certain percentage of the deposit, the specific amount can be negotiated, and the landlord is required to issue a receipt; the two parties negotiate the signing time, payment time and other details. Negotiate taxes and fees in advance, and transfer fees.

3. Sign the contract
Sign the purchase contract with the details of the specific signing time, transfer time, payment process and other details previously negotiated.
Be sure to check the landlord ID card, account book, and title deed information before signing the contract. 
4. Remittance
After two parties signed the contract, you need to go to the local bank to open a personal bank account, prepare for the subsequent payment, and then send the money to the Cambodia account, usually within 3 working days to one week.
Ps. Cambodia law stipulates that overseas people must purchase funds from overseas, so they need to remit money to Cambodia accounts through bank remittance from other countries outside Cambodia.
5. Prepare the transfer document
After the remittance, you can begin to prepare the various documents required by the buyer and the seller.
Seller's required documents
a. Owner's identity document: ID card + real estate license (Cambodia nationality owner) / Passport and valid visa (foreign landlord) / Full set of company registration documents (provided by the Cambodia government, within 3 months of the document issuance, recommended within 1 month), company Chairman's ID card or passport (company owner)
b. No debt file: This document indicates that the apartment purchased does not have any debts, such as: property fees, arrears of utilities, and so on. The seller will obtain the document from the apartment management property.
c. Land lease, account book: Prepare the land title and account book of the house; if the landlord account is produced in the house, you need to submit the account first. If the property is being mortgaged by the bank, the landlord must first redeem the property title.
d. Authorized proxy and the identity document of the agent (if required)
Buyer's required documents
a. Passport, visa page information, generally copy three copies for use.
b. Foreign currency exchange transfer form issued by a local bank in Cambodia (any transfer amount exceeding US$20,000 can be applied to the bank. This document can even be purchased from a third party. This is a necessary document for the transfer of an apartment as stipulated by Cambodia law.)
c. A buyer with a foreign status may not be able to apply for a foreign currency exchange transfer form because the amount of each transfer is less than US$20,000. In this case, the seller can request the relevant letter of proof instead, and the foreign currency exchange transfer form only requires the foreign identity buyer.
d. Authorize the proxy and the identity document of the agent. (if needed)
6. Land Office Transfer
When you transfer the account, you need to prepare the information in advance (the following information is prepared in advance according to the transfer time):
Transfer required
a. The electricity bureau's recent payment of electricity bills, as well as the electricity meter's name change notice;
b. The near-paying list of the property management fee and the near-payment list of the water fee;
c. The original owner's bank statement (need to be obtained by cooperation);
d. The buyer's cheque and bank certificate, purchase contract, and passport issued by the bank.
7. Handover remaining items
After the land hall has successfully transferred, it is necessary to go to the power bureau where the property belongs to change the name of the meter.
Finally, register the information of the new owner at the property office.
Property transfer fee
a. Transfer fee: about 2%, usually half of the buyer and seller (can be negotiated)
b. Stamp duty: about 0.5% (usually paid by the seller)
c. Special business tax: about 3.3% (usually paid by the seller, if the owner holds the property for more than 5 years)