Compass Cambodia report - His Majesty King Norodom Sihamoni has given his official approval to the newly proposed investment law.
The Royal Decree approving Cambodia's Investment Law was signed on October 15 and published on October 21. The government discussed the draft, and parliament debated and passed it in September.
The law, which has 12 chapters and 42 articles, aims to attract and improve Cambodia's investment environment. The new law was carefully crafted to strike a compromise between the immediate goal of improving tax collection and the long-term goal of encouraging new investment.
The proposed law, according to Cambodian Prime Minister Samdech Hun Sen, provides the legal framework for recruiting and offering scope to investors in the country. He went on to say that peace and stability are the most important elements for investors when deciding whether or not to invest in Cambodia.
Source: Compass Cambodia comprehensive arrangement
Editor: Malinda Chief Editor: Sunnie General in Chief/Executive Producer: Nicole
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