Q Is it easy to purchase property in Cambodia?

A The Cambodian government welcomes foreigners to invest in property, and the policy for foreigners to buy a house is even easier than that of Thailand. As long as you have a passport, you can buy a house.

Q What regulations for foreigners purchase property in Cambodia?

A According to the "Foreigner's Real Estate Property Law", foreigners who purchase high-rise buildings on the second floor or higher in Cambodia can obtain the same property ownership certificate as Cambodia citizens, and they can rent and sell houses at their will and enjoy permanent property rights. Note: Land and villas cannot be purchased by individuals, nor houses on the ground floor.

Q Can foreigners buy a house by installment,? How long can it be loaned? What is the interest?

A Foreigners can buy a house in Cambodia by loan for a maximum of 12 years. 65% of house value can be loaned, and the annual interest rate is about 9.96%. Because Cambodia's total property prices are affordable and interest rates are not so economical, when you applying for loans, bank requires documents such as employment certificates and income certificates, so foreigners generally will not choose buy house by loans.

Q What taxes do I need to pay when buying a house in Cambodia?

A Only 4% of deed tax (house transaction tax) and 0.1% of real estate tax are payable. Real estate tax is charged once a year.

Q Does foreigner owner need to pay tax as they receive rental income?

A Foreign landlords only need to pay 10% rent income tax, but they need to have a fixed residence in Cambodia or stay in Cambodia for more than 182 days per year. Foreign landlords without a fixed residence or stay in Cambodia less 182 days per year must pay a 14% rent income tax.

Q Will buyers record by CRS?

A Cambodia is one of the few countries that is not under the jurisdiction of the CRS. Deposits in Cambodia and any investment and financial management will not be reported to any country in the world, including real estate, which are hidden assets.

Q Can I transfer it to someone after I paid the deposit or signed the contract?

A It can be renamed once before applying for a hard title certificate, usually the developer charges $ 500 service fee, it depending on the developer.

Q Can I authorized to agent to book property Can I authorize agent to sign the contract?

A Agent can book property for you with authorization certificate, but the contract can be signed only the buyer himself.

Q During the charter period, can the customer terminate the agreement and sell the house?

A The charter agreement cannot be terminated during the charter period, but the house can be sold. The buyer will continue to carry on the charter agreement until the agreement expires first.

Q What taxes do I need to pay if I resell my property?

A The buyer needs to pay 4% of the announced price of the Cambodian government as the [house transaction tax]. If you find an agent to help, you need to pay agency fee about $ 1,000.