Repatriation and Convertibility

1. RESTRICTIONS ON THE REPATRIATION OF FUNDS

There are currently no restrictions on the repatriation of profit or capital derived from investments made in Cambodia, nor on most transfers of funds abroad. The Law on Investment guarantees that investors can freely remit foreign currencies abroad for the purposes of:

- Payment of imported goods and services and repayment of loans including interests and principles made by foreign banks or institutions;
- Royalties and management fees,
- Profits after discharge of obligations due and payment of all relevant taxes and royalties.
- Repatriation of invested capital on dissolution of an investment project.

2. FOREIGN EXCHANGE REGIME

According to the Law on Foreign Exchange dated 22 August 1997, as well as the regulations issued by the National Bank of Cambodia, foreign currencies can be freely purchased through the banking system. The Law on Foreign Exchange specifically states that there are no restrictions on foreign exchange operations, specifically including the purchase and sale of foreign exchange, and transfers and all other types of international settlements. However, the Law on Foreign Exchange requires that these transactions are only performed by authorised intermediaries. These intermediaries are legally recognised banks in Cambodia, which are required to report to the National Bank of Cambodia transactions in excess of US$10,000. There is no requirement that the investor sending or receiving the funds make a report on the transaction. The burden rests solely on the bank as the authorised intermediary.

3. CONVERTIBILITY OF CURRENCY FOR OVERSEAS TRANSFER

There are no restrictions on the convertibility of currencies for the overseas transfer of funds related to foreign investment.

(you can bring following documents when you are here and while the rest can to be done here)
 

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