6 Key Questions To Ask Yourself Before You Move Overseas
Moving overseas can be an opportunity to reinvent yourself—leave behind the stresses and worries of where...
Read more| Information Type | Cambodia Data |
|---|---|
| Population | 16,718,965 (2020 est.) |
| Gross Domestic Product (GDP) | US$28 billion (2020 est.) |
| GDP Per Capita | $1338 (2020 est.) |
| Inflation Rate | 1.55% (2020 est.) |
| Currency | Riels (KHR) |
| Exchange Rate Versus U.S. Dollar | 4,065 Cambodian riel (2020 est.) per US dollar |
| Language | Khmer (official) 96.3%, other 3.7% |
| Capital | Phnom Penh |
| Population of Capital City | 2,077,725 |
| Time Zone | GMT/UTC + 7 hour |
| Seasons | Tropical; rainy, monsoon season (May to November); dry season (December to April); little seasonal temperature variation |
| International Dialing Code | 855 |
| Electricity | 230 V/ 50 Hz |
| System of Government | multiparty democracy under a constitutional monarchy |
| Name and Party Affiliation of Current Leader | Prime Minister HUN SEN (since 14 January 1985) [co-prime minister from 1993 to 1997]; Permanent Deputy Prime Minister MEN SAM AN (since 25 September 2008); Deputy Prime Ministers SAR KHENG (since 3 February 1992) |
| Income Tax Rate for Residents | 0% – 20% |
| Property Tax | 0.1% |
| Capital Gains Tax | Cambodia does not impose a separate tax on capital gains. Gains arising from the disposal of real property and other assets are treated as ordinary income and are therefore subject to tax at the prevailing CIT/ToP rate |
| Inheritance Tax | none |
| Rental Income Tax | Income from leasing real estate properties earned by nonresident individuals is subject to withholding tax at 14%. |
| Transfer Tax | Registration Tax is levied at a rate of 4% on transfer of ownership of real property or transfer of occupancy right of land without building in the form of sale, exchange, receiving gift, putting capital in company. |
| Sales Tax | 10% |
| Restrictions on Foreign Ownership of Property | Under the current rules, foreign property investments must be made in the name of a Cambodian national, and many are unwilling to risk losing their assets to unscrupulous local partners. |
| Local Chamber of Commerce | |
| American Chamber of Commerce | |
| Primary Exports | clothing, timber, rubber, rice, fish, tobacco, footwear |
| Residency and Visa Requirements | The country does not offer any extended visa specifically for retirees. Instead you can turn up at the airport unannounced and get a one-year visa, renewable at the end of the 12 months, on arrival. |
| Special Benefits for Foreign Residents or Retirees | Requirements for a business or an employment visa in Cambodia can be quite lax. Again, working as little as a day or two per month (or less) or finding a local agent specializing in business visas can be all you need to obtain a longer-stay visa. |
| National Airline | None |
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