Launched the “Special Investment Promotion Program in Sihanouk Province 2024"

On 31 January 2024, the Government of Cambodia launched the “Special Investment Promotion Program in Sihanouk Province 2024” to resolve the stalled constructions in Preah Sihanouk, as well as attract investors and boost the economy.

As part of this initiative, businessmen and investors whose projects involve unfinished buildings or require expansions are eligible to receive a series of benefits such as exemption from income tax and minimum tax for an additional three years, exemption from value-added tax till the completion and renovation of the buildings, five-year withholding tax holiday on real estate lease, exemption of property tax and speedy administrative sanctions for various certificates and licences. The Government would also promote out-of-court dispute resolution mechanisms for investment-related disputes.

• Type:

  • Promotion and facilitation (Investment facilitation , Investment incentives)

• Industry:

  • Services (Construction)

• Sources:

  • Government of Cambodia, Selected Comments Samdech Moha Bovor Thipadei Hun Manet, at the official launch of the implementation of “Special Program to Promote Investment in Sihanoukville 2024” , https://pressocm.gov.kh/en/archives/90596, 31 Jan 2024
  • khmertimes, Special Investment Promotion Program For Sihanoukville In 2024, https://www.khmertimeskh.com/501437050/sihanoukville-investors-seeking-special-benefits-can-apply-now/, 07 Feb 2024
  • cambodiainvestmentreview, Cambodia’s Real-Estate Community Welcomes Sihanoukville Investment Incentive Program, https://cambodiainvestmentreview.com/2024/02/02/cambodias-real-estate-community-welcomes-sihanoukville-investment-incentive-program/, 02 Feb 2024