New Draft Law On Investment Encouraged Foreign Companies, Which Led Real Estate as The Best Investment Choice

Groups representing US and European firms in Cambodia have welcomed the National Assembly's approval of the Draft Law on Investment last week.

for the reason that it aims to make Cambodia more competitive and resilient to regional and global crises. This new draft law on investment will modernize and increase the productivity of local industries by encouraging new technologies and value-added production processes. At the same time, this would also aim to attract more local and foreign investors by protecting their rights regardless of nationality.

Foreign firms have strongly encouraged the draft law, which calls for the promotion of 20 priority sectors, particularly high-tech, which provides high-level employment in technology, innovation, research and development, and digital infrastructure.

In addition, institutional payments that qualify to support Cambodia's exports will be able to import construction materials and production equipment with tariffs and additional tax exemptions.

This new draft law on investment also encourages the real estate sector in Cambodia to be more active. As long as the conditions are easy for investors to get, this will certainly attract more and more people. As a result, if you are interested in investing in sectors other than land, such as condos or offices, Compass will now make recommendations for housing projects for both regular home buyers and investors.

Editor: Nea             Chief Editor: Sunnie         General in Chief/Executive Producer: Nicole             Translator: Thangnyth

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