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Cambodia: Online biz registration system adds new features
The Online Business Registration System (Single Portal) under the Ministry of Economy and Finance added new features to improve the user experience and make it easier for businesses to register.
Three functions have been added to the single platform which was launched in June 2020, according to a press release.
The updated Single Portal will allow companies and enterprises that have been registered with the Ministry of Commerce but have not yet been registered for tax, or have been registered for tax but have not been registered with the Ministry of Commerce, to complete the remaining registration procedures on the system.
It will request to transfer management rights of companies/enterprises information from one CamDigiKey account to another CamDigiKey account. The first application will be free of charge.
The Online Business Registration System will also request correct company/enterprise information for submitted applications that have been returned, by allowing to correct only information that does not affect the form of company/enterprise and the paid fee.
It said that after the official launch of the Online Business Registration System operated through Cambodia Data eXchange (CamDX) in June 2020, the system is gradually expanding its scope from business registration to the issuance of sector-based licenses, permits, and certificates.
As of May 28, 2023, there are 25,612 registered companies/enterprises through the system which amount to $7.58 billion of capital investment.
Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, has said that the new system cut down on complex procedures, repetition of information, lost time and the cost of the old process.
All registrations are automatically shared with the relevant ministries and institutions for review and approval, ensuring that all departments are kept in the loop, he added.
Source: https://www.khmertimeskh.com/501299918/online-biz-registration-system-adds-new-features/