Evaluation of country risk
The possibility of entering Cambodia with a business venture
The policy makers, business leaders (and business organizations), opinion-leaders, NGOs, international and regional organisations, Chambers of Commerce etc. that can provide useful strategic contacts, networking, and communication
Arguments in favor of starting up business in Cambodia
Arguments concerning the political risk and stability of the business environment
1.A UNDP funded discussion paper in cooperation with the Supreme National Economic Council and Harvard’s John F. Kennedy School of Government. A SWOT analysis of the Cambodian economy // URL: http://www.slideshare.net/tirk_tnot/a-s-w-o-t-analysis-of-the-cambodian-economypdf
2.Cambodia – European community. Strategy paper for the period 2007-2013 // URL: http://eeas.europa.eu/cambodia/csp/07_13_en.pdf
3.Cambodia population / Index mundi // URL: http://www.indexmundi.com/cambodia/population.html
4.Cambodia: adjustment or instability? Interagency conflict assessment // URL: http://global.wisc.edu/peace/readings/supplemental-ricigliano-cambodia.pdf
5.Cambodia’s macroeconomic situation // URL: http://naroneconomics.wordpress.com/cambodias-macroeconomic-situation/
Показать всеd Factbook // https://www.cia.gov/library/publications/the-world-factbook/geos/cb.html
7.Craig Guthrie. The end if NGO era in Cambodia / Asia Times Online. November 14, 2008 // URL: http://www.atimes.com/atimes/Southeast_Asia/JK14Ae02.html
8.David Haskel. Establishing a business in Cambodia // URL: http://www.hg.org/article.asp?id=4829
9.Ease of doing business in Cambodia // URL: http://www.doingbusiness.org/data/exploreeconomies/cambodia/
10.Evan Gottesman. Cambodia after the khmer rouge. Inside the politics of nation building // URL: http://yalepress.yale.edu/yupbooks/pdf/0300089570.pdf?winOpen=true
11.Human Development Index // URL: http://hdrstats.undp.org/en/countries/profiles/KHM.html
12.Kang Sovannara, John Mccullough. Factors influencing joint venture performance in Cambodia // URL: http://www.freepatentsonline.com/article/International-Journal-Business-Strategy/243876910.html
13.Nott Rama Rao. Regional event. Using data in evidence – based decision making. Launch of Devinfo version 6.0 in Asia and Pacific Session 2.3. Demographic transition in Cambodia // URL: http://www.unescap.org/stat/di6launch/session2.3-UNFPA-Cambodia.pdf
14.Prime Minister Samdech Hun Sen claimed that the non-governmental organizations Law will not block the freedom of non-governmental organizations / The mirror. Vol. 13 №640 25.11.2009 // URL: http://www.cambodiamirror.wordpress.com/2009/11/25/prime-minister-samdech-hun-sen-claimed-than-the-non-government-organizations-law-will-not-block-the-freedom-of-non-government-organizations-wednesday-25-11-2009/
15.RosBphana, Y Symphy. A quick guide to doing business in Cambodia // URL: http://negotiation.pbworks.com/w/page/5559040/Introduction
16.Russel R. Ross. Cambodia: a country study. Washington: GPO for the Library of Congress, 1987 // URL: http://countrystudies.us/cambodia/
17.Simon Chesterman. Resolving territorial disputes: Cambodia – Thailand, the South China Sea and the role of international law // URL: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1858758
18.Simon Marks. Cambodia is hard sell for investment companies / The New York Times. June 29, 2010 // URL: http://www.nytimes.com/2010/06/30/business/global/30rdbseacam.html?_r=1
19.Starting business in Cambodia // URL: http://www.doingbusiness.org/data/exploreeconomies/cambodia/starting-a-business Скрыть
Both countries stand for temple in Preah Vihear. The temple is situated on the territory of Cambodia but is important for religious society of Thailand. The given countries hold negotiations on making a regime which would allow thai people attend the temple.Nowadays political situation in Cambodia is stable and is founded on a culturally rooted, but modern version of a “patron-client” relationship. Cambodia is at a crossroads in the short to medium term. Even within a difficult global economic climate, it is possible for the leadership to reorient the country in ways that reduce patronage and corruption, diversify the economy and make more investments in social services and social welfare while still maintaining a strong state (a “Green Scenario”). It is also possible that Cambodia’s lead
Показать всеership will try to muddle through by avoiding significant reforms, which will significantly increase the risk of violence (“Red Scenario”). One of the main Cambodian problems is lack of properly working institutions which could support ones who would like to start up business. Bureaucratic system though is developed much and as a result system there exist system of giving and taking bribes which works properly.Another problem which can face the one opening business is Asian mentality which differs much to western one. The possibility of entering Cambodia with a business ventureCambodia today is open for business ventures and starting business is not a problem.There are still a lot of factors which stop Europeans and Americans from starting business in Cambodia. The situation with legal registration of the firm is difficult because of bureaucracy very much spread in Cambodia. Still there is a system of bribes operating in Cambodia.The most popular business being started in Cambodia are hotel and restaurant businesses.In order to start business in Cambodia one should:Deposit the legally required initial capital in a bank and obtain deposit evidence;Check the uniqueness of the company name;Have an abstract of the company organization documents (bylaws, memorandum, and articles of association) published in a recognized public newspaper;Incorporate the company with the Commercial Register, maintained at the Office of the Clerk of the Commercial Court;Make a company seal;Have registration documents stamped and approved by Phnom Penh Tax Department;Register the company for VAT and patent at the Real Regime Tax Office;Notify the Ministry of Labor of the start of operations and hiring of employees;Receive inspection from Labor Inspector;According to International Finance Corporation working together with the World Bank in the last two years situation in Cambodia in the sphere of starting up business hasn’t changed much. In 2011 the given corporation ranked Cambodia in the category “Ease of doing business” 170 out of 183 countries. In 2012 the rank is 171. The situation with the following issues is the following:Topic rankingsDB 2012 rankDB 2011 rankChange in rankStarting a business1711701Dealing with construction permits149150+ 1Getting electricity130130No changeRegistering property110111+ 1Getting credit98962Protecting investors79745Paying taxes54513Trading across borders120120No changeEnforcing contracts1421411Resolving insolvency149150+ 1One of the main economic challenges for Cambodia nowadays is fashioning an economic environment. Starting the business in the given sphere is favorable for Cambodia as it can be one of solutions for lessening unemployment rate. Though it is hard to find professional workers as more than 50% of the population is less than 21 years old and the population lacks education.The policy makers, business leaders (and business organizations), opinion-leaders, NGOs, international and regional organisations, Chambers of Commerce etc. that can provide useful strategic contacts, networking, and communicationThe traditional private equity strategy of buying out and investing in profitable, pre-existing businesses is rarely an option in Cambodia. The biggest range of opportunities are the businesses that have not started yet. Скрыть
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