Online Registration of Firms on the Rise

AKP Phnom Penh,Ministry of Commerce has updated that the number of private companies getting registered via newly introduced online process increased by 40 percent during nearly the first half of 2017, comparing to the same period last year � according to local media report.

The ministry's Head of Legal Affairs Department Mr. Om Dararith was cited by the report saying that every day between 30 to 40 companies and enterprises made online registration, mostly limited groups.

Ministry of Commerce on Dec. 29, 2015 issued an announcement for all existing firms � that had been registered manually � to get registered again through online process.

As part of the reform by the Royal Government of Cambodia, the introduction of online registration in order to promote transparency and save time for investors.

The new online registration process is going smoothly.

Source: Agency Kampuchea Press