{"id":22518,"date":"2016-08-10T19:03:02","date_gmt":"2016-08-10T12:03:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/for-singaporean-investors-theres-no-place-like-cambodia\/"},"modified":"2016-08-10T19:11:02","modified_gmt":"2016-08-10T12:11:02","slug":"for-singaporean-investors-theres-no-place-like-cambodia","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/for-singaporean-investors-theres-no-place-like-cambodia\/","title":{"rendered":"For Singaporean investors, there\u2019s no place like Cambodia"},"content":{"rendered":"


\nWith a foreign investment regime more open than many ASEAN nations, Cambodia has become the place to be for Singaporean investors
\nWith its open, liberal FDI policies, Cambodia is luring Singaporean investors. Image credit: Dmitry A. Mottl (Wikimedia Commons)
\nCambodia has become the fulcrum of attention for Singaporeans in a broad spectrum of sectors, ranging from manufacturing and agriculture to real estate, The Phnom Penh Post reports.
\nCambodia\u2019s relatively loose regulations on foreign shareholding (100 percent foreign ownership of companies) and brisk clip of economic growth (more than 7 percent per annum for most of the last decade) have attracted Singapore to become the third largest investor in the Khmer Kingdom next only to China and the UK, according to The Council for the Development of Cambodia.
\nTo many Lion State investors, the chance to start from a clean slate in such a country as Cambodia is manifest, especially for some property firms. \u201cWe\u2019re bringing in concepts from Singapore that are new here and transforming (the urban landscape),\u201d Jackie Eng, CEO of diversified real estate company SC Capital, told The Phnom Penh Post. \u201cWe have an opportunity here in Cambodia to do what we can\u2019t do in Singapore.\u201d
\nSingapore\u2019s Oxley Holdings has two residential projects in Cambodia, the Bridge and the Peak. Huttons Real Estate Group also opened in Phnom Penh last year.
\nMore: Meet Cambodia\u2019s first \u2018Real Estate Personality of the Year\u2019
\nTan Soon Kim, assistant chief executive of government agency International Enterprise Singapore, said that the non-existent caps on foreign shareholding in Cambodia is a rare draw in the Southeast Asian region. \u201cThis gives foreign investors greater flexibility in their mode of entry (and) is one aspect that we have highlighted when promoting Cambodia to Singaporean investors,\u201d he said.
\nSingapore Business Federation CEO Ho Meng Kit also commends Cambodia\u2019s uniquely open foreign investment regime. \u201cThe liberal FDI policies in Cambodia, together with competitive labour costs, compensate to a large extent for the small size of the market and poor infrastructure,\u201d he said.
\nSingaporean businesses would also find added incentive in the recently signed Double Taxation Agreement (DTA) between Cambodia and Singapore, which minimises double taxation of income flows from cross-border investments.
\nRead next: Could Cambodia\u2019s southern coast be Asia\u2019s next resort hot spot?
\n
\nSource : property-report.com
\nRead more…For Singaporean investors, there\u2019s no place like Cambodia<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With a foreign investment regime more open than many ASEAN nations, Cambodia has become the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-22518","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5Rc","jetpack-related-posts":[{"id":23829,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-phnom-penh-at-risk-of-growing-too-fast\/","url_meta":{"origin":22518,"position":0},"title":"Is Phnom Penh at risk of growing too fast?","date":"August 24, 2016","format":false,"excerpt":"\r With developers eager for a slice of Phnom Penh pie, is the city\u2019s growth spurt too quick? 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