Cambodia 2nd phase of business registration system up

The Royal Government of Cambodia (RGC) on September 1 deployed Phase II of its online business registration platform, known as the “Single Portal”.


Four new agencies have joined the Single Portal in Phase II, adding more classes of business licences and permits available for application on the platform, with an emphasis on priority sectors, in a bid to support national economic growth during the Covid-19 crisis.


These agencies are the Non-Bank Financial Services Authority’s Real Estate Business and Pawnshop Regulator (REBPB), and the industry, tourism and telecoms ministries, Minister of Economy and Finance Aun Pornmoniroth noted during the launch ceremony for Single Portal Phase II.


He said the updated Single Portal system aims to improve the business and investment environment in order to enhance Cambodia’s competitiveness, and is tailored to economic sustainability amid Covid-19, as part of a wider push to digitalise public services.


“The launch Single Portal Phase II clearly epitomises the Royal Government’s reforms to improve the business and investment environment in Cambodia, which have achieved the planned results,” he said.


The addition of the industry ministry would boost registrations of small- and medium-sized enterprises, and the incorporation of the REBPR would raise the number of real estate and pawnshop businesses, he said.


“As in Phase I, application for a licence or permit in Phase II can be made entirely online at www.registrationsevices.gov.kh,” he added.


As of August 24, the number of companies registered through Single Portal was 7,715, with a total capital of nearly $3 billion, he said.


 


Author: Thou Vireak


Source: The Phnom Penh Post


For full article, please read here


Original publication date: 01 September 2021

September 02, 2021