8 July 2014
The
Ministry of Industry and Handicraft will introduce an online registration
platform for Cambodia’s small- and medium-sized enterprises (SMEs) this year.
Secretary
of state at the ministry said the new software for web registration was built
in partnership with the International Finance Corporation. A three-month pilot
project to teach businesses how to use it will commence later this year. He
also said SMEs with start-up capital of $3,000 or more would be able to
register using the new process, which will take businesses just two to three
days to complete.
According
to a 2011 government survey, only about 3.5% of the 505,000 SMEs in Cambodia
were registered with the government. Online registration was one of many
reforms being introduced for SMEs, to ensure they were competitive with ASEAN
economic integration looming in 2015.
The fee
for online registration has yet to be confirmed, but traditionally registration
fees have varied depending on a company’s start-up capital, with the smallest
businesses having to pay $13 to register.
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