Cambodia Investment Review
DFDL Cambodia, in collaboration with Impact Hub Phnom Penh, is set to host an event focused on the essential process of business registration for Micro, Small, and Medium-sized Enterprises (MSMEs) in Cambodia. Scheduled for September 13, 2024, at Raintree Cambodia, this event aims to provide attendees with comprehensive insights into the legal and tax aspects of formalizing their businesses, particularly for MSMEs, which play a critical role in the country’s economic development.
Insights from DFDL Cambodia’s Experts
The event, titled “Updates on Business Registration for Micro, Small, and Medium-sized Enterprises (MSMEs),” will feature a lineup of experienced consultants and professionals from DFDL Cambodia, including Senior Consultant Samnangvathana Sor, Business Development & Consultant Julie Keo, Tax Partner Vajiravann Chamnan, and Senior Accounting Manager Vattanakpagna Chhun.
Samnangvathana Sor emphasized the importance of understanding the available forms of business registration in Cambodia. “Choosing the right registration type is crucial for compliance, especially for SMEs,” she said. “Our session will guide participants through navigating the registration process with the relevant authorities and adhering to ongoing corporate compliance requirements.”
Julie Keo, who plays a pivotal role in business development at DFDL Cambodia, highlighted the significance of MSMEs in Cambodia’s economic landscape. “MSMEs are the backbone of economic growth in Cambodia, driving innovation and job creation,” Keo stated. “This event is designed to equip entrepreneurs and startups with the knowledge they need to navigate challenges and seize opportunities, ensuring they can scale up and thrive in an increasingly competitive market.”
Addressing Legal, Tax, and Accounting Aspects
The tax implications of business registration will be covered by Vajiravann Chamnan, who stressed the need for SMEs to stay compliant with tax regulations. “Understanding the tax landscape is essential for staying compliant and taking full advantage of available incentives,” Chamnan said. “Keeping updated on tax regulations and utilizing available resources can significantly enhance business operations and growth, while also managing future tax risks.”
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Vattanakpagna Chhun will address the accounting aspects of business registration. She pointed out the necessity of maintaining transparent financial reporting for compliance and strategic planning. “Insightful accounting reports are crucial for navigating a company’s financial journey,” Chhun explained. “These reports not only help in regulatory compliance but also support strategic planning, allowing businesses to manage risks, seize opportunities, and steer toward sustained success.”
In addition to the informative sessions, the event offers a valuable opportunity for one attending business to win a mentorship with DFDL’s team. The selected business will receive pro bono support from DFDL’s legal and tax advisors, including personalized advice on business structures and strategies.
The event will run from 8:30 AM to 12:00 PM, and tickets are priced at $10, with a limited number of seats available. Coffee breaks will be provided during the event to facilitate networking among attendees.
For registration and more details, interested participants can visit the provided link or contact DFDL Cambodia via email at mailto:event.cambodia@dfdl.com.
