The Kingdom of Cambodia, Preah Reacheanachak Kampuchea in Khmer, is a Southeast Asian nation, former French colony and member of the ASEAN. Located in Indochina, bordering the northwest with Thailand, the north with Laos, the east with Vietnam and the southwest with the Gulf of Thailand (Pacific Ocean). It has a population of just over 16 million inhabitants and its official language is the Khmer. Phnom Penh is its capital and its most populated city, with about 1.5 million of inhabitants. Its official currency is the Cambodian Riel (KHR) but the US Dollar is widely accepted.
Since 1999, after 30 consecutive years of wars, Cambodia’s economy has started to progress, reaching an average of more than 7 per cent growth per year, being tourism its main growth driving sector. Foreign investment has exponentially increased during last years, mainly from Chinese source. However, Cambodia currently still face development challenges, as it still has a poor infrastructure and a lack of education, specially in rural areas.
Its main industries are the garment, which accounts for 80% of the country’s exports, tourism, with more than 5 million visitors in 2016 (in 2001 were just over 1 million), and agriculture, being rice its main export commodity and to a lesser extent maize, cassava, sweet potatoes, groundnuts, soybeans and sesame seeds.
Flag Theory is constantly researching the best global locations to increase privacy, freedom and wealth. Below, you will find why and how to invest in Cambodia, its investment opportunities and banking options, how to set up a company and how to get residency, and even a citizenship in the Kingdom of Cambodia.