BritCham Cambodia

BritCham Thailand Friday 26th September Four Seasons Hotel, Bangkok

BritCham Cambodia

1996 Established as the British Business Association of Cambodia (BBAC)

BiSEA Member (Reciprocal Memberships) 2010 Registered as a ‘Chamber’ in Cambodia 2011 Founding Member of EuroCham Cambodia 2014 UKTI OBN Grant approved and started 2015 Start BCC Accreditation Process

Managing the Chamber

8 Elected Board Members 1 Full Time Executive Director 1 Full Time Office Manager (2015) Committees:

Events, Membership, Finance, MarComs, UKTI

Advisory Board: Former Board members, local dignitaries, et cetera

Membership

125 Chamber members 80% Corporate members Extended Network of over 500 people BritCham Cambodia communicates with its members

and network via: Monthly Newsletter, Website, LinkedIn Group, FaceBook

Page, Twitter, and in person at all events

Within Cambodia

BritCham Office is based within the British Embassy MoU for a reciprocal relationship signed with the

Cambodian Chamber of Commerce for events and information sharing

Close working relationship with other National Chambers (AmCham, AusCham, InCham, IBC, et cetera)

Events

Events

A mixture of, Business Briefings, Networking Events, Social Events, Family Events, Women's Events

Monthly Breakfasts, Lunches, or Dinners Annual, Family Day, Team Challenge Days, Pub

Quiz Challenge, Speed Networking

Services

Reduced entry fees to events

General enquiry Business Introduction

Business Referral Headstart services Touchdown service

Trade Missions Members Database BritCham Members Events

Market Research Expatriate and Local Networks

Advance access to reports, articles and notices

The Cambodian Market

Population around 15 Million people GDP at US$ 15.25B (2013)

Exports US$6.78B (2013) clothing, timber, rubber, rice, fish, tobacco, footwear

Imports US$8.89B (2013) petroleum products, cigarettes, gold, construction

materials, machinery, motor vehicles, pharmaceutical

Cambodian Population

Main Market Sectors

Garments and Shoes Tourism Construction Agriculture

Cambodian Exports

Garments and Shoes

Garments and Shoes

The garment industry currently employs more about 600,000 people and accounts for over 70% of Cambodia's total exports

In the first six months of 2014 the sector saw exports of US$2.92B - a 16% increase in exports from the same period in 2013

Tourism

Tourism

2.54 million international visitors in the first seven months of 2014, up 4.5 percent compared to the same period last year

2013 saw a total of US$2.5B in Tourism receipts

Construction

Construction

1,641 projects were approved, covering an area of 7.5 million square metres, with a value of US$2.8B in 2013, an increase of 31% year-on-year.

Agriculture

Agriculture

Main exports rice, rubber, corn, vegetables, cashews, cassava

(manioc, tapioca), silk

Main imports tobacco, sugar, beer ingredients/products, food wastes,

salads

Doing business in Cambodia

Dollarised Economy 100% Foreign Owned Companies permitted No Capital Controls on inflows and outflows Favourable Tax Regime (Caped at 20%) Registered capital for new company: US$1,000 Registration process should take under three months Registration should cost less than US$2,000

Tax on Profit:

20% for the profit realised by a legal person. 9% for the profit of Qualified Investment Project

(CDC approved) to be entitled to the 5 year transitional period

0% on profit of Qualified Investment Project during the tax exemption period as determined by CDC.

According to the progressive tax rate by tranche for the table below for the profit realized by the physical person:

Profit Tax

Annual Profit Tax% US$FX reil US$ % Payable

4000r = US$1 6,000,000 1,500 0% -4000r = US$1 15,000,000 3,750 5% 188 4000r = US$1 102,000,000 25,500 10% 2,550 4000r = US$1 150,000,000 37,500 15% 5,625 4000r = US$1 150,000,001 37,500 20% 7,500

Questions ?

Darren Conquest Chairman@BritChamCambodia.org

Olivia Widen ExecutiveDirector@BritChamCambodia.org

www.BritChamCambodia.org