Kingdom of Cambodia

Nation Religion King
 

Royal Government of Cambodia
Council for the Development of Cambodia
No. 2767/99 CDC                                                                                                   Phnom Penh, November 30, 1999 

PRAKAS

Senior Minister
Minister of Economy and Finance
Vice-Chairman of CDC

• With reference to Constitution of the Kingdom of Cambodia;

• With reference to Preah Reach Kret No. NS/RKT/1198/72 of November 30, 1998 on the Formation of Royal Government of Cambodia;

• With reference to Preah Reach Kram No. 02/NS/94 of July 20, 1994 promulgating the Law on Organization and Functioning of the Council of Ministers;

• With reference to Preah Reach Kram No. 03/NS/94 of August 05, 1994 promulgating the Law on Investment of the Kingdom of Cambodia;

• With reference to Anukret No 51/ANK/BK of June 26, 1995 on the Organization and Functioning of the Council for the Development of Cambodia and the Amended Anukret No 48/ANK/BK of May 21, 1999;

• With reference to Anukret 88/ANK/BK of December 29, 1997 on the Implementation the Law on Investment of the Kingdom of Cambodia;

• With reference to Anukret 53/ANK/BK of June 11, 1999 on the Amendment of Anukret No 88/ANK/BK of December 29, 1997.

It Is Hereby Decided 

Article 1:   Investment project which has been approved by CDC but without investment incentives shall not be required to pay application approval fee however the paid application fee shall be considered as State’s revenues. 

Article 2:   Application for project expansion in accordance with the criteria as listed in the annex attached herewith shall be subject to the following application fees which shall be considered as State’s revenues:

• For investment project less or equal to US$1,000,000.00 (One million US Dollars)

• One hundred (US$100) US Dollars at the time of application.

• Five hundred (US$500) US Dollars upon investment project approval. 

• For investment project exceeding US$1,000,000.00 (One million US Dollars)

• Two hundred (US$200) US Dollars at the time of application.

• One thousand (US$1,000) US Dollars upon investment project approval.

Article 3:  The Ministry of Economy and Finance, the CDC/CIB, and other Departments under its control shall be respectively responsible for the effective implementation of this Prakas from the date of its signature.
 

                                                                                                                      Senior Minister
                                                                                                        Minister of Economy and Finance  
                                                                                                        and acting Vice-Chairman of CDC

                          
                                                                                                                      Keat Chhon

ANNEX OF PRAKAS NO. 2767/99 CDC DATED NOVEMBER 30, 1999 

Investment Projects which are considered as project expansion shall be those which meet the following conditions: 

1.    The expansion site can the existing site or a new site.
2.    The existing investment project has already been operated at least 80% of its exiting capacity.
3.    The production expansion is aimed at increasing the production capacity of the type of items already approved by        CDC.
4.    The capital used for expansion shall exceed 25% of the actual operating capital.
5.    The expansion application shall include the following forms:
Form CIB 01E
A feasibility study summarizing the market scope, financial aspects, and production moda, etc…