Ministry of Economy and Finance (“MEF”) issued Prakas No. 089 SHV on 20 January 2020 on Management of Real Estate Development Business (“Prakas No. 089”)
Objective and scope
The objective of the Prakas is to define mechanisms, rules and procedures of management and control of real estate development business in the Kingdom of Cambodia. This Prakas is applicable to all the relevant activities of real estate development business in the Kingdom of Cambodia.
The Ministry of Economy and Finance is responsible for the management and control of a real estate development business.
The Ministry has a Department of Real Estate Business and Pawnshop, of the General Department of Financial Industry, as a general staff to perform its functions and duties.
The Capital/Provincial Department of Economy and Finance is in charge of coordinating and supporting the management and control of real estate development business at a capital/ provincial level as a general staff of the General Department of Financial Industry of the Ministry of Economy and Finance.
Business operations and license
License and permits
The licenses of housing development and co-owned building development issued by the Ministry, or the business permits issued by the Capital/Provincial Departments, which are under the provisions of this declaration, are divided into two categories as follows:
A license or business permit shall be granted for the only development location.
In the event that the housing development or co-owned building project is the only one and divided into many phases, the license shall be granted for each phase of such development project.
License and permit fee
The fees for licenses and business permits shall be determined based upon their categories and sizes as follows:
|Flat construction||1 flat||100.000 Riels/flat|
|Villa construction||1 twin villa||100.000 Riels/twin villa|
|1 single villa||200.000 Riels/single villa|
|Co-owned building construction||01-02 bedrooms||100.000 Riels/unit|
|03 bedrooms up||200.000 Riels/unit|
|Land parcel||Square meter||1.000 Riels/square meter|