britcham cambodia presentation to britcham thailand (darren conquest)
TRANSCRIPT
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BritCham Cambodia
BritCham Thailand Friday 26th September Four Seasons Hotel, Bangkok
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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
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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
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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
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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)
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Events
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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
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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
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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
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Cambodian Population
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Main Market Sectors
Garments and Shoes Tourism Construction Agriculture
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Cambodian Exports
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Garments and Shoes
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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
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Tourism
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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
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Construction
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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.
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Agriculture
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Agriculture
Main exports rice, rubber, corn, vegetables, cashews, cassava
(manioc, tapioca), silk
Main imports tobacco, sugar, beer ingredients/products, food wastes,
salads
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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$2,000
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Tax on Profit:
20% for the profit realised by a legal person. 9% for the profit of Qualified Investment Project
(CDC approved) to be entitled to the 5 year transitional period
0% on profit of Qualified Investment Project during the tax exemption period as determined by CDC.
According to the progressive tax rate by tranche for the table below for the profit realized by the physical person:
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Profit Tax
Annual Profit Tax% US$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
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Questions ?
Darren Conquest [email protected]
Olivia Widen [email protected]
www.BritChamCambodia.org