Cambodia Property Tax

Cambodia Property Tax

Cambodia has undergo drastic changes from an underdeveloped nation to a widely urbanized Kingdom with massive developments and improvements in Manufacturing, Real Estate, Tourism, Banking and Agriculture sectors. In fact, Cambodia has one of the fastest GDP growth in South-East Asia averaging 7% per year, and tourism has also hit record high of around 5 million tourists for the first 10 months of 2017, a 10 percent increase in foreign visitors from the same period in 2016 with tourists mainly from Asian countries.

Cambodia also has close ties with China and will be part of China's One Belt One Road Initiative that will bring in massive investments into improving its infrastructure and aids in its vision to becoming a middle-income country by 2030.

In terms of its property market, Cambodia has been hailed as one of South East East best property investment destinations. It is supported by Strong Economic Growth, Increasing Local and Foreign Direct Investments (FDI), a Rising Middle Class, Abundant of Strong and Young Workforce and Political Stability. The Cambodia property market demand and price has undoubtedly picked up strongly. Yet the Cambodia Property Tax still remains low and this creates a window of opportunity for investors who are looking for first mover advantage with High Capital Growth and Rental Yield. Foreigners are allowed to own properties in Cambodia on Freehold Basis and up to a max cap of 70% quota of any Condominium Developments.

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Overview of Cambodia Property Tax

We will be looking at some of the property taxes that investors are liable to pay when they invest in Cambodia Property.

To be continued at https://investintproperty.com/cambodia-property-tax/. Do like our post :)