Article 1: This Law governs all investment projects made by investors who are Cambodian citizens and/or foreigners within the Kingdom of Cambodia.
Article 2: Investor can be either a natural person or a legal entity.
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SUB-DECREE
ON
THE AMENDMENT OF THE SUB-DECREE ON THE IMPLEMENTATION
OF THE LAW ON INVESTMENT OF THE KINGDOM OF CAMBODIA
No. 88 ANKR.BK DATED DECEMBER 29, 1997
Article 1: Article 23 (Obligations of investment enterprises) of the Sub-decree No. 88 ANKR.BK on the implementation of the Law on Investment of the Kingdom of Cambodia, shall be amended as follows:
Para 23.3(a): Other information requirements: The investment enterprises
shall provide on a quarterly basis to the Council, the Tax Department and the customs Department, the following:
Para 23.3(b): A detailed list of effectively imported goods serving the production and a detailed list of exported products of the investment project.
Article 2: Part A and Part B of the first schedule of the Sub-decree No. 88 ANKR.BK dated December 29, 1997 on the implementation of the Law on Investment of the Kingdom of Cambodia shall be amended as follows:
- Part A of the first schedule (list of investment sectors to which incentives shall apply) shall be amended on:
• Point 6 (Manufacture of apparel and other textiles): The investment capital shall be amended to greater than US$ 1,000,000. (One million US dollars)
• Point 7 (Manufacture of furniture and fixtures): The investment capital shall be amended to greater than US$ 1,000,000. (One million US dollars)
• Point 9 (Manufacture of chemicals & allied products): The investment capital shall be amended to greater than US$ 1,000,000. (One million US dollars)
• Point 12 (Manufacture of fabricated metal products): The investment capital shall be amended to greater than US$ 1,000,000. (One million US dollars)
• Point 15 (Highway & Bridge Construction): Shall be amended and extended to “Construction of physical infrastructure, including electricity production and clean water production”
• Point 16 (Exploitation of minerals, ore, coal, oil and natural gas): Shall be removed from the Sub-decree.
• Point 17 (Production of machineries and industrial equipment): The investment capital shall be amended to greater than US$ 1,000,000. (One million US dollars)
• Point 18 (Production of consumption goods): Shall be removed from the Sub-decree.
- Part B of the first schedule (List of investment sectors to which incentives shall not apply) shall be amended to include two new points:
• Point 9: “Telecommunication services”
• Point 10: “Exploitation of natural resources, except oil and natural gas exploration”.
Article 3: Part A and Part B of the second schedule of the Sub-decree No. 88 ANKR.BK dated December 29, 1997 on the implementation of the Law on Investment of the Kingdom of Cambodia shall be amended as follows:
- Part A: After the last paragraph, a sentence shall be added: The types of Investment mentioned in Point 1 to Point 5 shall not include exploitation of natural resources except oil and natural gas exploration.
- Part B: Point 5 shall be amended as follows: Raw materials and intermediate goods used directly in the production process except all kinds of fuel, lubricants and other petroleum products.
Article 4: Any previous provision contrary to this Sub-decree shall be considered null and void.
Article 5: The Minister in charge of the Office of the Council of Ministers, the Minister of Economy and Finance, the Council for the Development of Cambodia and all concerned ministries and institutions shall implement this Sub-decree from the date of its signature.
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