Cambodia

Investment & Operational Criteria

Key Indicators

Risk Premia

7.500

%

Outlook

Neutral

Rating

CC|3S|±

Ranking

83

Reserves (1P)

Total

mm boe

Oil

0

%

Summary

While the fiscal regime remains one of the more simple, and easier to navigate, there is a concern that the limited O&G production will be squeezed for more revenue. Nevertheless, this is reflected in the higher discount rate, but Outlook Neutral.

Updated

June 16, 2021

Country Basics

Region

Asia - South East

Reserves (1P)

Oil

mm bbl

Gas

bcf

Location

CambodiaCambodia

South eastern Asia, bordering the Gulf of Thailand, between Thailand, Vietnam, and Laos.

Outline

Tax Regime
Type

Multiple (PSC/Concession)

Tax Regime
Notes

In Cambodia, the oil and gas fiscal regime is classified as the Real Regime System of Taxation (a self-assessment system). An additional tax on excess income also applies and this tax is based on an excess accumulated income to accumulated expense ratio

Investment & 
Operational
Climate

Cambodia has an open and liberal foreign investment regime and actively courts FDI. The primary law governing investment is the 1994 Law on Investment. The government permits 100% foreign ownership of companies in most sectors. In a few sectors, such as cigarette manufacturing, movie production, rice milling, gemstone mining and processing, publishing and printing, radio and television, wood and stone carving production, and silk weaving, foreign investment is subject to local equity participation or prior authorization from authorities. There is little or no discrimination against foreign investors either at the time of initial investment or after investment. Some foreign businesses, however, have reported that they are at disadvantaged vis-a-vis Cambodian or other foreign rivals that engage in acts of corruption or tax evasion or take advantage of Cambodia’s poor regulatory enforcement.

Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.

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Asia - South East

Countries

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