This is probably true, unless you needlessly start filing all kinds of paperwork that will force them to take an interest.starkmonster wrote:If you are not doing business in Cambodia then the authorities stay out of your way.
That is not always true. Once I was toying with an idea that I actually never executed, but while playing with the idea, I registered for a https://www.2checkout.com and an https://www.okpay.com merchant account, from Cambodia, mentioning my Cambodian address. It was no problem at all. I was perfectly able to collect credit cards online with those.starkmonster wrote:Banking - you can't get merchant bank accounts and access to credit card payment gateways as a Cambodian company. You will need to be registered elsewhere. Remote banking is a pain.
I did not even do that as a registered company, but just as an individual. I suspect that it worked better that way anyway. You see, that is absolutely normal. If you come with Cambodian paperwork, these gateways, which are always located somewhere else, are not necessarily impressed. With a few notable exceptions, you'd better use Cambodian paperwork only within Cambodia.
But then again, nowadays I've moved on to working with bitcoin. On the whole, I am quite happy with that. All I need to do, is to give the client an address that looks like this:
1Lun5Xue2proHm9Pp4oKwznjDeiQeVLsP1
A few seconds later, the money will have arrived.
The problem in Cambodia, however, is that there is no sizeable local bitcoin exchange marketplace. So, I end up selling the bitcoins for dollars or euros in other countries and wiring internationally anyway. Bitcoin is still a good solution to the problem of banks refusing some customers and accepting others. Banks and credit card companies also have too much of a grip on the underlying transactions. You can entirely avoid that problem with bitcoin.