Lawyer for Incorporation
Lawyer for Incorporation
Apologies in advance, since I know this has been asked before, but I've sent out a few PMs, contacted some of the lawyers mentioned in this forum elsewhere through email, and came up with nothing.
Does anyone know of a lawyer who can incorporate a small business for around $1,500? Thank you.
Does anyone know of a lawyer who can incorporate a small business for around $1,500? Thank you.
first you will need a notary or an agency and a notary not a lawyer, lawyers are not of much use in this country.
depending on which kind of company you want to open, cost and deposit requirements vary.
if you need it all sorted out easily you can drop me a pm with some details or a phone number and i will see what can i do for you.
depending on which kind of company you want to open, cost and deposit requirements vary.
if you need it all sorted out easily you can drop me a pm with some details or a phone number and i will see what can i do for you.
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- Wun Gwo Pee
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jackrossi wrote:first you will need a notary or an agency and a notary not a lawyer, lawyers are not of much use in this country.
depending on which kind of company you want to open, cost and deposit requirements vary.
if you need it all sorted out easily you can drop me a pm with some details or a phone number and i will see what can i do for you.
Utter bollocks from 440's resident self-appointed business expert.
There are numerous foreign-oriented firms capable of doing this kind of work. Contact Lucas Vosch at VDB Loi or Chris Robinson at DFDL. This is their bread and butter and they do it daily.
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- Making Khmer girls cry since 2003
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I didn't know that the foreign firms' bread and butter is handling cases for $1500. Perhaps Scobienz can confirm.
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Run of the mill work like company registrations, market entry reports etc are invariably done on a commoditised basis, handled largely by local junior staff but quality controlled by expats. It's just standard work that requires no particular legal skills - it's just process and compliance. A bunch of hours by a junior local lawyer filling in documents, some fees to be paid, some quality control by a more expensive suit. Big deal.
Of course the firms will also be doing larger M&A projects, conflict resolution, PPPs etc and that's the really sexy work, but no firm will turn down company registrations, largely because it can often lead to bigger projects from the same client in future.
A typical firm will have 80 per cent of its clients generating less than 20% of its revenues. In SEA that means a lot of clients being billed less than $2000 per annum. Of course, at the other end of the scale there were clients who were billed half a million or more, and numerous six figure clients.
Good practice management is about getting the balance right; easy bill churn clients versus higher maintenance high billing clients.
Of course the firms will also be doing larger M&A projects, conflict resolution, PPPs etc and that's the really sexy work, but no firm will turn down company registrations, largely because it can often lead to bigger projects from the same client in future.
A typical firm will have 80 per cent of its clients generating less than 20% of its revenues. In SEA that means a lot of clients being billed less than $2000 per annum. Of course, at the other end of the scale there were clients who were billed half a million or more, and numerous six figure clients.
Good practice management is about getting the balance right; easy bill churn clients versus higher maintenance high billing clients.
Lawyers have no relevance in the process if business incorporation, under cambodia law it is not their competence. This is not the USA. If you talk about a "we do it all" firm than they will take your case give it a look call their affialated notary or ministry friend and drop the case to him. Than proceed to charge you a couple of grands for the service on top of inflated secondary fees and the government fee.alanclarke72 wrote:
Utter bollocks from 440's resident self-appointed business expert.
There are numerous foreign-oriented firms capable of doing this kind of work. Contact Lucas Vosch at VDB Loi or Chris Robinson at DFDL. This is their bread and butter and they do it daily.
If you want the easy route just go to the European chanber of commerce and they will happily do it for you for a high fee as well.
As for alanclarke72 you likely never even read the law regarding this topic on which you are definitely ignorant.
You are so far away to comprehend the details of business incorporation that it is laughable.
The guy wants his business incorporated cheaply and effectively, best way to do it just go directly to the ministry with help from a notary or a friendly ministerial staff. If he needs a real regime company.
Also even if he didnt specify which company he wants if you think that those companies you mentioned will charge only 1500$ all included you are dreaming.
They will register for him a real regime if taxation company from the getgo which will be a pain in the ass,
but they will get plenty of extra work because such businesses require accounting services done by people holding a specific govt. license that surely they know or hire.
Before recommending the best route i would need more details but rest assured that thise big firm will not let you register an estimate regime of taxation company which is so much easier to manage and pays little to no tax as well as no VAT.
Try to ask them, they will say "sorry we cant" they will tell you that that is reserved to local people or that is not their competence.
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- Wun Gwo Pee
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Sorry jackieboy, but if you were such a knowledgeable consultant toting for business you would know that there is now only one tax regime in Cambodia, and that the Estimated regime was abolished earlier this year and that all business with an expected turnover of $5000 per month or over are now required to do those nuisance things like file accounts, pay taxes etc.
As for your final comment, the big law firms here use 'local people' to do these registrations and have significantly better contacts in the ministries than you will ever dream of.
As for your final comment, the big law firms here use 'local people' to do these registrations and have significantly better contacts in the ministries than you will ever dream of.
False, analclarke.
The estimate regime is still alive and kicking 90% of business in cambodia are under the estimate regime.
The goverment made some lukewarm attempt to reduce the number of estimate regimes but the law has many exceptions.
Even a large private hospital can be registered under the estimate regime, if you have the balls to take it i can bet you 50 grand.
If you take the bet i will schedule an appointment with the owner and have a notary or lawyer present.
The hospital will be incorporates this year and it is at 80% construction.
Regarding the turnover for certain business you correctly pointed out that a company can be required to became a real regime company, especially if you have no connections. The 5000$ limit is bollocks, it is completely up to the officials. I know over 15 business registered this year under the estimated regime all of them over 5k. Some very large and visible.
Real regime is necessarily mostly for export oriented companies, large factories and businesses that have to clear customs.
The law regarding the limits of estimated regimes has many holes in it, but i wont explain them to you for free.
Using local people is normal i have no issue with it, just the OP wont get his business registered that cheaply by an international firm. But he could save a sensible amount by going to a local specialist. Even i would charge more than that all included for a real regime company to be honest.
The estimate regime is still alive and kicking 90% of business in cambodia are under the estimate regime.
The goverment made some lukewarm attempt to reduce the number of estimate regimes but the law has many exceptions.
Even a large private hospital can be registered under the estimate regime, if you have the balls to take it i can bet you 50 grand.
If you take the bet i will schedule an appointment with the owner and have a notary or lawyer present.
The hospital will be incorporates this year and it is at 80% construction.
Regarding the turnover for certain business you correctly pointed out that a company can be required to became a real regime company, especially if you have no connections. The 5000$ limit is bollocks, it is completely up to the officials. I know over 15 business registered this year under the estimated regime all of them over 5k. Some very large and visible.
Real regime is necessarily mostly for export oriented companies, large factories and businesses that have to clear customs.
The law regarding the limits of estimated regimes has many holes in it, but i wont explain them to you for free.
Using local people is normal i have no issue with it, just the OP wont get his business registered that cheaply by an international firm. But he could save a sensible amount by going to a local specialist. Even i would charge more than that all included for a real regime company to be honest.
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- Wun Gwo Pee
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Sorry jack, but you're wrong, and if you are getting these things done then you are exactly as someone once described you to me - a rather shifty little Italian who wrongly thinks he knows a thing or two about business.
Here is the law. It was signed into effect on December 25th.
http://www.dfdl.com/resources/legal-and ... nuary-2016
Here is the law. It was signed into effect on December 25th.
http://www.dfdl.com/resources/legal-and ... nuary-2016
i dont know anyone that would describe me that way.
first i am not little so thanks for the movie reference
racist ass.
the law has several addendums and has been already partially redacted.
Anyway i see you wont take on my bet, come on put your money where you mouth is.
first i am not little so thanks for the movie reference
racist ass.
the law has several addendums and has been already partially redacted.
Anyway i see you wont take on my bet, come on put your money where you mouth is.
KCP Cambodia are a medium-priced foreign-run legal firm located on street 214.
You can ring Jay Cohen on 023-998 393 or 015 650 564.
You can ring Jay Cohen on 023-998 393 or 015 650 564.
Hey everyone, I'm still looking for a courier to help me with this. Thanks.
Jackrossi is right, at least about the estimated tax regime. Although it may no longer exist officially, the reality is that most businesses which were in the estimated regime before are still paying tax based on an estimate made by the same tax officers who they dealt with under the old regime. For most nothing has changed.
I know of small business owners who were advised to register as limited companies in preparation for the recent changes - better do it now before they catch up with you and force you to do it, they were advised. I expect they are now regretting it, especially when all those extra monthly bills come in such as witholding tax and accountancy fees.
I know of small business owners who were advised to register as limited companies in preparation for the recent changes - better do it now before they catch up with you and force you to do it, they were advised. I expect they are now regretting it, especially when all those extra monthly bills come in such as witholding tax and accountancy fees.
TheGrimReaper wrote: ↑Mon Sep 02, 2019 1:45 pmSlavedog, you do not belong on this forum as you talk too much sense.
- vladimir
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Fuck off alan, there is nothing shifty about jackrossi, and I suspect if you met him you'd hold your tongue and maybe piss in your pants, in true GA fashion.alanclarke72 wrote:Sorry jack, but you're wrong, and if you are getting these things done then you are exactly as someone once described you to me - a rather shifty little Italian
ירי ילדים והפצצת אזרחים דורש אומץ, כמו גם הטרדה מינית של עובדי ההוראה.
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