The following is a framework to allow foreigners for legitimately buying property in Cambodia through Abode Real Estate:

Background – Cambodia law

There are five options for foreigners to buy property in Cambodia:

  1. Forming a Company in Cambodia with a Cambodian Citizen (>50% Cambodian shareholding)
  2. Obtaining Cambodian citizenship via investment in Cambodia or by marriage
  3. Buy property with a Cambodian citizen’s name and putting protective measures in place (such as hypothee or long term lease)
  4. Long term rental
  5. Purchase of strata-titled / condo property

The Cambodian government unveiled new ownership laws in co-owned buildings in 2010:

  • Foreigners cannot own ground floor properties
  • Total foreign ownership of private units must not exceed 70%
  • Does not apply to properties <30km of national borders (some exceptions e.g. SEZ)
 
Background – Abode Real Estate

Abode, established in December 2020, is a Khmer-owned real estate company offering quality property in Cambodia.

  • Evaluations to ensure each property is marketed right the first time
  • Basic legal advice/referral (to help you with foreign ownership laws)
  • Information to help you explore Phnom Penh safely and meaningfully

We understand buying, selling and renting property requires finesse. It is an important decision and we take pride in understanding your needs, explore all options and cross-match properties accordingly.

 

Service Agreement

A ‘Service Agreement’ would enable holding of shares for property ownership/control:

  • Real Estate / Investment strategy services
  • Includes an upfront (non-refundable) payment
  • Built-in checking mechanism for payment of taxes and other legal obligations
  • The contract automatically ceased if non-payment
  • Property purchased under Abode and shared with buyer
  • Unanimous agreement of all shareholders required to sell or modify the property

 

Shareholder Agreement
  • Company established to enable shareholding structure (approx. cost $2,500)
  • Monthly tax-filing services
  • Land tax is a company liability (0.01%)
  • Mortgage could be established on the property (condos only)
  • Property owned 51% by holding company / 49% by a foreign owner
  • 100% shareholder resolution required to sell/modify the property

About Cambodian real estate

Frequently asked questions