Special Economic Zones Of Cambodia
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Special Economic Zones Of Cambodia
Special Economic Zones of Cambodia are geographical areas within Cambodia's borders that have been specially designated by the government of Cambodia, national government in which business and trade regulations differ from those that apply to the rest of the country. Special economic zones, in general, are common in various economies around the world and are established to meet the needs of the specific business environment of each host country, ranging from encouraging foreign investment to job creation to streamlined administration of Globalization, multinational ventures. Approved in 2005 with implementation beginning in 2006, Cambodia's Special Economic Zones provide businesses within each zone with a number of fiscal incentives, including income tax, customs, and Value-added tax, VAT benefits and are "designed to offer a one-stop service for imports and exports, and have specially trained government officials stationed on site to provide administrative services". The 22 curr ...
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Cambodia
Cambodia (; also Kampuchea ; km, កម្ពុជា, UNGEGN: ), officially the Kingdom of Cambodia, is a country located in the southern portion of the Indochinese Peninsula in Southeast Asia, spanning an area of , bordered by Thailand to the northwest, Laos to the north, Vietnam to the east, and the Gulf of Thailand to the southwest. The capital and largest city is Phnom Penh. The sovereign state of Cambodia has a population of over 17 million. Buddhism is enshrined in the constitution as the official state religion, and is practised by more than 97% of the population. Cambodia's minority groups include Vietnamese, Chinese, Chams and 30 hill tribes. Cambodia has a tropical monsoon climate of two seasons, and the country is made up of a central floodplain around the Tonlé Sap lake and Mekong Delta, surrounded by mountainous regions. The capital and largest city is Phnom Penh, the political, economic and cultural centre of Cambodia. The kingdom is an elective co ...
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Government Of Cambodia
The politics of Cambodia are defined within the framework of a constitutional monarchy, in which the king serves as the head of state, and the prime minister is the head of government. The collapse of communism set in motion events that led to the withdrawal of the Vietnamese armed forces, which had established their presence in the country since the fall of the Khmer Rouge. The 1993 constitution, which is currently in force, was promulgated as a result of the 1991 Paris Peace Agreements, followed by elections organized under the aegis of the United Nations Transitional Authority in Cambodia. The constitution declares Cambodia to be an "independent, sovereign, peaceful, permanently neutral and non-aligned country." The constitution also proclaims a liberal, multiparty democracy in which powers are devolved to the executive, the judiciary and the legislature. However, there is no effective opposition to the Prime Minister Hun Sen, who has been in power since 1985. His Cambodian ...
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Special Economic Zones
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing themselves in a zone, they are granted a period of lower taxation. The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment (FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries, the zones have been criticized for being l ...
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Globalization
Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide. The term ''globalization'' first appeared in the early 20th century (supplanting an earlier French term ''mondialization''), developed its current meaning some time in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the post-Cold War world. Its origins can be traced back to 18th and 19th centuries due to advances in transportation and communications technology. This increase in global interactions has caused a growth in international trade and the exchange of ideas, beliefs, and culture. Globalization is primarily an economic process of interaction and integration that is associated with social and cultural aspects. However, disputes and international diplomacy are also large parts of the history of globalizat ...
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Value-added Tax
A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. It is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the person who ultimately bears the burden of the tax is not necessarily the same person as the one who pays the tax to the tax authorities. Not all localities require VAT to be charged, and exports are often exempt. VAT is usually implemented as a destination-based tax, where the tax rate is based on the location of the consumer and applied to the sales price. The terms VAT, GST, and the more general consumption tax are sometimes used interchangeably. VAT raises about a fifth of total tax revenues bo ...
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Sihanoukville Province
Preah Sihanouk ( km, ព្រះសីហនុ, UNGEGN: , ALA-LC: ), also Sihanoukville, is a province (''khaet'') in southwest Cambodia on the Gulf of Thailand. The provincial capital, also called Sihanoukville, is a deep water port city and a steadily growing and diversifying urban center on an elevated peninsula. First established as Kampong Som ( km, កំពង់សោម), the province was later renamed in honor of former King Norodom Sihanouk, who orchestrated the establishment of Sihanoukville city and the Sihanoukville municipality as this took place alongside the construction of the Sihanoukville Port, which commenced in June 1955. The only deep water port of Cambodia, it includes an oil terminal and a transport logistics facility. Preah Sihanouk is divided into four districts, each with a distinct economic character, defined largely by location and access to resources. In addition to the port and the growing tourism industry, the activities of countless NGO ...
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Takeo Province
Takeo may refer to: * Takéo Province, a province of Cambodia **Doun Kaev (town), formerly known as Takéo, the capital of Takéo province *Ta Keo, an Angkorian temple in Cambodia *Takeo, Saga, a city in Saga Prefecture, Japan *Takeo (given name), a masculine Japanese given name **Takeo Doi, a Japanese aircraft designer **Takeo Fukuda, a Japanese politician **Takeo Hatanaka, a Japanese radio astronomer **Takeo Kurusu, a Japanese politician **Takeo Miki, a Japanese politician **Takeo Spikes, a former American football player **Takeo Takahashi, a Japanese former football player **Takeo Takahashi, a Japanese animator **Takeo Yoshikawa was a Japanese spy in Hawaii before the attack on Pearl Harbor on December 7, 1941. Early career A 1933 graduate of the Imperial Japanese Naval Academy at Etajima (graduating at the top of his class), Yoshikawa served briefly at sea aboard the ...
, a Japanese spy {{disambiguation ...
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Phnom Penh
Phnom Penh (; km, ភ្នំពេញ, ) is the capital and most populous city of Cambodia. It has been the national capital since the French protectorate of Cambodia and has grown to become the nation's primate city and its economic, industrial, and cultural centre. Phnom Penh succeeded Angkor Thom as the capital of the Khmer nation but was abandoned several times before being reestablished in 1865 by King Norodom. The city formerly functioned as a processing center, with textiles, pharmaceuticals, machine manufacturing, and rice milling. Its chief assets, however, were cultural. Institutions of higher learning included the Royal University of Phnom Penh (established in 1960 as Royal Khmer University), with schools of engineering, fine arts, technology, and agricultural sciences, the latter at Chamkar Daung, a suburb. Also located in Phnom Penh were the Royal University of Agronomic Sciences and the Agricultural School of Prek Leap. The city was nicknamed the "Pearl of As ...
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