Special Economic Zones of Cambodia are geographical areas within Cambodia's borders that have been specially designated by the

national government A national government is the government of a nation. National government or National Government may also refer to: * Central government in a unitary state, or a country that does not give significant power to regional divisions * Federal governme ...

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 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

VAT 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 en ...

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 currently approved SEZs in Cambodia operate under the authority of the Cambodia Special Economic Zone Board under the umbrella of the Council for the Development of Cambodia (CDC) for "the purposes of enhancing the competitiveness and attracting investment in the Kingdom of Cambodia". According to a report by the CDC, as of late 2013, Cambodia's SEZs had attracted US$1.65 billion in total investment from 172 investment projects, most of which were initiated by China, South Korea and Japan, and added 105,000 jobs to the Cambodian economy.

The zones

References

{{Business in Cambodia, state=collapsed Economy of Cambodia Special economic zones