According to the current legislation, foreign investors in Cambodia cannot acquire land, but they can either lease it for 99 years, or register a company in the country in partnership with a resident and purchase real estate in the name of the company. The most reliable way for foreigners to buy real estate in Cambodia is to organize a company together with a citizen of Cambodia, which is registered with the Ministry of Commerce. Any real estate purchased for investment is registered on behalf of the company. In this case, 49% of the property is registered to a foreigner and 51% to a Khmer business partner, but before any real estate investment, your Khmer partner must sign a written agreement giving the foreigner full rights to own the property and conduct business in the company. Additional agreements between them must be drawn up and signed immediately and certified by a lawyer. This procedure guarantees 100% security for a foreigner's investment.
Property review in Sihanoukville
Sihanoukville is a city that is located right on the shore of the Bay of Kampongsaom. The city is the main resort of the country. There is a huge plant for the production of beer. Fans of this drink can enjoy the pleasant taste of beer, which can only be tasted in Sihanoukville. There is also a well-developed fishing industry. Local restaurants can offer tourists dishes from various types of fish, as well as other seafood. Do you know about the apartments for sale sihanoukville? Consider the suggested source will give complete information on how to invest wisely and where.
Not far from the city there is a considerable number of orchards that you can visit and taste sweet and juicy fruits. Undoubtedly, Sihanoukville is known all over the world for its luxurious beaches with Golden sand and excellent service. Tourists are also attracted by the amazing beauty of the Islands, which can be visited at any time. There are many entertainment centers, clubs and bars in the city, where young people who have chosen Sihanoukville for a holiday are happy to spend their time. Not far from the city, you can visit the Park and see the magnificent kbal Chhay waterfall.
Rent an apartment in Sihanoukville can please with low prices. Hospitable residents of the city will be happy to welcome a tourist to their family. The cost of such a stay will not exceed 10 euros per day. You can also rent a room here, the cost of which will cost tourists about 15 euros per night. Couples may be interested in small apartments. Prices for such rental housing can be a pleasant surprise. Holidaymakers will have to pay no more than 30 euros per day. Undoubtedly, you can find more luxurious, but also expensive housing. The maximum price of rental housing in Cambodia, namely in Sihanoukville, is 50 euros per day.
Selling an apartment in Sihanoukville can be interesting for tourists who love the city. A small house on the outskirts of the city will cost no more than 60 thousand euros. Homes with ocean views or small villas will also enjoy affordable prices. The buyer will have to pay about 350 thousand euros. For more details, don’t forget visiting- https://dragonreal.estate