In recent years, Cambodia has attracted massive investment from various countries due to favorable factors such as a stable political situation, no foreign exchange control, and a younger and cheaper labor force. These factors lead to high economic growth in different sectors, such as agriculture, manufacturing, trading, and real estate. Of all the industries, real estate is the most popular investment in the country. In just a few years, Phnom Penh, the capital city of Cambodia, is full of office buildings and skyscrapers, attracting many overseas investors scrambling for a piece of the action. However, according to the Cambodian Land law, foreigners cannot own land, shop houses, flat houses, or any real estate connected with the ground. Therefore, in the past, foreign investors used to search for a local natural person or business partner to hold the land title to solve the problem.
Although a local partner can smoothly carry out the landholding problem, some issues might happen, such as unreasonable commissions, taxes, and hidden charges. High transaction costs also affect investors’ willingness to buy properties in Cambodia.
Stronghold Trustee was founded in 2019, right after the Cambodian Trust Law was promulgated, hoping to create an investment environment where buyers and sellers of real estate can feel at ease. We specialize in land trusts, money trusts, mutual fund management, and customized trust solutions. We provide professionals in various industries and high-quality, client-oriented financial services to fulfill client’s needs and aim to become a trusted financial STRONGHOLD for everyone.