Tom of the world CO Ltd is a private limited company formed in December 2009 in Cambodia capital city Phnom Penh. The company is in accordance to Cambodian law has the prerogative to operate under various business markets, holds a "real estate business license" and has established a special structure within the Cambodian law and law amendments of 2001 which give the corporation the capability to purchase and hold land in Cambodia with the highest level of investor security the best precautions possible and the most sophisticated contracts and legal paper work.

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The government and the legal instances in the kingdom of Cambodia have managed to institute a set of control laws that sticky limit foreigners options to purchase or own property under there own identity/foreign passport, in order to protect the country from becoming "foreign owned" this kind of law sounds great theoretically but it was pretty clear to the government that without external growth engines it would be impossible to give the country the "push" required and they began amending the laws. there were few amendments to be published but the main turning point was the land law of 2001 that made the operation enterprise structure clear and anchored by law amendments, allowing Cambodia to develop and move on. If so there are a few procedures to this time that land could be held/purchased, that mainly articulate different levels of security over the investment the most common yet most unsecured procedure is purchasing an asset under Khmer acquaintance mane. It might be wife or a friend but in any case this kind of procedure requires the highest level of trust and confidence as the deal being executed between the seller to the acquaintance directly and the investor has no part at all at the process even in a theoretical case which in your acquaintance wish to sell the property, it should be very clear that no signature of the investor will be required, making it completely exposed and susceptible, This procedure and all of his interpretations is not suggested to any investor, and wont be explained thoroughly.

Cambodia's Investment Law offers:

• 9% corporate income tax
• Tax holidays of up to eight years
• Full import duty exemptions for export-oriented projects
• Free repatriation of profits
• No nationalization and price control
• No withholding tax on dividends
• Five year loss carried forward

Cambodia qualifies for GATT, Generalized System of Preferences (GSP) and this status has been granted by 26 countries, including the European Union, Japan, Canada, Scandinavia and Australia ... Cambodia hopes to secure the Most Favored Nation Status (MFN) with the United States in the very near future.

About the CDC

The Council for the Development of Cambodia is a One Stop Service investment centre, established in 1994 by the Royal Government of Cambodia which provides local and overseas investors with a fast-tract route to new business opportunities in this ever-changing and dynamic country. The CDC, in guaranteeing to evaluate investment applications for all projects except those involving natural resources in 45 day or less, offers the speediest and most efficient respond in the region. The application procedures are user-friendly, easy to understand and free of unnecessary red tape. The CDC is also empowered to grant important duty and tax exemptions, process company registrations, visas and work permits and provide potential investors with economic and social data.