cambodia land law for foreigner

8/16/2019 Cambodia Land Law for Foreigner

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Foreigner Purchase and Ownership

of Real Estate in Cambodia

Contents:

Land Law 2001

Law on Commercial Enterprises

Law on Providing Foreigners with

Ownership Right in Private Units ofCo-owned Buildings

Getting a Title Deed in Cambodia.



3. Law on Providing Foreigners with Ownership Right in3. Law on Providing Foreigners with Ownership Right in

Private Units of CoPrivate Units of Co--owned Buildingsowned Buildings

Law on Providing Foreigners with Ownership Right in Private UnitLaw on Providing Foreigners with Ownership Right in Private Units of Cos of Co--ownedowned

Buildings was promulgated on 24 May 2010, for the purpose of facBuildings was promulgated on 24 May 2010, for the purpose of facilitatingilitating

investment in Cambodia by foreigners and in response to the growinvestment in Cambodia by foreigners and in response to the growth of real estateth of real estate

market in Cambodia.market in Cambodia.

According Article 6 Law on Providing Foreigners with Ownership R According Article 6 Law on Providing Foreigners with Ownership R ight in Privateight in Private

Units of CoUnits of Co--owned Buildings has 24 Articles and their right to use and get bowned Buildings has 24 Articles and their right to use and get benefitsenefits

from common part of cofrom common part of co--owned buildings.owned buildings.

-- Foreigners have ownership rights in private units of coForeigners have ownership rights in private units of co--owned buildings only fromowned buildings only fromthe fist (1the fist (1stst) floor up. The ground floors and underground floors cannot be o) floor up. The ground floors and underground floors cannot be owned bywned by

foreigners.foreigners.

--

Foreigners are not authorized to acquire ownership rights in pForeigners are not authorized to acquire ownership rights in p

rivate unite of corivate unite of co

--

owned building located with 30 (thirty) kilometers of the land bowned building located with 30 (thirty) kilometers of the land borders of Cambodia.orders of Cambodia.

-- This law sets forth right and obligations of foreigners with oThis law sets forth right and obligations of foreigners with ownership right overwnership right over

private parts of coprivate parts of co--owned buildings, and grant 2owned buildings, and grant 2--year grace period to foreigners whoyear grace period to foreigners who

acquired, before the entry into force of this law, private partacquired, before the entry into force of this law, private part of coof co--owned buildingowned buildingwithout complying with the provisions of this law to correct thewithout complying with the provisions of this law to correct the situation.situation.



III:III: Certificate of Ownership over Private UnitCertificate of Ownership over Private Unit

In case you built up a condominium on the parcel of land you ownIn case you built up a condominium on the parcel of land you own, you are, you are

free to transfer each unit of the condo to different buyers by ofree to transfer each unit of the condo to different buyers by observing thebserving the

following procedures:following procedures:

At time you undertake the first transaction of any of the privat At time you undertake the first transaction of any of the private units, youe units, youhave to firstly apply to the cadastral administration to registehave to firstly apply to the cadastral administration to register the change ofr the change of

parcel type toparcel type to “ “CoCoowned Parcelowned Parcel” ” (Art.7 of the Sub(Art.7 of the SubDecree). In this case,Decree). In this case,

your original title deed over the whole parcel will be encryptedyour original title deed over the whole parcel will be encrypted and kept byand kept by

the cadastral administration in exchange of thethe cadastral administration in exchange of the Certificate of OwnershipCertificate of Ownershipover Private Unitover Private Unit

issued for each unit of the condo (Art. 7 of the Subissued for each unit of the condo (Art. 7 of the SubDecree). SupportingDecree). Supporting

documents required for the application are the same as in the andocuments required for the application are the same as in the answer toswer toquestion 2 above.question 2 above.

Note:Note: In case you do not hold ownership right over the parcel, but riIn case you do not hold ownership right over the parcel, but right toght to

perpetual lease, the issued certificate will beperpetual lease, the issued certificate will be Certificate of PerpetualCertificate of Perpetual

Lease of Private UnitLease of Private Unit

cambodia land law for foreigner

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