how to make money in Cambodia page 3 - Cambodia forum

how to make money in Cambodia

2POSTS

11 years ago

it's possible for you to live and make biz in Cambodia if you came with legal trip. It give you convenience all issues on path weather you wanted. Money and relationship are the factors requirement.

salothkray Member

2POSTS

11 years ago

#82

several opportunities for you to choose base on your capitals; it can be services agency, trading export-import, business online, production lines, dealers, real estate etc....

Leang Member

1POSTS

11 years ago

#83

Hi Mr. Tamari

My name is Chhunleang, a Cambodian citizen living in Phnom Penh. As a developing country, Cambodian need a lot of sector to develop such as construction, services industry and so on! Phnom Penh capital need many people more to live in it. As example in 1998, there are only around nearly 1 million people only but around in 2013 Phnom Penh's population raised to more than 2 millions. But according to my experience,聽聽I think that you should buy some properties like land for selling in the near future ( 1 year or more later) . You would raise you capital and then you can do any other kind of business when you are ready to know more!
You can contact me if you want to know more opportunities by this E-mail: tarou_leang@yahoo.co.jp
Thanks.
Chhunleang

2 members reacted to this post

jim dandy Member

15POSTS

11 years ago

#84

Cambodia is very high around 137 in the world on diffuculty to start up business with new laws on registration with the tax department and聽 the interlectual registery of cambodia now im far from an exerpt not even a novis on the subject. But as for a guy thinking of starting a business or buying one in sihanoukville or the capitol. This information would make me hesitate maybe im being over reacting considering I dont have much information on the subject

jim dandy Member

15POSTS

11 years ago

#85

Hi please explain when u say come with legal trip actually mean . What does this mean...ty

jim dandy Member

15POSTS

11 years ago

#86

Hi im thinking the same thing . I think 1st its very important to get some good information on the pro an con of doing business there. Sure there is plenty of expats involved in business there . But I read where its getting harder to do business there withnnew laws innthe tax department and something the call the interlectual register.. I got a few ideas wich involve very little start up and its on the beach business which I have lived on the beach all my life. I dont want to mention my ideas here for obvious reasons but maybe we can chat private.. I live in australia and im looking for a change.. tim

jim dandy Member

15POSTS

11 years ago

#87

Hi I seen bbq and soup buffett forsale today online in pp 15000 usd I can find the advertisment if u want and get back to u. I may be interested as silent partner . But wud be happy to work there

jim dandy Member

15POSTS

11 years ago

#88

Awesome jay . Think inwud die farming there in the heat ur a ledgon mate. I like the sound of supplying restro I do that here in australia with gourmet breads.. but im not a baker im just the middle man. ru looking for business partner or expanding ?...tim from australia

jim dandy Member

15POSTS

11 years ago

#89

Im no expert but wud it not be better to rent. Jay has post here he rents his farm for $25 o month. Abd sells his produce that he grows to cafe and restro. Do u ever own anything u buy there. Iv read where ifvu have a gud business in cambodia and its doing well u wont have it for long or is that just in sihanoukville

hanyean Member

1POSTS

11 years ago

#90

PUC cambodai

nelson ong New member

9POSTS

11 years ago

#91

Hi , Buckshot .

Actually i am intend to have a business in cambodia and also looking a partnership as well.

Dont you have any interest on the Food & Beverage industry ( Restaurant )

If you are interesting , please do not hesitate to contact or SMS to me at 60102687084

Regards,

Nelson Ong

sean chong Member

1POSTS

11 years ago

#92

Hi nothing impossible . I know it

Mike CL Active member

72POSTS

11 years ago

#93

Establishing a business in Cambodia is no different to any other country, some counties it can be done on the internet, in others one has to go physically, find where your strength is, develop a business plan, do a market research, ensure you have adequate cash flow, look for the 3 L鈥檚鈥渓ocation, location, location鈥�, register with the required authority and you ready to start. Need help in registration; there are a number of professionals in Cambodia who can assist in registration.

1 member reacted to this post

Babies Page Member

2POSTS

11 years ago

#94

I am considering a business in Cambodia but I cannot find a good and trusted one. I am looking for a partner for operating a small business. contact me at davidpeaceworld@gmail.com.

Babies Page Member

2POSTS

11 years ago

#95

hello nelson, can we meet for a cup of coffee and talk about business plan?

nelson ong New member

9POSTS

11 years ago

#96

Hi ! everyone , I would like to share my business plan to all of you. If one of you are interesting to have it, feel free to contact or email me
60102687084
or yahomenelson@outlook.com

nelson ong New member

9POSTS

11 years ago

#97

Hello ! It's nice to meet you
Well, I am in Malaysia right now. If you are in Malaysia too, i don't mind to have a cup of coffee with you. I am still looking the investor and business partner to run the business. If you are interesting, please feel free to contact or email me.

regards,

Nelson Ong
60102687084
yahomenelson@outlook.com

DarioMontevideo Member

17POSTS

11 years ago

#98

soy un cocinero uruguayo recidente en espa帽a hace poco estube en phnom penh y se me paso por la cabeza abrir un bufett libre de ensaladas carnes a la brasa y y comida camboyana hay muchos restoranes en frente al rio pero creo que funcionaria algo que la gente pueda ver y escojer tengo experiencia en bufett ,asar carnes porque en mi pais son especialistas en eso yo estoy actualmente trabajando como chef en el centro asturiano de oviedo pero tengo ganas de iniciar algo pienso ir聽 de vuelta a phnom penh en febrero te dejo mi direccion darioviera@gmail.com聽 si te queres comunicar okey聽 mi ingles es muy basico聽聽聽聽 saludos dario

sigmoon Member

20POSTS

11 years ago

#99

Hi, there

Regarding registration of businesses, depend on the size of the business and investment ! if you come up with the idea to buy a patent of a bar, restaurant and guest house the taxes a quite small comparate to other countries (really affordable) then if you become the owner you don t need to get a work permit which is normally for some one you work as an employe it s around 130 $ per year, the most important thing is if your purchase a business already set up to secure the transaction you defenitly need a lawer to make the contract with the saler, the lawer will charge you only 300 $ for that !

second wich one of the most important thing is the rental price per month !!! for seasonal business be shure that the income are fine only from let s say 15 november untill 31 th march, you ll have 7 months really flat ! nearly no income !
also the deposit part it s something very important to look at it ! be aware not to come up with a high deposit like 20.000 or plus ! for 5 or 10 years contract cause in case you ll break this countract for any reason be shure that you ll lost it, you need to sale your business at least 3 years be the end of this contract be atractive to someone to get back the amount !

here i rented 1 boat, van, quite my B&B which i made from A to Z and got 4 flats in Phnom Penh i know what i m talking about ~ i have one boat for sale in Kampot which is prefect for some one who like the sea, for make tour, it s a little investment with little risks and can make a good profit !!!

i hope it ll help, Cambodia is great to set up yourself not to complicated but you ll win time and money if you listen other who already passed by many tricky situations

good Luck !

Regards

P

sigmoon Member

20POSTS

11 years ago

#100

Hello,

I m boats owner, i m saling one for touring in Kampot, it a little investment with little risks and can make a good profit in seasonal period鈥t s for some one who like the sea and sharing an absolutely good time with tourists.

As i聽 already set up one how operated perfectly since 2 years i can help some one how trust himself to this kind of project to find a boat driver, a captain at the front par,k this safety in Kampot and complete all details to set up a comfortable and attractive boat plus advertisement...

i hope the best for you

My num : 092 877 193

P

stumpy Laos Expert

18028POSTS

11 years ago

#101

DarioMontevideo wrote:
soy un cocinero uruguayo recidente en espa帽a hace poco estube en phnom penh y se me paso por la cabeza abrir un bufett libre de ensaladas carnes a la brasa y y comida camboyana hay muchos restoranes en frente al rio pero creo que funcionaria algo que la gente pueda ver y escojer tengo experiencia en bufett ,asar carnes porque en mi pais son especialistas en eso yo estoy actualmente trabajando como chef en el centro asturiano de oviedo pero tengo ganas de iniciar algo pienso ir聽 de vuelta a phnom penh en febrero te dejo mi direccion darioviera@gmail.com聽 si te queres comunicar okey聽 mi ingles es muy basico聽聽聽聽 saludos dario

English please as this is an English speaking forum. Difficult for others to offer any assistance or advice if they cannot understand your post.
Thank you.

CALPAC Member

12POSTS

11 years ago

#102

I don't know if there are any "I Love Lucy" fans here.聽 It was a popular TV show in the 50's and has been in reruns since.聽聽As I recall in one episode they buy a small restaurant from a guy who wants to sell it to them cheap.聽聽After they find how much trouble it is, and that they are loosing money, they have to sell it back to him at a loss.聽 And he then puts it up for sale again to the next person who thinks they want to own a cafe.

So hey, probably the best idea for a business in Cambodia is selling bars or restaurants or other businesses to expats who think they want to own a business in Cambodia.聽聽Then after they find out it is a money looser, buy it back from them at a steep discount, and put it on the market again for the next sucker.

But seriously, Cambodia is a poor country, and setting up a successful business in any country is hard.聽聽Why would someone who does not know the customs, laws, requirements, markets, needs, competition, etc. think they can come in and setup a successful business, when they are competing with locals and very long term expats who know all this very well.

And if you have not run a successful business in your own country, which presumably you know much better than Cambodia, why would you think you can profitably run one here?聽聽There are a lot of dreamers on this forum I think, and there will always be people like the cafe owner in the I Love Lucy show to take your money.

My advice for anyone thinking of starting a business in Cambodia, come, live there four or five years or more, learn the language, make a lot of connections with those few successful expat business owners here, then and only then find a market niche and start your business.聽聽But even then, you will be competing against people who work 12 hours a day for 7 days a week to be successful.聽聽Are you sure you want to do that?

3 members reacted to this post

Mr_Dome Contributor

110POSTS

11 years ago

#103

CALPAC is right, there are no shortcuts. Move there first, the see what develops.

1 member reacted to this post

sigmoon Member

20POSTS

11 years ago

#104

MONEY WALK, MONEY TALK

sigmoon Member

20POSTS

11 years ago

#105

there are shorts cut
if you know the right people !

live52 Member

2POSTS

11 years ago

#106

About two years ago I met an Australian lawyer who worked for an agency that advised foreigners who wanted to buy or sell businesses. He said the record for shortest ownership of a restaurant was two weeks from buying it to selling it again. He advised me to never buy a bar, a guesthouse or a restaurant in PP. I had no intention to do so anyway.

Running a restaurant is difficult in any country, and without experience, you are doomed. For example, every day you must decide what to keep and what to throw out. Those cutlets may be delicious, but they won't keep forever. Whatever you paid for them does not matter; what matters is how long before they spoil or are about to spoil. You have to trash them before you have customers who eat them and become sick. You could be sued.

Think long and hard before you bet the farm on a bar or restaurant in P.P. or anywhere; you are taking a huge risk.

The lswyer also mentioned guesthouses as a bad risk but at least during the high season they all fill up. Of the three choices, I think a guesthouse would be better than the other two.

2 members reacted to this post

DarioMontevideo Member

17POSTS

11 years ago

#107

sigmoon mi intencion no es hacerme rico si no cambiar mi estilo de vida que es muy mala y lo que respecta al trabajo mi profecion es de cocinero hace 32a帽os y e trabajado en 4 paises tengo vastante esperiencia y dedicacion . muchas gracias por los consejos cundo valla a phnom penh en febrero nos juntamos a tomar algo mi t es 985792077 oviedo asturias espa帽a

stumpy Laos Expert

18028POSTS

11 years ago

#108

DarioMontevideo wrote:
sigmoon mi intencion no es hacerme rico si no cambiar mi estilo de vida que es muy mala y lo que respecta al trabajo mi profecion es de cocinero hace 32a帽os y e trabajado en 4 paises tengo vastante esperiencia y dedicacion . muchas gracias por los consejos cundo valla a phnom penh en febrero nos juntamos a tomar algo mi t es 985792077 oviedo asturias espa帽a

As this is and English speaking forum could you please post in ENGLISH so that we all can understand your post and perhaps offer information or advice.
Thank you.

Mr_Dome Contributor

110POSTS

11 years ago

#109

live52, I personally agree with the lawyer as these are often 24 hour (or almost 24 hr) businesses and I have no interest after decades of working in the west, to enslave myself even more in the l.o.m.d. (land of my dreams).

Still, some non-locals have obviously made it work and they should study the successful ones that have been around for years and see what they have done right.

1 member reacted to this post

Mike CL Active member

72POSTS

11 years ago

#110

Somehow the blog is rather confusing, perhaps one has to dissect the reason one is coming to Cambodia, e.g. for retirement and perhaps run a small business, find a nice young lady to keep you comfortable or you are serious and want to open a business to make cash.

Restaurant, Guesthouse, Bar is a 24 hour business and closing it for holiday, well depending on the competition, you might lose some valuable clients. My suggestions, if you have no background in it, don鈥檛 go into it, it鈥檚 hard work and you need to know what to do.

Running an industrial kind of business needs equally background knowledge, you got to know what you are doing, there is no easy cash unless you know what to do, like knowing the market, market research, etc.聽

My advice, if you come to Cambodia to stretch your pension, it鈥檚 a good place, finding a nice and young lady you can but be prepared to spend some cash on her and family, if you not prepared to spend on family, find another place to go.

If you serious to invest and make a business you need to have a direction, business plan etc just a pension will not get you anywhere.

1 member reacted to this post

Mr_Dome Contributor

110POSTS

11 years ago

#111

I think the "find a nice young lady" plan could easily drain your resources, so caution is advised. Also, I doubt that all these ladies in their 20's/30's/early 40's are dreaming of a guy that in some cases could be their father - age-wise.聽

Just come and live and see how you like it and what develops. It always helps to have been visiting for a while before deciding to make the move. Would be nice to hear from some successful foreign business owners but I guess they are more reluctant to post online about the secret of their success.

1 member reacted to this post

masterking Member

2POSTS

11 years ago

#112

Looking for business supporter from abroad

masterking Member

2POSTS

11 years ago

#113

Dear All,

Please focusing on providing SME opportunity to Cambodian as soon as you earn much money from Cambodia.
Reasons needed:
- Study loan
- Home improvement loan
- New home loan
- Buy new land loan
-To start new business loan

Note: Now Cambodian really need Loan service which is provide low interest rate loan to start their new above,
You all will get high interest rate if compare to others counties.

CALPAC Member

12POSTS

11 years ago

#114

All you guys posting something like "looking for business supporter" or "looking for business partner" etc, maybe you should post a bit about what YOU have to offer.聽聽You might get taken a bit more seriously.

2 members reacted to this post

Sokheng Phoung Member

1POSTS

11 years ago

#115

Why someone think that Cambodia are much easier than other world?

dosolto ViP

1106POSTS

11 years ago

#116

i can't believe thus thread is still open... since 2010 !!!

mominwasi Guest

0POSTS

11 years ago

#117

Hey guys, I found this really cool free course that teaches how to make money on YouTube, without needing a website or any techie skills.

Has anyone heard about it or earned money through this...I am really interested in doing it...just want to know your feedback if you guys have earned money through this...

DarioMontevideo Member

17POSTS

11 years ago

#118

no se situ conoces otro聽 pais aparte de camboya , no es mas facil hacer dinero , pero es mas facil vivir te lo dice algien que viene de sudamerica .actualmente vive en europa y conoce asia .la vida es dificil en todos los sitios , pero se hace mas facil si estas donde quieres y haces lo que te gusta yo quiciera irme a vivir a cambodia y montar una parrillada tipo argentina son mis planes a futuro saludos聽 de un uruguayo聽 dario

stumpy Laos Expert

18028POSTS

11 years ago

#119

DarioMontevideo wrote:
no se situ conoces otro聽 pais aparte de camboya , no es mas facil hacer dinero , pero es mas facil vivir te lo dice algien que viene de sudamerica .actualmente vive en europa y conoce asia .la vida es dificil en todos los sitios , pero se hace mas facil si estas donde quieres y haces lo que te gusta yo quiciera irme a vivir a cambodia y montar una parrillada tipo argentina son mis planes a futuro saludos聽 de un uruguayo聽 dario

ENGLISH please.
This is an ENGLISH speaking forum and so you need to write in ENGLISH so that others can understand your post.
Thank you.

1 member reacted to this post