How to Open a Business Bank Account in Cambodia

A business account separates company money from personal money and is needed to pay taxes, receive customer payments and pay suppliers.

Documents banks usually ask for

• Certificate of incorporation and business registration documents
• Tax registration documents
• Company seal and articles of association
• Passports or ID of directors and shareholders, plus proof of address
• Visa or residence documents for foreign directors
• A description of your business and expected transactions
• Initial deposit

Steps

1. Choose a bank (compare fees, online banking, foreign currency, trade finance and card services)
2. Book an appointment or visit a branch with your documents
3. Complete the application and the know-your-customer (KYC) checks
4. Make the initial deposit
5. Set up online banking and sign authority

What to compare

• Monthly account and transfer fees
• USD and Khmer riel accounts
• International transfers and trade services such as letters of credit
• QR and mobile payment features (such as KHQR)
• Branch coverage and support quality

Tips

• Ask the bank to list all required documents in advance
• Plan for several days or more for approval
• Keep your account activity consistent with your business description

Requirements vary by bank. Check with your chosen bank.