Cambodia has officially launched a new real estate investment visa program called “Cambodia – My Second Home”, which is broadly designed from its namesake My Second Home Malaysia, a similar program established by Malaysia in 2002. The Cambodia Project has been launched by the Khmer House Charitable Society – initially a donor-based charitable organisation, but at the same time working to improve Cambodia’s international investment opportunities and economic growth – fully mandated by the Ministry of Home Affairs with the goal of Facilitate trade and investment while eliminating unauthorized intermediaries. The benefits included in the program are designed to encourage foreign…
Cambodia has officially launched a new real estate investment visa program called “Cambodia – My Second Home”, which is broadly designed after its namesake My Second Home Malaysia, a similar program established by Malaysia in 2002.
The Cambodia Project was initiated by the Khmer Family Charity Association – initially a donor-based charitable organisation, but at the same time working to improve Cambodia’s international investment opportunities and economic growth – and is fully mandated by the Ministry of Home Affairs with the goal of promoting trade and Invest while eliminating unauthorized intermediaries.
Included benefits
The scheme is designed to encourage foreign real estate investment under certain conditions and offers ten-year visas and other benefits in return.
Applicants to the Cambodia My Second Home (CM2H) program will be able to enjoy a range of business and travel-friendly measures, such as no entry and exit restrictions during the visa period, and the option to apply for Cambodian citizenship after the age of 5 years.
Foreign investors will also benefit from membership in the Khmer Family Charity Association under the scheme, which will allow them to access advantages such as local insurance and medical care.
Minimum investment of $100,000
According to the CM2H official website, the applicant must be a citizen of a country recognized by the Cambodian government and have an investment capital of not less than US$100,000 in Cambodia to invest in government-approved real estate.
Those who want to enter the program do not need language skills or academic qualifications.
According to the program website, investors will receive their CM2H membership number within 7 days, while visas will be processed within 14 days. Guaranteed bank account, patents and business license after 60 days.
Organisers expect to issue around 10,000 so-called “golden visas” in the first phase of the scheme.
