ANNOUNCEMENT 24 May 2010In May 2010, the government of Cambodia announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
On 24 May 2010, Cambodia issued the "Law on Foreign Ownership" thereby allowing foreigners to own private units in co-owned buildings.
A co-owned building is one in which several owners reside and consists of several parts that are each exclusive ownership of such sub-owners. These parts are called "private units" and can be legally owned by a foreigner. "Common areas" which are for the common use of all sub-owners cannot be owned by foreigners. Further, foreigners are not allowed to own the land of these co-owned buildings or even private units on a buidling that is within 30 kilometers of a land border, with certain exceptions.