The Ministry of Economy and Finance is set to deploy Phase II of its Businesses Registration Platform, also known as the “Single Portal”, next month, following more than a year of smashing success since its debut.
Plans for the upcoming launch were presented at a virtual inter-ministerial meeting on July 12, led by ministry secretary of state Phan Phalla.
Industry ministry director-general for Small and Medium Enterprises and Handicraft Chhea Layhy told The Post on July 13 that his ministry was ready to integrate into the Single Portal, a process he said was 90-95 per cent complete.
Layhy said the second phase of the portal was a strategic government plan to further streamline procedures for businesses in Cambodia, especially small- and medium-sized enterprises (SME).
“I urge all those in the SME sector to understand the advantages of priority registration, in order to receive benefits from the government that’ll make it easier to do business,” he said.
The electronic platform requires companies to complete just a one-time business registration form, cutting fees by up to 40 per cent and taking a maximum of eight days.
Author: Thou Vireak
Photo credit: Hean Rangsey
Source: The PhnomPenh Post
For full article, please read here.
Original published date: 13 July 2021
July 15, 2021
