Opening a Business Bank Account in Cambodia: Simplified Process for Entrepreneurs
- Jan 14
- 5 min read
Updated: Feb 12
Opening a business bank account is one of the most crucial steps for entrepreneurs who want to operate legally and efficiently in Cambodia. A business account is essential for handling transactions, paying employees, and managing day-to-day business expenses. Cambodia’s financial system is growing and improving, making it an attractive destination for business owners looking to tap into the Southeast Asian market. However, to successfully navigate the Cambodian banking system, entrepreneurs need to understand the necessary steps and requirements for opening a business bank account.
This guide will provide you with a detailed explanation of how to open a business bank account in Cambodia, the benefits of doing so, and how B2B Hub can assist you throughout the process.

Why Open a Business Bank Account in Cambodia?
There are several reasons why opening a business bank account in Cambodia is essential for entrepreneurs:
Legal Requirement: In Cambodia, having a local business bank account is necessary for registering and operating a company. The General Department of Taxation (GDT) requires businesses to have a bank account for tax filings, transactions, and payments.
Transaction Efficiency: A business bank account allows you to process payments and receipts for goods and services easily. It’s a crucial tool for managing operational expenses and cash flow.
Professionalism: Using a business bank account increases the credibility and professionalism of your company. Clients and partners will view your business as more established, and you can more easily build trust in the local market.
Tax Compliance: A local business account helps you maintain transparent records and meet the requirements for tax compliance, including VAT registration and the reporting of income and expenses to the GDT.
Types of Business Bank Accounts in Cambodia
There are several types of business bank accounts in Cambodia that entrepreneurs can choose from, depending on their specific needs. These include:
Current Accounts: These are the most common type of business accounts, suitable for businesses that need to carry out regular transactions. They provide quick access to funds, and the account holder can deposit, withdraw, and transfer money as required.
Savings Accounts: While less common for businesses, savings accounts offer a higher interest rate on deposits. These accounts are ideal for businesses looking to earn interest on excess funds.
Foreign Currency Accounts: Businesses that deal with international transactions or foreign clients may open a foreign currency account to avoid the hassle of converting currencies and incurring additional fees.
Corporate Accounts: This type of account is typically for larger businesses or corporations and may come with added services such as corporate credit cards, overdraft facilities, and trade financing.
Steps to Open a Business Bank Account in Cambodia
Opening a business bank account in Cambodia is relatively straightforward, but there are a few steps and requirements that entrepreneurs need to be aware of.
1. Choose the Right Bank
First, you need to choose a bank that fits your business needs. Cambodia has a variety of local and international banks, including:
Canadia Bank
ACLEDA Bank
Vattanac Capital
Vietcombank
Foreign Trade Bank of Cambodia (FTB)
Each bank has its own offerings in terms of services, fees, and account types, so it is important to compare these and choose a bank that aligns with your business goals.
2. Prepare the Necessary Documents
To open a business bank account in Cambodia, you will need to provide certain documents to the bank. These typically include:
Company Registration Certificate: This document proves that your business is legally registered with the Ministry of Commerce (MoC) and is recognized by the Cambodian government.
Tax Registration Certificate (TIN): Your company’s TIN is essential for ensuring compliance with Cambodian tax laws.
Passport/Identification of the Directors and Shareholders: The bank will require copies of passports or national IDs for all directors and shareholders of the business.
Company’s Articles of Association: This document outlines the company’s structure, ownership, and management.
Proof of Registered Office Address: You will need to provide evidence of your company’s legal address in Cambodia. If you do not have a physical office, the bank may require you to use a local service address.
Business Plan: Some banks may request a business plan to better understand the nature of your business, its financial projections, and potential risks.
Proof of Business Activities: Depending on your business type, you may need to provide additional documentation related to the business’s operations, such as contracts, licenses, or permits.
3. Visit the Bank and Complete the Application
Once you’ve gathered the required documents, the next step is to visit the bank in person to complete the application process. While some banks may offer online registration, it’s often required to visit a branch in person to authenticate your documents and sign agreements.
During your visit, you will meet with a bank representative who will review your application, verify your documents, and ask questions about your business. You may also be asked to deposit a minimum amount, which varies by bank and account type.
4. Wait for Approval
The bank will process your application and verify your documents, a process that typically takes between a few days to two weeks. During this time, the bank may request additional information or clarification.
Once your application is approved, you will receive your account details, including the account number and any associated services such as online banking access, debit cards, and checkbooks.
5. Set Up Online Banking and Other Services
After your account is activated, you can set up online banking, which will allow you to manage your business finances remotely. You can also inquire about other services such as credit facilities, foreign exchange options, and trade financing, which may be beneficial to your business as it grows.
Benefits of Opening a Business Bank Account in Cambodia
Streamlined Business Operations: Having a dedicated business account allows you to keep personal and business finances separate, making it easier to manage your business cash flow.
Simplified Tax Filing: A business bank account helps you maintain clear financial records, which are essential for tax filings and audits. Keeping separate business accounts also makes it easier to track VAT payments and other tax obligations.
Access to Business Loans and Credit: Banks may offer business loans, lines of credit, and other financial products that can help your business grow. A business bank account is often a prerequisite for applying for these services.
Professional Image: Using a business bank account demonstrates professionalism and builds trust with customers and suppliers. It also makes your business appear more legitimate and organized.
Safe and Secure Transactions: A business bank account allows you to securely store your business funds, reducing the risk of theft or fraud associated with holding large sums of cash.
How B2B Hub Can Help
Navigating the banking system and understanding the requirements for opening a business bank account in Cambodia can be a complex process. B2B Hub specializes in company formation in Cambodia and can assist you every step of the way, from registering your company to setting up your business bank account.
Our services include:
Assistance with business registration and tax filings.
Bank account opening support, including advice on the best banking options for your business needs.
Guidance on regulatory compliance, including VAT registration and other required business permits.
Support with document preparation, ensuring that all your paperwork is in order for a smooth application process.
With B2B Hub by your side, you can navigate the banking and regulatory processes in Cambodia with ease and focus on growing your business.
Why Choose B2B Hub?
Expert Guidance: B2B Hub offers years of experience in the Cambodian market and understands the complexities of local banking regulations and business compliance.
Comprehensive Services: We offer full-service company formation, registration, and banking support, ensuring that all aspects of your business setup are handled efficiently.
Local Expertise: Our team is based in Cambodia, providing on-the-ground support and direct assistance with local banks and regulatory authorities.
B2B Hub offers comprehensive company formation and corporate services in any jurisdiction of your choice.
For inquiries, please contact us at +44 770 018 3107, visit our website at b2bhub.ltd, or send us an email at reg@b2bhub.ltd.
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