Overview of the Cambodian Citizenship by Investment Program

Cambodia offers a Citizenship by Investment (CBI) program, also known as Khmer Citizenship, which is designed to attract foreign investors and stimulate economic growth within the country. This program allows foreign nationals to obtain Cambodian citizenship in exchange for a financial contribution or investment in approved government projects. The primary goal of this initiative is to enhance the inflow of capital and create job opportunities within Cambodia.

Investment Requirements

To qualify for Cambodian citizenship through investment, applicants must meet specific financial criteria:

• Donation Option: A donation of approximately US$ 244,000 to the Kingdom of Cambodia.
• Investment Option: An investment of at least US$ 305,000 in a government-approved project through the Cambodian Development Council (CDC).

These financial contributions are intended to support various sectors within the economy, including infrastructure development and social programs.

Application Process

The application process for obtaining Cambodian citizenship involves several steps:

1. Document Submission: Applicants must gather and submit all required documentation, which may include proof of identity, financial records, and any other relevant information that demonstrates eligibility.
2. Knowledge Test: Candidates are required to pass a test that evaluates their knowledge of Cambodian history and culture.
3. Due Diligence Screening: A thorough due diligence process is conducted to ensure that applicants meet all legal requirements and do not pose any security risks.
4. Review Process: The application undergoes multiple rounds of review before approval is granted.
5. Final Approval and Citizenship Granting: Once approved, applicants receive their citizenship status along with rights and benefits associated with being a Cambodian national.

It is important to note that while the application process appears straightforward on paper, there may be variations in actual experiences reported by applicants.

Documentation Required for Citizenship

To successfully apply for Cambodian citizenship, applicants need to provide several key documents:

• A valid passport
• Proof of residence in Cambodia
• A certified copy of children’s birth certificates (if applicable)
• A certified marriage certificate (if applicable)
• A Cambodian National ID Card
• Family Book (a document identifying family members)

The Family Book can only be obtained after securing a Residence Book, which requires additional documentation similar to that listed above.

Benefits of Obtaining Cambodian Citizenship

Acquiring citizenship in Cambodia comes with several advantages:

1. Property Ownership Rights: Only Cambodian citizens can own land outright; foreigners are limited to owning 49% of property in Cambodia.
2. Employment Opportunities: Citizens have unrestricted access to job markets within the country; companies can only employ a maximum of 10% foreign workers.
3. Travel Benefits: Holders of a Cambodian passport enjoy visa-free travel or visa-on-arrival access to numerous countries within Southeast Asia under ASEAN agreements.
4. Political Stability: Cambodia has maintained relatively low crime rates and stable relations with neighboring countries, making it an attractive place for residency and investment.
5. Long-term Residency Options: In addition to CBI options, there are long-term residency programs available that may lead towards eventual citizenship after five years.

In conclusion, while Cambodia’s Citizenship by Investment Program presents unique opportunities for foreign investors seeking residency or citizenship in Southeast Asia, potential applicants should carefully consider both the benefits and challenges associated with this pathway.