The economic growth in Cambodia has been forecast to grow by six percent in 2025 according to the latest Asian Development Bank report. It has been observed as one of the fastest-growing economies in Asia. This growth is being fuelled by large scale manufacturing projects and the entry of many foreign corporations into the country. Subsequently, there has been an increased demand for legal services with regard to property and corporate affairs all across the country. Simultaneously, Cambodia’s legal framework for real estate and corporate law is evolving rapidly, offering both challenges and opportunities for legal practitioners.
Amid this, clients are desperately seeking legal service providers who can adapt quickly to evolving legal requirements and market dynamics. CACC Law has emerged as a firm that believes in strengthening communication with government agencies to help clients navigate complex regulations. It also leverages technology to enhance service efficiency, offering real-time legal support through digital platforms. “We chose to focus on real estate and corporate laws because these sectors are at the heart of Cambodia’s economic growth. Real estate development and corporate operations are key drivers of investment and national progress”, says Porchhay Phoung, Founder, CACC Law.
Standing Apart
CACC Law’s core strength lies in its focus on expertise and client-centric services. The company believes that excellence comes from depth, not scale. One example of its success involves assisting an international real estate developer in completing a complex cross-border acquisition. The project spanned multiple jurisdictions and involved challenges related to licensing and tax planning. Through thorough due diligence, innovative tax structuring, and effective communication with all stakeholders, its team ensured the project’s seamless execution. This not only saved the client significant costs but also maximized their return on investment.
CACC Law supports clients in enhancing the investment environment by assisting domestic
and international clients in creating compliant investment strategies, ensuring every transaction adheres to legal requirements. This not only protects client interests but also strengthens the stability of Cambodia’s investment environment. It promotes legal awareness through policy discussions and industry events by educating the public and businesses on the importance of real estate and corporate law, fostering a culture of legal understanding. “Our legal team actively collaborates with international agencies such as the World Bank, government agencies, and industry associations, providing professional advice for updating, drafting, refining new laws, regulations, and procedures, and contributing to the modernization of Cambodia’s legal framework”, says Porchhay.
Overcoming the Challenges
The company has accurately navigated the market challenges faced by clients in the growing real-estate sector of Cambodia for one of its Singapore-based clients. These included land ownership restrictions, complex approval processes for permits, taxation and financial constraints, and risk management in contract drafting. CACC Law recommended that the client form a joint venture with the local Cambodian company to indirectly acquire land-use rights. It assisted in registering the joint venture, ensuring the client held a controlling share, and drafted the joint venture agreement to clearly define each party’s rights and obligations. The company conducted a comprehensive due diligence process on the target land, reviewing ownership history, legal disputes, and zoning restrictions to ensure the acquisition was legal and compliant.
Leveraging its strong relationships with government agencies, CACC Law facilitated efficient communication to help the client understand approval requirements and prepare the necessary documentation. It assisted in obtaining all essential construction, environmental, and business operation permits, ensuring the project launched as scheduled. CACC Law has designed a tax optimization strategy utilizing the Cambodia-Singapore Double Taxation Agreement to legally reduce the tax burden on cross-border investments. “For financing, we helped the client negotiate with local banks to secure favorable loan terms while ensuring compliance with Cambodian financial regulations”, states Porchhay.
When dealing with intricate, high-risk cases, its approach includes understanding client needs as it gets involved early in the project to fully comprehend the client’s goals and potential risks. CACC Law provides customized solutions and tailors strategies to the specific challenges of each case. It emphasizes transparency and communication and ensures that clients are well-informed about the rationale behind every decision and strategy. “We recently helped a client resolve a real estate dispute, recovering millions of dollars in potential losses. This was achieved through meticulous case analysis and robust legal action. Additionally, we have assisted the largest U.S. property investors, totaling about $200M, in Cambodia since 2012”, says Porchhay.
CACC Law’s legal team actively collaborates with international agencies such as the World Bank, government agencies, and industry associations, providing professional advice for updating, drafting, refining new laws, regulations, and procedures
Future Endeavors
Looking ahead, the company’s goals include deepening expertise in real estate and corporate law by expanding services to include emerging areas such as ESG (environmental, social, and governance) compliance. It is also planning on regional expansion by bringing CACC Law's expertise to other Southeast Asian countries, European Countries, United Arab Emirates and Western countries. CACC Law will also be leveraging legal technology to deliver faster and more efficient services in the coming years. “We are confident that CACC Law will continue to lead in Cambodia’s property and corporate market and contribute to its broader legal development”, concludes Porchhay.
Porchhay Phoung, Founder, CACC LAW
Porchhay Phoung, Founder of CACC Law, is a visionary legal expert dedicated to strengthening Cambodia’s corporate and real estate legal framework. His firm specializes in regulatory compliance, strategic advisory, and investment facilitation.
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