In a significant move towards modernizing its investment registration process, the Council for the Development of Cambodia (CDC) is set to introduce an online system for registering qualified investment projects (QIP). This initiative aims to simplify the registration process, making it more accessible and efficient for investors.
The CDC’s decision to launch QIP Online aligns with its ongoing efforts to enhance the investment landscape by leveraging digital solutions. The online platform is designed to facilitate a smoother, quicker, and more transparent application process for QIP registration, marking a significant shift towards digitalization in investment procedures.
The development of QIP Online was discussed in a recent meeting led by Deputy Prime Minister and CDC First Vice President Sun Chanthol. The meeting underscored the importance of this digital platform as part of the CDC’s strategy to align with the priorities of the Royal Government of Cambodia’s 7th mandate, which focuses on critical areas such as people, infrastructure, utilities, and technology.
QIP Online represents a pivotal step in the CDC’s digital transformation journey, aiming to attract a higher volume of investments by offering a more streamlined and user-friendly registration process. This digital platform is expected to play a crucial role in bolstering Cambodia’s economic growth by making it easier for domestic and international investors to contribute to the nation’s development initiatives.
Source: Khmer Times
