TRUSTS
SERVICE FEES FOR THE REGISTRATION OF TRUSTS, Prakas № 854 of the Ministry of Economy and Finance (“MEF”), 30 September 2019.
The purpose of this Prakas is to determine the level of fees for the registration of trusts in Cambodia. The registration and renewal fees include administrative and annual certification fees, the respective amounts for which are to be determined by the type and the value of the trust to be registered.
This Prakas outlines the service fees applicable to four types of trust: commercial, public, social, and individual trusts. The value of each must be assessed by an expert in the relevant field who is recognized and accredited by the relevant regulators in Cambodia.
The Certificate of Trust Registration is valid for the duration determined in the trust document. However, the validity of the Certificate of Trust Registration is limited to five years if the trust document itself has a validity period of five years or more.
This Prakas also sets out the fees for prior-approval of trust registration and amendments to the trust documents and their registration documents for any change to the purposes of the trust or any other changes to the trust documents or their registration documents. These fees are KHR 5 million (approximately USD 1,250).
The information provided here is for information purposes only and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situation.
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This article is written by DFDL Lawyers.