Do I have to leave Cambodia?

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dron
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Re: Do I have to leave Cambodia?

Post by dron » Wed Feb 14, 2018 8:15 pm

Thanks for the comments and advice.

I asked Lucky Lucky about a retirement visa. They literally laughed in my face. Guess they've never read "Retire by 40". I don't have "proof of retirement from home country" either.

It seems like the sole prop would be the way to go. As there is often more than meets the eye in actually doing things in Cambodia I want to make sure I know what I am getting into. Preferably, I would like to find an agent to do as much as possible. I'm lazy, that's why I live in Cambodia and earn passive income on the internet.

All I have to do is register as a sole prop? Don't need a tax license? Don't need to rent an office or shop?

Then I apply for the work permit online?

Then write myself a letter and I'm good to get another visa in September?

Thanks again.

BTW, "drop shipping fidget spinners" isn't too far off actually. Everything legitimate, declared and taxed (in the US). Basically just online retail and affiliate stuff earning passive income.
"The revolution did more than legally create the United States; it transformed American society... Far from remaining monarchical, hierarchy-ridden subjects on the margin of civilization, Americans had become, almost overnight, the most liberal, the most democratic, the most commercial minded, and the most modern people in the world." - Gordon S. Wood
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Re: Do I have to leave Cambodia?

Post by epidemiks » Wed Feb 14, 2018 8:31 pm

dron wrote:
Wed Feb 14, 2018 8:15 pm
Thanks for the comments and advice.

I asked Lucky Lucky about a retirement visa. They literally laughed in my face. Guess they've never read "Retire by 40". I don't have "proof of retirement from home country" either.

It seems like the sole prop would be the way to go. As there is often more than meets the eye in actually doing things in Cambodia I want to make sure I know what I am getting into. Preferably, I would like to find an agent to do as much as possible. I'm lazy, that's why I live in Cambodia and earn passive income on the internet.

All I have to do is register as a sole prop? Don't need a tax license? Don't need to rent an office or shop?

Then I apply for the work permit online?

Then write myself a letter and I'm good to get another visa in September?

Thanks again.
Talk to a good lawyer familiar with business registrations and foreign workers, get the right info, register correctly, and minimise future problems. eg. If you've got a registered business in the US, you could open a 'representative' office here, which is far simpler and has zero tax obligations here.

If you learn something useful, let us know.

BTW, "drop shipping fidget spinners" isn't too far off actually. Everything legitimate, declared and taxed (in the US). Basically just online retail and affiliate stuff earning passive income.
Ha! I knew it!
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phuketrichard
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Re: Do I have to leave Cambodia?

Post by phuketrichard » Wed Feb 14, 2018 8:51 pm

u must be a hell of an affiliate to earn $7,000/month



"Basically just online retail and affiliate stuff earning passive income."
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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dron
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Re: Do I have to leave Cambodia?

Post by dron » Wed Feb 14, 2018 8:59 pm

Not really. A lot of people do much better in the same field. I don't put much effort in. I probably worked 80 hours in all of 2017. But I wasn't trying to brag about money. I know it can be very difficult to get. I was just making the point that I can afford to live in Cambodia and pay for any reasonable fees to stay. My other options are:

- Vietnam. Already have 1 year visa. No work permit required. Think I paid $135.

- Chiang Mai. Can get 1 year education visa without going to school or doing 90 day checks, but it's $1000.

I'd probably save a lot of money either way. All apartments I've looked at in both places are cheaper than my place here. But I already live here, have a girlfriend, etc.

Any suggestions on good attorneys to talk to about getting a legal business set up?
"The revolution did more than legally create the United States; it transformed American society... Far from remaining monarchical, hierarchy-ridden subjects on the margin of civilization, Americans had become, almost overnight, the most liberal, the most democratic, the most commercial minded, and the most modern people in the world." - Gordon S. Wood
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timmydownawell
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Re: Do I have to leave Cambodia?

Post by timmydownawell » Wed Feb 14, 2018 9:09 pm

dron wrote:
Wed Feb 14, 2018 8:59 pm

- Vietnam. Already have 1 year visa. No work permit required. Think I paid $135.
$135 for Vietnam is the stamping fee, visa cost on top, 200-250/year. Why not stay there?
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dron
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Re: Do I have to leave Cambodia?

Post by dron » Wed Feb 14, 2018 11:27 pm

timmydownawell wrote:
Wed Feb 14, 2018 9:09 pm
dron wrote:
Wed Feb 14, 2018 8:59 pm

- Vietnam. Already have 1 year visa. No work permit required. Think I paid $135.
$135 for Vietnam is the stamping fee, visa cost on top, 200-250/year. Why not stay there?
Off topic, but Americans can get a one year multi entry tourist visa on arrival at the airport for $135. No questions asked. All you need is an invitation letter that you can buy online for $20 and two photographs.

The business visa is indeed the higher price as you mentioned.
"The revolution did more than legally create the United States; it transformed American society... Far from remaining monarchical, hierarchy-ridden subjects on the margin of civilization, Americans had become, almost overnight, the most liberal, the most democratic, the most commercial minded, and the most modern people in the world." - Gordon S. Wood
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Re: Do I have to leave Cambodia?

Post by pczz » Wed Feb 14, 2018 11:35 pm

violet wrote:
Wed Feb 14, 2018 2:13 pm
Barang chgout wrote:
Wed Feb 14, 2018 1:48 pm
Sole trader around $160 and theoretically can be done online or can be done at sankat or ministry of commerce i believe.
Under $5000 / month turnover, taxed only on profi, from what i can work out.
Guess there are a few of us who are looking into this.

Sent from my SM-G570Y using Tapatalk
While I don’t recall the exact figures, I know the true cost of setting up as sole is higher than $160.
2 years ago in kampot I was asked for $70 at the 1 stop shop and $100 to register for tax. You also need a lease stamped by sangkat anything up to $30 is usual. Unless you are actually running a shop or restaurant that should be it. Otherwise you have various oter stuff like sign tax and tourism permits etc but doubt you will be needing that as a sole trader "IT consultant" o
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dron
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Re: Do I have to leave Cambodia?

Post by dron » Wed Feb 14, 2018 11:49 pm

pczz wrote:
Wed Feb 14, 2018 11:35 pm
2 years ago in kampot I was asked for $70 at the 1 stop shop and $100 to register for tax. You also need a lease stamped by sangkat anything up to $30 is usual. Unless you are actually running a shop or restaurant that should be it. Otherwise you have various oter stuff like sign tax and tourism permits etc but doubt you will be needing that as a sole trader "IT consultant" o
Sounds perfect. Can you then write a letter of employment for yourself that will be accepted? How about taxes? Thanks again.
"The revolution did more than legally create the United States; it transformed American society... Far from remaining monarchical, hierarchy-ridden subjects on the margin of civilization, Americans had become, almost overnight, the most liberal, the most democratic, the most commercial minded, and the most modern people in the world." - Gordon S. Wood
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Re: Do I have to leave Cambodia?

Post by pczz » Wed Feb 14, 2018 11:54 pm

dron wrote:
Wed Feb 14, 2018 11:49 pm
pczz wrote:
Wed Feb 14, 2018 11:35 pm
2 years ago in kampot I was asked for $70 at the 1 stop shop and $100 to register for tax. You also need a lease stamped by sangkat anything up to $30 is usual. Unless you are actually running a shop or restaurant that should be it. Otherwise you have various oter stuff like sign tax and tourism permits etc but doubt you will be needing that as a sole trader "IT consultant" o
Sounds perfect. Can you then write a letter of employment for yourself that will be accepted? How about taxes? Thanks again.
You may just need to take the business registration form from the sangkhat. It is possible they will get the work permit for you, or the one stop shop might do it. 2 years is a long time and they keep changing the rules.
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Re: Do I have to leave Cambodia?

Post by AndyKK » Thu Feb 15, 2018 2:07 am

I am into two years with all the correct business paperwork, tax, wp and visa. Now I think I will retire :)
Always "hope" but never "expect".
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