daeum_tnaot wrote: ↑Mon May 08, 2023 11:41 am Hi everyone,

I’d like to open an account at Prasac or LOLC, and I want to have residence status for the tax rate.

Unfortunately, I haven’t been able to get a multi month visa yet because I need to leave the country temporarily before I could do the multi month visa extension.

But I do have an employment contract, and a rental contract.

Will that be sufficient to open an account in my name, or is there any other documentation that I need?

Thanks in advance

ali baba wrote: ↑Tue May 09, 2023 8:21 am What are the different tax rates? I'm always charged 6% and no one questioned my address.

cautious colin wrote: ↑Mon May 08, 2023 9:10 pm

Doc67 wrote: ↑Mon May 08, 2023 12:15 pm I can't see you getting a resident status with a tourist visa.

Yeah, no chance on a tourist visa.

Just leave the country and get transferred to an E, then get the EB extension, and after that should be straightforward,

Doc67 wrote: ↑Mon May 08, 2023 12:15 pm

daeum_tnaot wrote: ↑Mon May 08, 2023 11:41 am Hi everyone,

I’d like to open an account at Prasac or LOLC, and I want to have residence status for the tax rate.

Unfortunately, I haven’t been able to get a multi month visa yet because I need to leave the country temporarily before I could do the multi month visa extension.

But I do have an employment contract, and a rental contract.

Will that be sufficient to open an account in my name, or is there any other documentation that I need?

Thanks in advance

Prasac sent me to the Sangkat with one of their employees to get a piece of paper confirming my address.

I showed them the lease agreement in the office, afterwards the staff member came to the apartment and checked I lived there, and then took me to the Sangkat and arranged for the certificate of residence to be issued. I needed 4 x $5 notes to "facilitate" the same-day service. I don't know what the form is technically called, but its purpose as far as I can deduce was to validate my lease as genuine and that I actually lived where I said I did.

It was my first and only direct dealing with Khmer bureaucracy. The shuffling of papers, the passing back of cash wrapped in paper to the next person with an official rubber stamp, and then it all lands on the desk of the grand fromage at the back of the room for his signature and stamp. It was a very odd experience, but remarkably efficient once you grease the wheels, sit back, and watch the show.

The withholding tax rates are very different for resident v. non-resident, so they ensure your paperwork is genuine. I think your annual visa needs to be issued, I can't see you getting a resident status with a tourist visa.

daeum_tnaot wrote: ↑Tue May 09, 2023 9:19 am

Doc67 wrote: ↑Mon May 08, 2023 12:15 pm

daeum_tnaot wrote: ↑Mon May 08, 2023 11:41 am Hi everyone,

I’d like to open an account at Prasac or LOLC, and I want to have residence status for the tax rate.

Unfortunately, I haven’t been able to get a multi month visa yet because I need to leave the country temporarily before I could do the multi month visa extension.

But I do have an employment contract, and a rental contract.

Will that be sufficient to open an account in my name, or is there any other documentation that I need?

Thanks in advance

Prasac sent me to the Sangkat with one of their employees to get a piece of paper confirming my address.

I showed them the lease agreement in the office, afterwards the staff member came to the apartment and checked I lived there, and then took me to the Sangkat and arranged for the certificate of residence to be issued. I needed 4 x $5 notes to "facilitate" the same-day service. I don't know what the form is technically called, but its purpose as far as I can deduce was to validate my lease as genuine and that I actually lived where I said I did.

It was my first and only direct dealing with Khmer bureaucracy. The shuffling of papers, the passing back of cash wrapped in paper to the next person with an official rubber stamp, and then it all lands on the desk of the grand fromage at the back of the room for his signature and stamp. It was a very odd experience, but remarkably efficient once you grease the wheels, sit back, and watch the show.

The withholding tax rates are very different for resident v. non-resident, so they ensure your paperwork is genuine. I think your annual visa needs to be issued, I can't see you getting a resident status with a tourist visa.

I feel like I remember someone else having a different experience where they were registered as a resident without even really doing anything.

Your experience seems extreme. I guess it’s up to the particular bank or even branch office.

daeum_tnaot wrote: ↑Tue May 09, 2023 8:56 am

ali baba wrote: ↑Tue May 09, 2023 8:21 am What are the different tax rates? I'm always charged 6% and no one questioned my address.

Which place is this? Prasac? LOLC? That info is important since every place may be different

6% is the resident rate but if they consider you to be non-resident they charge you more.

Doc67 wrote: ↑Mon May 08, 2023 12:15 pm
Prasac sent me to the Sangkat with one of their employees to get a piece of paper confirming my address.

I showed them the lease agreement in the office, afterwards the staff member came to the apartment and checked I lived there, and then took me to the Sangkat and arranged for the certificate of residence to be issued. I needed 4 x $5 notes to "facilitate" the same-day service. I don't know what the form is technically called, but its purpose as far as I can deduce was to validate my lease as genuine and that I actually lived where I said I did.