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Nov 01, 2016

MOC Online Business Re-registration Deadline Extended Final Time to 31 December 2016


By Joseph Lovell

 

On 14th October 2016, the Ministry of Commerce (“MOC”) issued Notification No. 3890 on the Extension of Business Re-registration through Automated Online Business Registration (the “Notification”).  The Notification extends the re-registration deadline until 31st December 2016 in order to allow more time for non-compliant companies and other affected entities to make this mandatory e-filing prior to any enforcement action being taken against them. This extension follows previous extensions and is expected to be the final deadline for the re-registration process.

Business entities registered before 4 January 2016 that have not yet re-registered their businesses online should note that failure to re-register could result in the loss of rights and status under the Law on Commercial Enterprises and Law on Commercial Rules and Register.

The MOC has also warned that if an enterprise fails to re-register before the stated final deadline, it will notify the Ministry of Economy and Finance to settle tax obligations and will submit the matter to the courts for legal action.

Should you require further information or any assistance regarding the above matter or any other queries please feel free to contact us.

Sciaroni & Associates’ Corporate & Commercial Practice Group services the needs of local and the international businesses by providing advice and/or assistance with respect to all aspects of commercial law, foreign direct investment, commercial establishment, corporate structuring, mergers and acquisitions, regulatory compliance, general and industry-specific licensing, the drafting/review of commercial agreements, conducting corporate due diligence investigations and the provision of corporate secretarial services.
 
Sciaroni & Associates, one of Southeast Asia’s leading professional services and investment advisory firms, has been providing skilled counsel and knowledgeable business insights for over two decades. Based in Cambodia with legal offices in  Laos and Myanmar, our experienced team of advisors brings considerable general and sector-specific expertise to the challenges confronting companies doing business in emerging markets.  We are proud that our clients comprise many of the world’s premier companies, banks, financial institutions, governments and global development organizations.

For more information please visit www.sa-asia.com or contact us at info@sa-asia.com.


 
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Sciaroni & Associates is a leading professional and investment advisory firm doing business in Southeast Asia since 1993. Based in Cambodia with legal offices in Laos and Myanmar, we provide experienced advice and business insights to many of the world’s leading companies, governments, economic think tanks, global development funds, international NGOs and the Royal Government of Cambodia in accordance with strict international standards.
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