Law on Amendment of the Law on Investment 1994, No. 010.

This Law is enacted to amend the Law on Investment 1994.
The Law on Investment 1994 governs all Qualified Investment Projects and defines procedures by which any person establishes a Qualified Investment Project. Article 1,2,6,7,8,10,12,14,16,18,20,21,22, 23, 24, 25, 26 and 27 of the Law on Investment are amended.
Article 1 is amended as follows: The Law governs all Qualified Investment Projects and defines procedures by which any person establishes a qualified Investment Project. Only Qualified Investment Projects are entitled to the benefits subject to the scope of this Law. According to the new Article 16, ownership of land by investors for the purpose of carrying on a QIP shall be vested in natural persons holding Cambodian citizenship or in Cambodia Entities. Use of land shall be permitted to investor including concessions unlimited long-term leases and limited short-term leases which are renewable in renewable in compliance with the provisions of the land Law.