Sub-Decree on the Implementation of the Law on the Amendment to the Law on Investment of the Kingdom of Cambodia, No. 111.

The objective of this Sub-Decree is to supplement and govern the application and implementation of the Law on Investment and to encourage and regulate investments in the Kingdom of Cambodia by Cambodian entities and foreign entities.
According to Article 2, this Sub-Decree applies to all investment activities other than those activities set out in the Negative List in Schedule 1, Part 1 of this Sub-decree as provided in Article 7 of the Law on Investment. The Royal Government welcomes investments in all economic activities from Cambodian Entities and Foreign Entities, subject only to the restrictions set out in Article 2 of this Sub-Decree.
Every Qualified Investment Project (QIP) registered at the Council and provincial/municipal investment sub-committee shall be governed by this Sub-Decree. Article 5-8 cope with the investment proposals and registration certificates. Article 9-12 provide for acquisition and merger of QIPs. Article 19-20 deal with land ownership and land use. The Land Ownership serving the Investment Activity is to be vested in a Cambodian natural person or legal entity in compliance with the Law in force. In addition to the Ownership Rights, the Cambodian Investor is entitled to use land in various forms, including concession, lease, transfer, and as securities. A Foreign Legal Entity may use the land in various forms, including concession, long term lease for 15 (fifteen) years or more, and renewable short term lease.