{"id":30246,"date":"2022-08-09T23:14:44","date_gmt":"2022-08-09T16:14:44","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=30246"},"modified":"2022-08-09T23:14:44","modified_gmt":"2022-08-09T16:14:44","slug":"cambodia-launches-cm2h-programme-to-encourage-foreign-investors","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/cambodia-launches-cm2h-programme-to-encourage-foreign-investors\/","title":{"rendered":"Cambodia launches CM2H programme to encourage foreign investors"},"content":{"rendered":"

Those who apply to the programme will be entitled to 10-year visas without entry or exit restrictions<\/span><\/p>\n

\"\"
The Cambodian government is introducing a \u201cspecial tourist policy\u201d to help the tourism sector by attracting big spenders, long-staying and repeat visitors, and potential investors. Nathan Bai\/Shutterstock<\/figcaption><\/figure>\n

Last month, Cambodia launched a programme that entitles 10-year visas and other benefits to those who invest in the country.<\/span><\/p>\n

Cambodia My 2nd Home (CM2H), according to <\/span>The Laotian Times<\/span><\/a>, was exclusively launched by the Khmer Home Charity Association. Its goal is to promote trade and investment without unauthorised intermediary companies.\u00a0<\/span><\/p>\n

Those who apply to the programme will be entitled to 10-year visas without entry or exit restrictions. After five years, they will also have an option to apply for Cambodian citizenship.<\/span><\/p>\n

Apart from these, they will also benefit from the Khmer Home Charity Association, wherein they will be granted access to local insurance coverage and VIP medical treatment, among other advantages.<\/span><\/p>\n

Candidates must be citizens of countries or regions recognised by the national government, and their minimum investment capital must be not less than USD100,000 in Cambodia. They must also own a real estate project approved by the Cambodian government, according to the official <\/span>CM2H<\/span><\/a> website.<\/span><\/p>\n

More: Cambodia to be classified as the new Asian Tiger, outpaces its neighbours<\/a><\/strong><\/p>\n

Thailand has also started offering 10-year visas, and this has sparked debate within the community.<\/span><\/p>\n

The governments of Thailand and Cambodia are eager to entice wealthy executives, specialists, entrepreneurs, the idle-rich, and even retirees if they ever find themselves prepared to continuously invest enormous sums of money, reported the <\/span>Khmer Times<\/span><\/a>.<\/span><\/p>\n

The key distinction is that Thailand’s LTR permits other types of investment, whereas Cambodia’s CM2H is strictly related to real estate purchases.<\/span><\/p>\n

Meanwhile, <\/span>The Phnom Penh Post<\/span><\/a> recently reported that the Cambodian government is introducing a \u201cspecial tourist policy\u201d to help the tourism sector by attracting big spenders, long-staying and repeat visitors, and potential investors.<\/span><\/p>\n

Ministry secretary of state Tith Chantha noted that the typical traveller usually spends USD700 to USD800 during their stay in Cambodia. A \u201cspecial tourist\u201d typically spends USD2,000 to USD3,000. The latter also tends to stay longer and have businesses or jobs in the country.<\/span><\/p>\n

Moreover, he said the policy aims to make ecotourism an attractive investment option, as well as include mechanisms to attract more tourists.<\/span><\/p>\n

The Property Report editors wrote this article. For more information, email: propertyreport@propertyguru.com<\/a>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Those who apply to the programme will be entitled to 10-year visas without entry or exit restrictions<\/p>\n","protected":false},"author":12,"featured_media":30247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","news_country-cambodia","news_author-property-report"],"acf":[],"yoast_head":"\nCambodia launches CM2H programme to encourage foreign investors | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/cambodia-launches-cm2h-programme-to-encourage-foreign-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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