ACE Magazine: Issue 2 / 2016 ACE Magazine: Issue 2 / 2016 | Page 45

ASEAN COMMUNITY OF ENTREPRENEURS EXPAT ENTREPENEUR Cambodia: A Frontier for Learning, Start-Ups, Expat Retirement ADAPTED FROM THE REACH MAGAZINE G oing into the new century, Cambodia has plenty of good things going for itself. Looked down in the past as a backwater hellhole with bad hospitals and Potemkin villages, Cambodia has risen from the ashes and is now a gem of a place to do plenty of things. An emerging market in the most stable regional economic zone in the world, Cambodia has everything entrepreneurs want to explore and be among the first to reap the rewards of having a business or social development project there. If you are from the ASEAN region and are looking for a place that will grow and gracefully evolve into an economic and cultural tiger, Cambodia may just be your best bet. There will be growing pains for anyone who sets up shop in Phnom Penh because the Khmer government is still laying down the groundwork for everyone to play fair and get the best deal out of everything. However, the most gratifying news may be that local rules allow businesses to be fully owned by foreign investors and the relatively ease of moving money in and out of the country. ISSUE 2 : 2016 | ASEAN COMMUNITY OF ENTREPRENEURS 43