Cambodia is a beautiful, exotic country that has much to offer investors—a stable economy, a low cost of living, and friendly people. This year, the Cambodian government has made it easier for foreigners to invest in the country by creating the Cambodia My 2nd Home (CM2H) program. Under this program, foreign investors can buy property in Cambodia and get visas that let them and their families live there permanently. If you’re thinking about investing in Cambodia, here’s everything you need to know about the CM2H program.
What is Cambodia My 2nd Home (CM2H) Program
Cambodia My 2nd Home (CM2H) was started by the Khmer Home Charity Association (KHCA), which is the only group that the Kingdom of Cambodia officially recognizes. CM2H aims to show the world the beauty of Cambodia. People from all over the world can sign up for CM2H membership to get a wide range of services and advice in areas like immigration, business, education, families, etc.
The purpose of this law was to make it possible for foreigners to live in Cambodia for a long time and to attract foreign investors to invest there.
How the CM2H program works
Under the CM2H program, foreigners are granted a Cambodia visa that allows them to stay in the country for up to 10 years. The right to buy a home and the right to health care and education are other benefits that immigrants can get. The program has been successful at getting investors from all over the world, and its efforts to help the Cambodian economy have been praised. If you are considering investing in Cambodia, the CM2H program is definitely worth checking out.
The Benefits of the CM2H Program
The CM2H Program has been highly successful in attracting retirees, investors, and entrepreneurs to Cambodia. The following benefits are what you can get once you apply for the CM2H program:
- You will get a 10-year Golden Visa, which after 5 years can lead to a Cambodian passport.
- Help with setting up a business in Cambodia, getting a work permit, and even opening a bank account.
- You’ll get education advice and help to find the best school for your children.
- They will help with matters like investments, risk analysis, insurance, taxes, and retirement plans.
- Auto-granted for a 10-year KHCA membership.
- Healthcare protection for a year.
- Help with managing your property, like buying, selling, renting, and other related services.
- Help to get your driver’s license in Cambodia.
- Assist you in managing your trust account.
- You will receive one complimentary VIP concierge service at the airport, or you can arrange a standard airport pick-up or city tour.
- Assist you in making your hotel reservations.
- You can ask them for help if you need a lawyer or a certified accountant.
- You’ll get a basic Khmer translation to make sure your life in Cambodia goes smoothly.
- You can get special merchant discounts from different brands.
How to Apply for the CM2H Program
There are five steps to applying to the CM2H program.
Step 1: Verification Process
Each member of your family must show the following documents to the Ministry of Interior:
- Registration form
- Proof of your identity and background:
- Academic or professional certificates
- Identification card
- 5 passport-size photos
Step 2: The Application Process
You have to submit a certified true copy to process your CM2H application.
- Application form
- If you own companies, you should be certified or licensed for each one
- 1 year’s bank statement with detailed transaction
- Proof of income
- Certificates or titles of assets if you have any assets
- If you are married, you must have a marriage certificate
- Dependent birth certificates are required if you are applying as a family
- Medical report from a hospital in your home country
Step 3: The Approval Process
You must pay your membership fee once the Ministry of Interior approves your application for CM2H. It is also necessary to send in the sales and purchase agreement for the approved property project.
Step 4: Preparation for Moving
In addition to the Cambodian visa, business license, and membership cards for KHCA and CM2H, any other documents you need will be given to you at this time. If you need it, they will help you find a place to live, register your business, and get an education. You can get the papers you need to open a bank account in Cambodia.
Step 5: Moving into Cambodia
Upon arrival in Cambodia, you will get your Cambodian health care insurance. You can get assistance to book your accommodations if needed. If you have a business, you can start running it. If you plan to work in a country, you will receive your work permit thirty days after arriving.
Why you should choose Cambodia for your next vacation home purchase
Cambodia is becoming more and more popular as a place to buy a second home. Cambodia has a lot to offer vacation home buyers. The CM2H Program makes it easy for buyers to purchase a vacation home in Cambodia.
The program offers a wide variety of benefits, including:
- Cambodians are very friendly and welcoming to foreigners.
- The cost of living is very low.
- It has amazing natural beauty, with pristine beaches, lush jungles, and incredible mountains.
- It is a very safe country with little crime.
- It has a wide range of things to do and see for tourists, including ziplining, hiking, fishing, and canyoning.
If you are thinking about purchasing a vacation home, Cambodia should be at the top of your list!
The CM2H program has been incredibly successful. The program has brought in over $1 billion in foreign investment and created thousands of jobs. Cambodia is now one of the fastest-growing economies in the world, and the CM2H program is a big reason.
Thanks to foreign investment, Cambodia is building new infrastructures, such as roads, bridges, and schools. The CM2H program attracts skilled professionals from around the world who bring with them new skills and knowledge.
There is no doubt that the CM2H program has been helpful for Cambodia. Thanks to this program, Cambodia is on track to become a developed nation within a generation.
Are you ready to join us on this journey? I look forward to welcoming you to Cambodia and showing you all the country has to offer. It’s an amazing country with a rich history, friendly people, and delicious food. If you’re interested in learning more about the CM2H program or applying, please visit our website. We can’t wait to have you in Cambodia.