1. One of the world’s top alliances Audit Tax Accounting Consulting Africa | Asia | Australasia | Europe | Latin America | Middle East & North Africa | North America | UK & Ireland

2. Your firm logo Established: 2006 Member of KICPAA: Feb 2010 Member of MGI Worldwide: Jan 2015 Mission: To provide professional services on Accounting, Audit, Tax, Corporate and Commercial, and M&A to all segments of SMEs, NGOs, MFIs, Bank, and Public Sectors in meeting and exceeding their full potential, and helping them to make changes in areas they have identified as important.

3. Your firm logo Service Line: - Audit and Assurance - Tax - Accounting - Corporate and Commercial

4. Your firm logo Board of Director Audit Partner MS. MAITA ExCom Committee & QC Committee Managing Partner MR. VEASNA TBD Operation Division TBD, Head Acc. & Admin Officer Admin Messenger Tax & Acc. Division TBD, Head Manager, Tax & Acc. Mr. Kim San Sr. Officer Team Leader/ Officers Sr. Officer Team Leader/ Officers Audit Division VBT, Head Manager, Audit TBD Senior Officer, Team Leader/ Auditors Senior Officer Team Leader/ Auditors Audit Partner MR. Francis 4 Partners (3 CPAs and 1 Non-CPAs) 20 Income Generating Staff 2 Others

5. Your firm logo Clients Status Number: 120 Industry: Technology and Telecom, Agriculture, Production, Service, Donor Funded Project, Trade, Tourism, Micro-finance and Mining.

6. Your firm logo Cambodia Office Mr. Chann Veasna, Partner C: +855(0) 78 666 001 | T: +855(0) 23 210 918 | Skype: apv-veasna E: cveasna@apvcambodia.com or info@apvcambodia.com W: www.apvcambodia.comcveasna@apvcambodia.cominfo@apvcambodia.comwww.apvcambodia.com Phnom Penh Centre, Building A, 3rd floor, Room 324, Corner of Sihanouk (274) & Sothearos Blvd (3), Phnom Penh Capital, Kingdom of Cambodia.

7. Investment Environment and Opportunities in Cambodia Presented by Chann Veasna Partner, APV

8. Key Indicators  Land area : 181,035 sq.km.  Population: 15 Million  Labor force (young) : 7,053,398 (Female: 3,608,345)  Population growth rate : 1.54%  GDP Growth (2013e) : 7.3%  GDP per capita (2013e) : $1,080  Inflation (2013e) : 4%  Exchange rate: USD 1= 4,000 Riels

9. Economic Performance Source: SNEC & MEF Average growth for last 5 years is 5.6% 2004200520062007200820092010201120122013e GDP per capita 4024685346237387318309099901,080

11.  Information & Application  Approval  Customs Duty & Tax Exemption  Visa & Work Permit  Company Registration A ONE STOP SERVICE

12. Licensing Authorities  Council of Ministers : CDC but needs approval from CoM for project with investment capital exceeding $ 50 million, BOT, BOOT, BOO or BLT, long-term strategy, sensitive projects: negative impact on the environment and natural resource exploitation  CDC : less than $ 50 million  Provincial Authorities : less than $ 2 million

13. Investment Approval Investment application CDC issues a Conditional Registration Certificate to the Applicant  Company Registration / Ministry of Commerce  Relevant licenses, as appropriate / Ministry of Industry and Energy  Review and approval of construction plan / local authorities-  Ministry of Land Management, Urban Planning and Construction.  Initial environmental impact assessment / Ministry of Environment  Tax Department Registration / Ministry of Economy and Finance CDC issues a Final Registration Certificate to the Applicant 3 working days 28 working days

14. Investment Incentives  20% Corporate Tax  Tax holidays: Trigger period +3years+n; 6y <TH<9y  Full Import Duty Exemption  Special Depreciation (Reinvestment of Earning)

15. Investment Protection  Equal treatment of all investors (foreigners = nationals )  No requirement of local equity participation  No price controls on products or services  No restriction on forex convertibility  Free remittance of foreign currencies abroad The Investment Law and Sub-decree contains a number of important guarantees for the investors The Investment Law and Sub-decree contains a number of important guarantees for the investors:

16. Encouraged Investment Activities  Agriculture and agro-industry  Transport and telecommunications  Energy and electricity  Labor-intensive industries, processing and manufacturing;  Tourism  Human resource development  Oil & Gas, Mining

17. Approved Investments by Country/Region (Outside SEZs 1994-2013)

18. Approved Investments by Sector 1994 –2013

19. Investments in Cambodia 2008-2013 Rank 200820092010201120122013 $11,420,127183$6,309,435,594$3,029,497,634$7,984,908,645$2,965,537,652$3,314,528,763 Country% % % % % % 1China39.45Cambodia60.81Korea35.10U.K30.93Cambodia42.08 Cambodia 68.80 2Cambodia36.73China14.93China28.73Cambodia29.76China20.69 China 15.68 3Korea10.89Vietnam5.58Cambodia14.91China22.05Korea9.89 Vietnam 6.10 4USA5.59Singapore4.81Malaysia8.53Vietnam8.65 Japan 9.15 Thailand 4.37 5Israel2.63Russia3.84Vietnam5.23Malaysia3.03Malaysia6.04 Korea 1.76 6Russia0.92Thailand3.53Portugal1.66Korea2.10Thailand4.53 Japan 1.59 7U.K0.59Korea2.89Australia1.65U.S.A1.78Vietnam2.89 Malaysia 1.04 8Austria0.54India1.90Singapore1.02 Japan 0.83Singapore2.59 Singapore 1.03 9Vietnam0.51Malaysia1.19Denmark0.97Australia0.31U.K0.51 UK 0.43 10France 0.50Japan0.20Japan0.86 Singapore 0.20U.S.A0.42 France 0.27 11Others 1.28Others0.32Others1.35Others0.35Others1.21 Others 0.96

20. Eco-Tourism Tourism Center Poipet Sihanoukville Gulf of Thailand 314km 230 km 150 km Beach & Island Resorts Bokor (hill resort)

21. Visitors to Cambodia Thousand (000) Vision 2020: Visitor arrival from 2010 – 2020 YEAR2010201220152020 Visitor Arrivals 2,508,2893,584,3075,100,0007,000,000

22. Manufacturing & Export  Competitive labor cost  Tax incentives  Market access  Asean Economic Community 2015

23. Cambodia’s Special Economic Zones No Activities Under Construction Operational Kampot SEZ Sihanoukville Port SEZ Poipet O’Neang SEZ Sihanoukville SEZ1 Sihanoukville SEZ2 Stung Hao SEZ S.N.C SEZ Kompong Som SEZ Koh Kong SEZ Souy Chheng SEZ Oknha Mong SEZ Kiri Sakor Koh Kong SEZ P (SEZ) I C Thary Kompong Cham SEZ GoldFame Pak Shun SEZ Duong Chhiv SEZ Phnom Penh SEZ M D S Thmor Da SEZ H K T SEZ Kandal SEZ Dragon King SEZ Hi Park SEZShangdong Shunshell Zhong Jiang SEZ Sanco Cambo Inv. Group

24. Reasons to invest in Cambodia  Open economy  Sound Macroeconomic Environment  Competitive Investment Incentives  One Stop Service – Fast-Track Investment Approval Process (28 days)  Low Labor Cost  Strategic Location  Preferential Trading Status  Access to ASEAN and World Markets

25. . Phnom Penh The Philippines Singapore Indonesia Myanmar Southern China Manila Bangkok Kunming Yangon Brunei Jakarta Begawan Hanoi Laos o Vientiane CAMBODIA Malaysia Kuala Lumpur Thailand Vietnam 1h:30 in average

26. Invest in Cambodia and you have 15 million consumers Invest in Cambodia and you have 15 million consumers Invest in Cambodia and you have 325 million consumers virtually at your doorstep Invest in Cambodia and you have 325 million consumers virtually at your doorstep Invest in Cambodia and you have 600 million consumers at your doorstep

27. Thank you