Cambodia

Cambodia Citizenship by Investment (Project-Based)

Citizenship is a function of discretionary economic partnership

Cambodia offers citizenship through investment in approved projects, though the programme is more opaque and less formalised compared to many CBI schemes. It suits investors comfortable with “frontier” frameworks and willing to engage deeply in a discretionary regime.

Program Overview

The exact investment amounts, approved project lists and clear official rules are not publicly transparent in detail for 2025. Sources suggest investments start from approximately USD 245,000 for project investment or donation.

Key Advantages

• Southeast Asian gateway: Cambodia’s location offers regional diversification.

• No explicitly required residency or language test cited in many sources.

• Potentially lower thresholds than many European-based programmes.

Investment Requirement

• Donation or project investment: Starting from USD 245,000 (or USD 305,000 for project investment) in some sources. belalgarve.com

• Family inclusion & specifics vary; process bespoke.

Process & Eligibility

• Investment must be made in an approved project (manufacturing, real-estate, infrastructure) that receives government/CDC approval.

• Multiple visits may be required: Cambodia may require three visits for documentation, submission and oath/pick-up.

• High discretionary element: citizenship granted by Royal Decree; less standardised.

Important Considerations

• Transparency is limited: No clearly published list of approved projects, thresholds or processing times.

• Legislative changes in 2025 allow revocation of citizenship for conspiring with foreign nations — a factor for risk assessment.

• Because of the discretionary nature, legal certainty and predictability are lower than in more mature schemes.

Conclusion

Cambodia’s citizenship-by-investment pathway provides a Southeast-Asian option for investors comfortable with less-structured regimes, lower thresholds and frontier risk. It appeals to those seeking alternative horizon strategies. However, the trade-off is less transparency, higher regulatory risk and potential changes in the legislative environment.

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