Sok Xing & Hwang Assists in Establishment of a Leading Footwear Factory in Kampong Speu
Sok Xing & Hwang has recently assisted a client in setting up North Star Footwear Co., Ltd., a footwear production company located in Kampong Speu province, Cambodia, with the prospect of creating several hundreds of employment for the local people. Being a foreign investor in Cambodia, the client was unfamiliar with local laws and regulations pertaining to its investment and applicable investment incentives. Sok Xing & Hwang provided legal counsel, guidance, and assistance to the client throughout the process of setting up the footwear company.
Sok Xing & Hwang's team of experienced lawyers, spearheaded by Mr. Peou Putheavy, Senior Associate and Project Manager and assisted by Mr. Heng Sovantara, Legal Assistant, helped the client navigate the legal complexities of setting up a factory, including obtaining the necessary Qualified Investment Project (QIP) status, securing other necessary permits and licenses for factory operation, drafting contracts, ensuring compliance with local laws and regulations, and dealing with provincial authorities in respect of compliance requirements.
The client expressed satisfaction with Sok Xing & Hwang's services, stating that the team was professional, knowledgeable, and responsive throughout the factory set-up process.
The successful collaboration between Sok Xing & Hwang and the client is a testament to the importance of seeking legal counsel when setting up a new business by a foreign investor in Cambodia.
It is noted that foreign direct investment plays a crucial role in growing the economy of Cambodia and creating quality employment for the local people. Sok Xing & Hwang takes great pride in its service and contribution to facilitating foreign direct investment in the country.