Cambodia most attractive investment destination in Asia: InvestAsian report
According to research conducted by InvestAsian, Cambodia is the most attractive destination for investment in Asia.
InvestAsian has ranked 15 countries based on a range of factors including economic growth, openness to foreign investment, along with ease of banking and doing business.
Cambodia came out on top, as the country has seen robust economic growth, is open to foreign property and business ownership and has simple processes to open bank accounts and get long term visas.
Commenting on the Index, Reid Kirchenbauer, founder of InvestAsian stated: “Cambodia topped the InvestAsian Index this year. Many countries in Asia are growing quickly, but a combination of rapid growth and business friendliness helped Cambodia rise above the rest”.
Despite the bad publicity, the Philippines ranks highly at number 2 thanks to its strong economy, the potential for foreigners to own property and ease of getting a visa.
And even though Malaysia has the lowest GDP growth of anywhere in the top 5, Malaysia which ranks third, is one of the few places in Asia where foreigners can buy and own land. In addition, the Malaysia My Second Home (MM2H) program lets investors get a visa and live in the country with ease.
China also ranks highly at number 4 thanks to its strong growth rate. But, unfortunately for those looking to invest in China, freehold property ownership is almost impossible.
Vietnam which ranks at number 5 isn’t the fastest growing country in the region, nor the friendliest to foreign investment, it’s simply better than most other places in Asia. All land in Vietnam is owned by the state, but foreign businesses face only moderate challenges.
According to the research, the worst country to invest in is Brunei. Brunei is the only destination on the index with negative growth over the past 5 years. Foreigners are also unable to own property or the majority of a business. Japan is second worst, with tepid growth and restrictive banking and visa laws and Hong Kong is third from the bottom.