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Service
Level 1
  81 Financial Services 07

Level 2
  812 All insurance and insurance-related services 07A

Measures Applicable at this Level
Showing 81 - 100 of 110 items
NameTypeAgencyLawValidity
    
Foreign Investors to possess 5 years of experience in operating an insurance business to establish an insurance company an obtain a Business Operating License in Lao PDRLicensing (based on experience, track record, technical requirements, and/or other)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Foreign Investors to possess approval letter to establish and operate insurance businessLicensing (based on experience, track record, technical requirements, and/or other)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
An applicant who establishes and operates an insurance company must never been included on the list of transnational crimes Licensing (based on experience, track record, technical requirements, and/or other)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Agency to obtain tax certificate from the tax DepartmentAdministrative RequirementsMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Agency to register with Tax DepartmentAdministrative RequirementsMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Broker or representation for an insurance company to possess a Certified Identification CardAdministrative RequirementsMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Broker or representation for an insurance company to present Certified Identification Card at each occasion whereby insurance is being soldAdministrative RequirementsMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Broker must meet professional criteria as insurance agency to operate businessLicensing (based on qualifications / education)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Brokers to adhere to applicable national laws and regulationsPerformance requirements (mandatory)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Brokers to adhere to taxation regulationsPerformance requirements (mandatory)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Brokers to obtain approval to operate businessAuthorization / permit requirements Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Business Operators to act in congruence with the types, forms and scope of insurance business operations stated in Article 19 of the Insurance Law No 06/NA dated 21 December 2011Administrative RequirementsMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Business Operators to adhere to customs obligationsPerformance requirements (mandatory)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Business Operators to adhere to national legislationPerformance requirements (mandatory)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Business Operators to adhere to tax obligationsPerformance requirements (mandatory)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Business Operators to comply with international commitmentsPerformance requirements (mandatory)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Business Operators to comply with national laws, regulations and procedures to obtain an Insurance Business LicenseLicensing (based on experience, track record, technical requirements, and/or other)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance business operators to deposit 1/3 of its total registered capital for risk guaranteeAdministrative RequirementsMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Business Operators to develop summary reports of business operationsPerformance requirements (mandatory)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Insurance Business Operators to pay all applicable feesFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Level 0 and Level 1 Measures Also Applicable
Showing 81 - 100 of 552 items
NameTypeAgencyLawValidity
    
Obligatory Performance Requirements for Foreign InvestorsPerformance requirements (mandatory)Ministry of Planning and InvestmentDecree of the Prime Minister Regarding the Implementation of the Law on the Promotion and Management of Foreign Investment in the Lao People's Democratic Republic No. 46/PM, dated 23 March 200131-12-9999
Obligatory Performance Requirements for Foreign InvestorsPerformance requirements (mandatory)Ministry of Planning and InvestmentDecree of the Prime Minister Regarding the Implementation of the Law on the Promotion and Management of Foreign Investment in the Lao People's Democratic Republic No. 46/PM, dated 23 March 200131-12-9999
Obligatory Requirements for Foreign InvestorsAdministrative RequirementsMinistry of Planning and InvestmentDecree of the Prime Minister Regarding the Implementation of the Law on the Promotion and Management of Foreign Investment in the Lao People's Democratic Republic No. 46/PM, dated 23 March 200131-12-9999
Parent enterprises to assign work to BranchesForm of establishmentMinistry of Industry and CommerceGuidelines for Establishment of Foreign Enterprise Branch (Legal Entity) in Lao PDR No. 1619/MOIC.ERM, dated 28 August 201331-12-9999
Performance Requirements of Foreign EnterprisesAdministrative RequirementsMinistry of Industry and CommerceGuidelines for Establishment of Foreign Enterprise Branch (Legal Entity) in Lao PDR No. 1619/MOIC.ERM, dated 28 August 201331-12-9999
Period for the Commencement of Business OperationAdministrative RequirementsEnterprise Management and Inspection AuthorityLaw on Enterprises No. 46/NA, dated 23 December 201331-12-9999
Prohibited Acts and Business Transactions within a Partnership EnterpriseProhibitionEnterprise Management and Inspection AuthorityLaw on Enterprises No. 46/NA, dated 23 December 201331-12-9999
Prohibition on abusing Dominant Market Position and Market MonopolyProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on activities of Foreign InvestorsProhibitionMinistry of Planning and InvestmentDecree of the Prime Minister Regarding the Implementation of the Law on the Promotion and Management of Foreign Investment in the Lao People's Democratic Republic No. 46/PM, dated 23 March 200131-12-9999
Prohibition on Discrediting other Business OperatorsProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on driving other business operators out of the marketProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on Employment of Foreign NationalsNationality (for services supplier)Ministry of Planning and InvestmentDecree of the Prime Minister Regarding the Implementation of the Law on the Promotion and Management of Foreign Investment in the Lao People's Democratic Republic No. 46/PM, dated 23 March 200131-12-9999
Prohibition on Engaging in Unfair Sales PromotionProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on impeding other business operators to access to the marketProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on imposing the different prices or terms of purchasing and selling of the same kind of goods and servicesProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on Imposing the terms on purchasing and selling of goods and servicesProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on the Denial of Access to Certain Facilities resulting in the Creation of Obstacles to Business OperationProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on the Fixing of Market Shares and Sharing/Dividing MarketsPerformance requirements (mandatory)Business competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on the Fixing of Production QuantitiesProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on the Fixing of the prices of purchasing and selling goods and services unfairlyProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Related Procedures