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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 1 - 20 of 110 items
NameTypeAgencyLawValidity
    
Business Registration of Insurance Agents and/or BrokersAdministrative RequirementsMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Categorization of services by insurance operators in accordance with provisions of the Ministerial Guidelines on Insurance Business Licensing No 770/MOFAdministrative RequirementsMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Criteria for issuance of a permanent license to 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
Duration of temporary insurance business operating licenseNumerical restrictions (duration license)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Joint venture between insurance company and insurance broker and foreign investor allowedForm of establishmentMinistry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Fee for a Broker License for a Legal EntityFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for a Life Insurance Operating LicenseFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for a Non Life Insurance Operating licenseFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for an Agency ID Card or certification letterFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for an Agency License for a Legal EntityFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for renewing agency ID card or certification letter for an individualFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for renewing agency license for a legal entityFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Requirement for a registered capital to operate as an insurance brokerMinimum capital requirementsMinistry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Fee for renewing broker ID card or certification letter for an individualFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for renewing broker license for a legal entityFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for Renewing Life Insurance operating licenseFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for renewing non-life insurance operating licenseFeeMinistry 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 acquire a good business background 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
Foreign investors to have approval to establish a representative insurance company office in accordance with laws in Lao PDRAuthorization / permit requirements Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
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
Level 0 and Level 1 Measures Also Applicable
Showing 1 - 20 of 552 items
NameTypeAgencyLawValidity
    
Requirement for consumer protection organisaitons to provide information on dangerous goods and servicesAdministrative RequirementsMinistry of Industry and CommerceConsumer Protection Law No. 02/NA, dated 30 June 201031-12-9999
Requirement for individuals and organizations to refrain from harmful conductProhibitionMinistry of Industry and CommerceConsumer Protection Law No. 02/NA, dated 30 June 201031-12-9999
Requirement for suppliers to comply with lawPerformance requirements (mandatory)Ministry of Industry and CommerceConsumer Protection Law No. 02/NA, dated 30 June 201031-12-9999
Requirement for suppliers to refrain from harmful conductProhibitionMinistry of Industry and CommerceConsumer Protection Law No. 02/NA, dated 30 June 201031-12-9999
Requirement to receivepermission to advertise goods and servicesAdvertising limitationsMinistry of Industry and CommerceConsumer Protection Law No. 02/NA, dated 30 June 201031-12-9999
Application Requirement of foreign enterprises providing financial services to establish branches in the Lao PDRAdministrative 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
Licensing Requirements for Foreign Investment and Joint VenturesLicensing (based on experience, track record, technical requirements, and/or other)Ministry of Industry and CommerceInstruction of the Minister of Industry and Commerce regarding the Declaration for Enterprise Registration in accordance with the Enterprise Law No. 0995/MOIC, dated 19 June 200831-12-9999
Notification Requirement of the establishment of branches by parent 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
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
Registration Requirement for Domestic Private InvestorAdministrative RequirementsMinistry of Industry and CommerceInstruction of the Minister of Industry and Commerce regarding the Declaration for Enterprise Registration in accordance with the Enterprise Law No. 0995/MOIC, dated 19 June 200831-12-9999
Prohibition on engaging in business activities associated with Bullets and weapons of all kinds (except for explosives used in industries) and war vehicles.ProhibitionMinistry of Industry and CommerceList of Prohibited Business Activities in Lao PDR ​No. 1592/MOIC.ERM, dated 26 August 201331-12-9999
Prohibition on engaging in business activities involving all types of radioactive mineralsProhibitionMinistry of Industry and CommerceList of Prohibited Business Activities in Lao PDR ​No. 1592/MOIC.ERM, dated 26 August 201331-12-9999
Prohibition on engaging in business activities involving Banknote paper, banknote ink, banknote printer and coin making machineProhibitionMinistry of Industry and CommerceList of Prohibited Business Activities in Lao PDR ​No. 1592/MOIC.ERM, dated 26 August 201331-12-9999
Prohibition on engaging in business activities involving chemicals of high-level danger type 1ProhibitionMinistry of Industry and CommerceList of Prohibited Business Activities in Lao PDR ​No. 1592/MOIC.ERM, dated 26 August 201331-12-9999
Prohibition on engaging in business activities involving opium, opium balls, poppy seeds, opium poppies, other opium products, coco leaves, marihuana in various forms, cocaine and their derivatives.ProhibitionMinistry of Industry and CommerceList of Prohibited Business Activities in Lao PDR ​No. 1592/MOIC.ERM, dated 26 August 201331-12-9999
Requirement to apply for enterprise name in all sectorsAdministrative RequirementsMinistry of Industry and CommerceNotification regarding the Instruction on Name and Code of Enterprise No. 0064/MOIC.ERO, dated 10 January 201331-12-9999
Requirement to reserve the enterprise nameAdministrative RequirementsMinistry of Industry and CommercePROVISION on Application for Registration and Approval of Enterprise Names No. 0924/MOIC , dated 04 June 200831-12-9999
Business operating license shall be extended 30 days prior its expiration date Administrative RequirementsMinistry of Industry and CommerceInstruction on Business Operating License for Business Authorities under Industry and Commerce no. 0045/MOIC.ERM, dated 18 January 201923-09-9999
Business operating license, which is not required the technical monitoring and the assessment of periodic movements, shall be issued wihout expiration dateNumerical restrictions (duration license)Ministry of Industry and CommerceInstruction on Business Operating License for Business Authorities under Industry and Commerce no. 0045/MOIC.ERM, dated 18 January 201923-09-9999
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