Billboard for private enterprise shall be in yellow background with red letter | Administrative Requirements | Ministry of Information, Culture and Tourism | Law on billboard no. 50/NA, dated 21 June 2018 | 02-10-9999 |
Type 1 of Representative office is valid for 1 year and can be extended for 3 times (1 time/1 year) | Numerical restrictions (duration license) | Ministry of Planning and Investment | Decision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 2018 | 16-09-9999 |
A Legal entity desirous of establishing an insurance agency to be in possession of a contract as an agency with an insurance company | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
A Legal entity desirous of establishing an insurance agency to be registered in accordance with the laws of Lao PDR | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
A Legal entity desirous of establishing an insurance agency to have a minimum registered capital | Minimum capital requirements | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
A Legal entity desirous of establishing an insurance agency to have an official office and organisational structure | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
A Legal entity desirous of establishing an insurance agency to have never been in a case where an insurance agent's license was terminated within specified period prior to licensing application | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
A Legal entity desirous of establishing an insurance agency to have qualified employees | Licensing (based on qualifications / education) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
A Legal entity desirous of establishing an insurance agency to skilled senior employees with sound technical experience | Licensing (based on qualifications / education) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
A legal entity desirous of operating as a broker to have brokerage contract with an insurance company | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
A legal entity desirous of operating as a broker to have deposits similar to an insurance company | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
A legal entity desirous of operating as a broker to have minimum registered capital | Minimum capital requirements | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
A legal entity desirous of operating as a broker to have never been in a case where its insurance broker license was terminated | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
A legal entity desirous of operating as a broker to possess approval for becoming a broker in accordance with national laws | Authorization / permit requirements | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
A legal entity desirous of operating as a broker to possess requisite qualifications | Licensing (based on qualifications / education) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
Accounts Keeping for entities under the Value Added System | Other measures | Ministry of Finance | Law on Value-Added Tax (Revised Version) No. 52/NA, dated 23 July 2014 | 31-12-9999 |
Adherence to Accounting and Invoicing Standards | Performance requirements (mandatory) | Ministry of Finance | Law on Value-Added Tax (Revised Version) No. 52/NA, dated 23 July 2014 | 31-12-9999 |
Adherence to anti money laundering measures | Performance requirements (mandatory) | Bank of the Lao PDR | Decree on Microfinance Institutions No. 460/G, dated 3 October 2012 | 31-12-9999 |
Adherence to international financial and accounting standards and regulations by Insurance Business Operators | Performance requirements (mandatory) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
Advise the Bank of the authority of the insurance adviser to review account balance | Other measures | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |