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Service
Level 1
  81 Financial Services 07

Level 2
  813, 814 Other Financial Services 07C

Level 3
  813,814 Other Financial Services 07Ca

Measures Applicable at this Level
Showing 1 - 12 of 12 items
NameTypeAgencyLawValidity
    
Currency exchange operators are prohibited to operate business outside the licensed premisesProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202015-10-9999
prohibited from conducting currency trading contrary to BOLProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202015-10-9999
prohibited from currency trading in excess of its registered limits per day;ProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202015-10-9999
prohibited from opening its own bank saving account in overseas.ProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202015-10-9999
prohibited from providing their own enterprise registration certificates to someone elseProhibitionMinistry of HealthDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202016-10-9999
prohibited from setting, posting, implementing and conducting currency trading at the exchange rate contrary to the regulations set by the Bank of the Lao PDRProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202015-10-9999
prohibited from using the expired enterprise registration certificate;ProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202015-10-9999
prohibited from using their personal or any other bank account to conduct currency tradingProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202016-10-9999
prohibited to delay the exchange rate announcement and currency trading ProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202016-10-9999
Prohibited to exchange the currencies directly with commercial banks, individuals or legal entities which are located in oversea. ProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202015-10-9999
prohibited to provide service for selling only or buying only ProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202016-10-9999
prohibited to relocate the premises without the approval ProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202016-10-9999
Level 0, Level 1 and Level 2 Measures Also Applicable
Showing 21 - 40 of 840 items
NameTypeAgencyLawValidity
    
All business activities in the Lao PDR must be registered of enterprisesAdministrative RequirementsMinistry of Industry and CommerceDecision on Enterprise Registration no. 0023/MOIC.ERM, dated 09 January 201914-05-9999
all type of billboard use in Lao PDR must be written in LaoAdministrative RequirementsMinistry of Information, Culture and TourismLaw on billboard no. 50/NA, dated 21 June 201802-10-9999
Allocation of net profitsPerformance requirements (mandatory)Bank of the Lao PDRDecree on Microfinance Institutions No. 460/G, dated 3 October 201231-12-9999
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
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
An individual desirous of establishing an Insurance agency to be at least 18 years oldLicensing (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 individual desirous of establishing an Insurance agency to be nationals of Lao PDRNationality (for services supplier)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
An individual desirous of establishing an Insurance agency to have never been bankruptLicensing (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 individual desirous of establishing an insurance agency to have never been in a case within 5 years prior to the submission of a licensing applicationLicensing (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 individual desirous of establishing an Insurance agency to have never received a judgement against himself/herselfLicensing (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 individual desirous of establishing an insurance agency to possess a certificate in insurance or training in the areaLicensing (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 Individual desirous of operating as a broker must posses requisite certificationLicensing (based on qualifications / education)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
An Individual desirous of operating as a broker never been sentenced for intentional economic torts 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
An Individual desirous of operating as a broker to have never been in case as an insurance broker licensee and have such license dismissedLicensing (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 Individual desirous of operating as a broker to posses brokerage contractLicensing (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 Individual desirous of operating as a broker to possess approval to operate as such in accordance with national legislationLicensing (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 Insurance Business operator to annually renew licenseNumerical restrictions (duration license)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
An Insurance Business Operator to pay licensing feeFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Annual auditingPerformance requirements (mandatory)Bank of the Lao PDRDecree on Microfinance Institutions No. 460/G, dated 3 October 201231-12-9999
Annual Publication of financialsAdministrative RequirementsBank of the Lao PDRDecree on Microfinance Institutions No. 460/G, dated 3 October 201231-12-9999
Related Procedures