All business activities in the Lao PDR must be registered of enterprises | Administrative Requirements | Ministry of Industry and Commerce | Decision on Enterprise Registration no. 0023/MOIC.ERM, dated 09 January 2019 | 14-05-9999 |
all type of billboard use in Lao PDR must be written in Lao | Administrative Requirements | Ministry of Information, Culture and Tourism | Law on billboard no. 50/NA, dated 21 June 2018 | 02-10-9999 |
Allocation of net profits | Performance requirements (mandatory) | Bank of the Lao PDR | Decree on Microfinance Institutions No. 460/G, dated 3 October 2012 | 31-12-9999 |
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 Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
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 Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
An individual desirous of establishing an Insurance agency to be at least 18 years old | 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 |
An individual desirous of establishing an Insurance agency to be nationals of Lao PDR | Nationality (for services supplier) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
An individual desirous of establishing an Insurance agency to have never been bankrupt | 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 |
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 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 |
An individual desirous of establishing an Insurance agency to have never received a judgement against himself/herself | 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 |
An individual desirous of establishing an insurance agency to possess a certificate in insurance or training in the area | 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 |
An Individual desirous of operating as a broker must posses requisite certification | Licensing (based on qualifications / education) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
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 Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
An Individual desirous of operating as a broker to have never been in case as an insurance broker licensee and have such license dismissed | 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 |
An Individual desirous of operating as a broker to posses brokerage contract | 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 |
An Individual desirous of operating as a broker to possess approval to operate as such in accordance with national legislation | 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 |
An Insurance Business operator to annually renew license | Numerical restrictions (duration license) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
An Insurance Business Operator to pay licensing fee | Fee | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
Annual auditing | Performance requirements (mandatory) | Bank of the Lao PDR | Decree on Microfinance Institutions No. 460/G, dated 3 October 2012 | 31-12-9999 |
Annual Publication of financials | Administrative Requirements | Bank of the Lao PDR | Decree on Microfinance Institutions No. 460/G, dated 3 October 2012 | 31-12-9999 |