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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
    
Foreign investor may form joint venture or totally ownedforeign owned companyForm of establishmentinsurance Management AuthorityMinisterial Instruction on implmenting the Law on Insurance No. 539/MOF, dated 19 February 201431-12-9999
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
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
Requirement for application to be submitted to establish and operate an insurance company between a foreign insurance company and insurance brokerLicensing (based on experience, track record, technical requirements, and/or other)Ministry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Requirement for domestic and foreign individuals and legal entities to have a license to operate an insurance businessLicensing (based on experience, track record, technical requirements, and/or other)Ministry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Requirement for establishing an insurance business is the grant of a license based on technical requirementsLicensing (based on qualifications / education)Ministry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Requirement for establishing an insurance business: a minimum capitalMinimum capital requirementsMinistry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Requirement for insurer to have registered capital and security depositMinimum capital requirementsinsurance Management AuthorityMinisterial Instruction on implmenting the Law on Insurance No. 539/MOF, dated 19 February 201431-12-9999
Requirement for insurers and insurance brokers to create a reserved fundMinimum capital requirementsMinistry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Requirement for license fee to operate insurance businessFeeMinistry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Requirement for license toinvest in insurance businessLicensing (based on experience, track record, technical requirements, and/or other)insurance Management AuthorityMinisterial Instruction on implmenting the Law on Insurance No. 539/MOF, dated 19 February 201431-12-9999
Requirement for professional liability insurance for insurance brokerPerformance requirements (mandatory)Ministry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Requirement for security deposit by insurance business operatorMinimum capital requirementsMinistry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Requirement of a license for the establishment of a representative office of a foreign insurance businessLicensing (based on experience, track record, technical requirements, and/or other)Ministry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Requirement to be licensed to operate insurance broker businessLicensing (based on experience, track record, technical requirements, and/or other)insurance Management AuthorityMinisterial Instruction on implmenting the Law on Insurance No. 539/MOF, dated 19 February 201431-12-9999
Requirement to be licensed tooperate insurance broker business related to partnershpcontractLicensing (based on experience, track record, technical requirements, and/or other)insurance Management AuthorityMinisterial Instruction on implmenting the Law on Insurance No. 539/MOF, dated 19 February 201431-12-9999
Requirement to have deposit security to operate insurance broker businessMinimum capital requirementsinsurance Management AuthorityMinisterial Instruction on implmenting the Law on Insurance No. 539/MOF, dated 19 February 201431-12-9999
Requirement to prohibit various practices by insurer and insurance brokerNumerical restrictions (other)Ministry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Requirements for being insurance agent include nationality and residencyNationality and Residency Requirements (for senior personnel)Ministry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Requirements for registered capital and working capitalMinimum capital requirementsMinistry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Level 0 and Level 1 Measures Also Applicable
Showing 1 - 20 of 492 items
NameTypeAgencyLawValidity
    
Approved lease or concession of state owned land is zonedZoning restrictionsLand inspection AuthorityInstruction As regards the implementation of decree on state-owned land approval for lease or concession No. 20/PMO.NLMA, dated 9 April 201031-12-9999
Capital requirement by foreigners for investment in general business.Minimum capital requirementsMinistry of Planning and InvestmentLaw on Investment Promotion No. 02/NA, dated 8 July 200931-12-9999
Duration for Business Establishment or Project OperationNumerical restrictions (duration license)Land inspection AuthorityPrime Minister’s Decree on the Leasing of State Land No. 135/PM, dated 25 May 200931-12-9999
Investment Approval ProceduresAuthorization / permit requirements Ministry of Planning and InvestmentLaw on Investment Promotion No. 02/NA, dated 8 July 200931-12-9999
Limitation placed on duration of land lease for foreignersNumerical restrictions (duration license)Land inspection AuthorityAmended Land Law No. 04/NA, dated 21 October 200331-12-9999
Prohibition of sending Lao labor overseas in dangerous work conditionsProhibitionMinistry of Labour and Social WelfareAmended Labour Law No. 43/NA, dated 24 December 201331-12-9999
Requirement for acquisition of land use rights to be determined on 3 basesLand Ownership Land inspection AuthorityAmended Land Law No. 04/NA, dated 21 October 200331-12-9999
Requirement for approval for lease or concession of state owned landAuthorization / permit requirements Land inspection AuthorityInstruction As regards the implementation of decree on state-owned land approval for lease or concession No. 20/PMO.NLMA, dated 9 April 201031-12-9999
Requirement for approval for transferring concession rights or sharesAuthorization / permit requirements Ministry of Planning and InvestmentDecree on the Implementation of the Investment Promotion Law No. 119/PM, dated 20 April 201131-12-9999
Requirement for approval to grant lease or concession of State land which must specify land use objctivesAdministrative RequirementsLand inspection AuthorityPrime Minister’s Decree on the Leasing of State Land No. 135/PM, dated 25 May 200931-12-9999
Requirement for authorisation to use rights acquired from land lease or land concession as collateralAuthorization / permit requirements Land inspection AuthorityPrime Ministerial Decree on the Implementation of the Land Law No. 88/PM, dated 3 June 200831-12-9999
Requirement for branches of foreign legal entity to be registeredAdministrative RequirementsMinistry of Planning and InvestmentLaw on Investment Promotion No. 02/NA, dated 8 July 200931-12-9999
Requirement for business cooperation contract to be declared and certifiedAdministrative RequirementsMinistry of Planning and InvestmentLaw on Investment Promotion No. 02/NA, dated 8 July 200931-12-9999
Requirement for business operators not to engage in anticompetitve conductProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Requirement for change of ownership of trademark to be recordedPerformance requirements (non-mandatory)Science Technology and Environment AgencyDecree on Trademarks No. 06/PM, dated 18 January 199531-12-9999
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 establishment of recruitment service enterprises to be based on meeting technical requirementsNationality (for services supplier)Ministry of Labour and Social WelfareAmended Labour Law No. 43/NA, dated 24 December 201331-12-9999
Requirement for establishment of recruitment service enterprises to be based on meeting technical requirementsAuthorization / permit requirements Ministry of Labour and Social WelfareAmended Labour Law No. 43/NA, dated 24 December 201331-12-9999
Requirement for establishment of recruitment service enterprises to be based on meeting technical requirementsLicensing (based on experience, track record, technical requirements, and/or other)Ministry of Labour and Social WelfareAmended Labour Law No. 43/NA, dated 24 December 201331-12-9999
Requirement for fee in the form of warranty to be deposited to conduct concession investmentFeeMinistry of Planning and InvestmentDecree on the Implementation of the Investment Promotion Law No. 119/PM, dated 20 April 201131-12-9999
Related Procedures