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NameMinimum Capital requirement for establishment of foreign exchange business which is not a commercial bank
DescriptionAn individual and a legal person, who are not a commercial bank, desirous of operating a foreign exchange business in the form of foreign exchange bureau or foreign exchange agent must have registered capital of 200 million Kip for the establishment in Vientiane Capital and 100 million Kip in provinces or special zone
Comments-
Validity From02-04-2010
Validity To31-12-9999
ReferenceArticle 14
StatusActive
Measure TypeMinimum capital requirements
Agency NameBank of the Lao PDR
Legal DocumentInstruction on Implementation of Decree Law on Management of Foreign Currency and Precious Metals No. 1/PC dated 17 March 2008 No. 01/BOL, dated 2 April 2010
This measure applies to Service