Name | Minimum Capital requirement for establishment of foreign exchange business which is not a commercial bank |
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Description | An 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 From | 02-04-2010 |
Validity To | 31-12-9999 |
Reference | Article 14 |
Status | Active |
Measure Type | Minimum capital requirements |
Agency Name | Bank of the Lao PDR |
Legal Document | Instruction 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 |
Description |
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Banking and other financial services (excluding insurance) |