Official Website
Lao Services
Portal
Portal
Legal Document
Title: Notification Subject: Abolishment of minimum registered capital requirement for foreign investors No. 2633/cabinet/MOIC, dated 07 November 2017
Type: Notification
Responsible Agency: Ministry of Industry and Commerce
Issuing Date: 2017-11-07
Click here to see the measures contained in this document
Type: Notification
Responsible Agency: Ministry of Industry and Commerce
Issuing Date: 2017-11-07
Click here to see the measures contained in this document
Notification
No. 2633/cabinet/MOIC, dated 07 November 2017
To:
- Department of Industry and Commerce, Vientiane Capital and provinces
- Division of Industry and commerce in districts
- Investors (domestic and foreign) and all Lao citizens
Subject: Abolishment of minimum registered capital requirement for foreign investors
In accordance to the investment Law (amendment) No. 14/NA, dated 17/11/2016, the cabinet of the Ministry of Industry and Commerce would like to notify all relevant agencies to strictly implement the following:
- Abolishment of the requirement on minimum registered capital for foreign investor to register the company. This abolishment shall enter into force from the date of the signature of this Notification. Exemption is applied in case a minimum registered capital is required for activities that are governed by other regulations/laws.
- The enforcement of bullet No. 1 above is also applied to business registration application that have been summitted in the process of consideration for approval. Exemption is applied in cases the investors do not wish to change an amount and wish to keep the same amount of a registered capital of their investment.
- In case further clarification are needed during the implementation of this notification, please contact the staff of Business Registration Department.
Head of the cabinet, MOIC
Bansati Thephavong
CC:
- Steering Commitment, MOIC
- Department of Investment Promotion, MPI
- All offices, institute and department of MOIC
Download English:Notification Subject: Abolishment of minimum registered capital requirement for foreign investors No. 2633/cabinet/MOIC, dated 07 November 2017
Download Lao:Notification Subject: Abolishment of minimum registered capital requirement for foreign investors No. 2633/cabinet/MOIC, dated 07 November 2017