
| Name | Requirement for the opening of a foreign currency account for a third party |
|---|---|
| Description | An individual or legal person, whether a resident or non resident of Lao PDR, desirous of opening a foreign currency account in Lao PDR for a third party, must present authorization from the money owner and the identification card of the related person. |
| Comments | - |
| Validity From | 02-04-2010 |
| Validity To | 31-12-9999 |
| Reference | Article 7 |
| Status | Active |
| Measure Type | Administrative 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 |
|---|
| Banking and other financial services (excluding insurance) |