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Service
Level 1
  81 Financial Services 07

Level 2
  812 All insurance and insurance-related services 07A

Level 3
  812 All insurance and insurance-related services 07Aa

Measures Applicable at this Level
Showing 1 - 12 of 12 items
NameTypeAgencyLawValidity
    
insurance companies must submit quarter report to Ministry of FinanceKnowledge TransferMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201816-07-9999
Insurance companies must submit annual report to Ministry of Finance Knowledge TransferMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
Combined insurance companies must assign actuaries to identify the insurance reserves Administrative RequirementsMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
Ministry of Finance shall inform insurance companies to submit additional information at any timeAdministrative RequirementsMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
insurance brokers must submit the quarter report to Minstry pf Finace Knowledge TransferMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
Ministry of Finance could inform insurance brokers to submit additional information at any timeAdministrative RequirementsMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
Insurance companies shall be fined one million per day if they could not submit information in time as defined. (within 30 days)Administrative RequirementsMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
Insurance brokers shall be fined one million per day if they could not submit information in time as defined. (within 30 days)Administrative RequirementsMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
The insurance company must comply with the requirements under Chapter 3 within 12 (twelve) monthsAdministrative RequirementsBank of the Lao PDRDecision on Maintaining Insurance Reserve and Debt Repayment no. 3059/MoF, dated 27 September 201811-02-9999
non-life insurance company must keep the surplus assets for sixteen (16) billion kip at the minimumMinimum capital requirementsBusiness competition commissionDecision on Maintaining Insurance Reserve and Debt Repayment no. 3059/MoF, dated 27 September 201811-02-9999
Life Insurance company must reserve surplus assets 16 trillion kip at the minimumMinimum capital requirementsBank of the Lao PDRDecision on Maintaining Insurance Reserve and Debt Repayment no. 3059/MoF, dated 27 September 201811-02-9999
combine insurance company (life and non-life) must reserve surplus assets 32 trillion kip at the minimumMinimum capital requirementsBank of the Lao PDRDecision on Maintaining Insurance Reserve and Debt Repayment no. 3059/MoF, dated 27 September 201811-02-9999
Level 0, Level 1 and Level 2 Measures Also Applicable
Showing 761 - 780 of 840 items
NameTypeAgencyLawValidity
    
Registered capital importation requirement for businesses obtaining concessions and undertaking projects with investment of value less than USD 10 million Minimum capital requirementsMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Registered capital importation requirement for businesses obtaining concessions and undertaking projects with investment of value between USD 10 million and USD 500 millionMinimum capital requirementsMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Registered capital importation requirement for businesses obtaining concessions and undertaking projects with investment of value between USD 500 million and USD 1 billionMinimum capital requirementsMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Registered capital importation requirement for businesses obtaining concessions and undertaking projects with investment of value of more than USD 1 billion Minimum capital requirementsMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Application for Overseas Investment by Domestic InvestorsAdministrative RequirementsMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Conditions for Overseas Investment by Domestic Investors Other measuresMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Application for establishing a representative officeAuthorization / permit requirements Ministry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Domestic investors desirous of investing to report financials and operations Administrative RequirementsMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Obligations of Investors toward the StateAdministrative RequirementsMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Social Obligations of InvestorsAdministrative RequirementsMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on engaging in the conduct of prohibited or illegal businessProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on obstructing investment promotion ProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on investors from bribing government officials and staffProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on investors from conspiring with government officials for unlawful benefitsProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on foreign investors from buying/selling land except for state land lease or concession ProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on investors from not honouring obligations- financial and otherwise ProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on investors from slandering governmentProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on investors from acting or mobilizing in a manner to adversely affect the traditions, customs and culture of the nationProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on violating laws and regulations of Lao PDR ProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Commercial banks and Foreign Bank Branches are allowed to provide credits in foreign currrenciesAdministrative RequirementsBank of the Lao PDRDecision on the Abolishment of the Decision on Providing Credit in Foreign Currencies by Commercial Banks no. 422/BOL, dated 30 May 201811-07-9999
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