Official Website
Lao Services
Portal
Register | ເຂົ້າລະບົບ

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 801 - 820 of 840 items
NameTypeAgencyLawValidity
    
Must set up location and name of representative office within 60 days from the date getting approval to establish the representative officeAdministrative RequirementsMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201818-09-9999
Registered capital shall not be under 50,000 USD Minimum capital requirementsMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201819-09-9999
Representative office shall be registered as legal entityForm of establishmentMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201819-09-9999
Representative office must be enterprise or limited company, sole limited company, state enterprise or public companyForm of establishmentMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201819-09-9999
For legal entity or company who used to launch representative office in laos, its previous representative office must be closed at lease 3 years before launching the new one Administrative RequirementsMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201819-09-9999
For legal entity or company who used to launch representative office in laos, its previous representative office must be closed at lease 3 years before launching the new one Administrative RequirementsMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201819-09-9999
Business operating license shall be extended 30 days prior its expiration date Administrative RequirementsMinistry of Industry and CommerceInstruction on Business Operating License for Business Authorities under Industry and Commerce no. 0045/MOIC.ERM, dated 18 January 201923-09-9999
Business operating license, which is not required the technical monitoring and the assessment of periodic movements, shall be issued wihout expiration dateNumerical restrictions (duration license)Ministry of Industry and CommerceInstruction on Business Operating License for Business Authorities under Industry and Commerce no. 0045/MOIC.ERM, dated 18 January 201923-09-9999
Documents to extend the duration of business operating licenseLicensing (based on experience, track record, technical requirements, and/or other)Ministry of Industry and CommerceInstruction on Business Operating License for Business Authorities under Industry and Commerce no. 0045/MOIC.ERM, dated 18 January 201923-09-9999
Supporting document to apply for business operating license related to industry and commerce businessLicensing (based on experience, track record, technical requirements, and/or other)Ministry of Industry and CommerceInstruction on Business Operating License for Business Authorities under Industry and Commerce no. 0045/MOIC.ERM, dated 18 January 201923-09-9999
Prohibit to produce, design, import and export billboard without the approvalProhibitionMinistry of Information, Culture and TourismLaw on billboard no. 50/NA, dated 21 June 201824-09-9999
Prohibit to create, produce or install billboard which are low quality and substandardProhibitionMinistry of Information, Culture and TourismLaw on billboard no. 50/NA, dated 21 June 201824-09-9999
Prohibit to design, produce, and install billboard which defame or insult the national of Lao PDR, including its stability, security, ancestors, culture, heritage, and ethnic groups ProhibitionMinistry of Information, Culture and TourismLaw on billboard no. 50/NA, dated 21 June 201825-09-9999
prohibit to threaten or offer bribes to the officers who monitor on billboardProhibitionMinistry of Information, Culture and TourismLaw on billboard no. 50/NA, dated 21 June 201825-09-9999
Prohibit to obstruct, interrupt, dismiss or impede the activities related to billboardProhibitionMinistry of Information, Culture and TourismLaw on billboard no. 50/NA, dated 21 June 201825-09-9999
Prohibit to create, install, use or move billboard without the approvalProhibitionMinistry of Information, Culture and TourismLaw on billboard no. 50/NA, dated 21 June 201825-09-9999
Prohibit to use the marks and trade marks without approvalProhibitionMinistry of Information, Culture and TourismLaw on billboard no. 50/NA, dated 21 June 201825-09-9999
Prohibit to involve in offering or receiving bribes for activities related to billboardProhibitionMinistry of Information, Culture and TourismLaw on billboard no. 50/NA, dated 21 June 201825-09-9999
Prohibit to use violence, force and threat; to calumniate; to defame or to perform any other inappropriate action to officers who responsible on billboardProhibitionMinistry of Information, Culture and TourismLaw on billboard no. 50/NA, dated 21 June 201825-09-9999
Ceasing to operate business on billboard shall be informed in written to Information, Culture and Tourism sector and industry and commerce sector Administrative RequirementsMinistry of Information, Culture and TourismLaw on billboard no. 50/NA, dated 21 June 201825-09-9999
Related Procedures