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NameCommercial banks selling foreign currency for capital investment abroad
DescriptionA commercial bank desirous of selling foreign exchange to the residents and non-residents of the Lao PDR for capital investment abroad must ensure that the application comprises: (a) an Application for buying foreign currency from the authorized investor; (b) Investment license from authority of the Lao PDR' (C) An Investment license from the authority of the invested country; and (c) The Bank of The Lao PDR’s authorization for capital export.
Comments-
Validity From02-04-2010
Validity To31-12-9999
ReferenceArticle 5
StatusActive
Measure TypeAdministrative Requirements
Agency NameBank of the Lao PDR
Legal DocumentInstruction 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
This measure applies to Service