Name | Commercial banks selling foreign currency for capital investment abroad |
Description | A 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 From | 02-04-2010 |
Validity To | 31-12-9999 |
Reference | Article 5 |
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 |
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