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| Name | Commercial banks selling foreign currency to transfer capital of a foreign investor |
|---|---|
| Description | A commercial bank desirous of selling foreign exchange to the residents and non-residents of the Lao PDR to transfer capital of a foreign investor back home or to a third country, must ensure that the application comprise: (a)application for buying foreign currency of the foreign investor; (b) Certificate for business down sizing or capital reduction, but still continuing business; (c) Capital importation certificate issued by the Bank of The Lao PDR; (d) Closure certificate, sale contract or sale of shares contract based on the decision of the management board or share holders’ meeting or certificate of bankruptcy by the court. |
| 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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| Description |
|---|
| Banking and other financial services (excluding insurance) |