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Legal Document
Title: Decision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 2018
Type: Decision
Responsible Agency: Ministry of Planning and Investment
Issuing Date: 2019-03-18
Click here to see the measures contained in this document
Type: Decision
Responsible Agency: Ministry of Planning and Investment
Issuing Date: 2019-03-18
Click here to see the measures contained in this document
This decision defines the regulations, principles, and measures for the operation, establishment and management of representative office for foreign legal entities in Lao PDR, in accordance with laws and regulations of Lao PDR, aims to enhance the foreign investment and to contribute to the national socio-economic development.
Download Lao:Decision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 2018
List Measures Related to Legal Documents
| Name | Description | Status |
|---|---|---|
| Foreign legal entities shall submit the application form (as provided) to one stop service | Foreign legal entities, who desire to establish the Representative Office in Lao PDR, shall submit the application form (as provided) to one stop service under the Investment Promotion Department, Ministry of Planning and Investment | Active |
| Must not operate business in order to generate incomes or benefits | Representative office is not allow to operate business in order to generate incomes or benefits | Active |
| Must not advertise any type of product or service | Representative office is not allow to advertise any type of product or service | Active |
| Must not lend its establishment license to other for using, changing or falsifying it | Representative office is not allow to lend its establishment license to other for using, changing or falsifying it | Active |
| Must not make out a receipt or bill for any income or benefit | Representative office is not allow to make out a receipt or bill for any income or benefit | Active |
| Must not take advantage from the authority, responsibilities, and position for its own benefits | employees are not allow to take advantage from the authority, responsibilities, and position fir its own benefits | Active |
| Must not receive bribes from representative office | employees are not allow to receive bribes from representative office | Active |
| Must not delay the time for considering documents without reason | employees are not allow to delay the time for considering documents without reason | Active |
| Must not consitute any other behavior against the law and regulations. | employees are not allow to constitute any other behavior against the law and regulations. | Active |
| Any representative office, which is terminated its operation, shall submit its establishment license (original) | Any representative office, which is terminated its operation, shall submit its establishment license (original) to Investment promotion department within 10 official days from the date it is terminated. | Active |
| Representative office must be extended 30 days prior to its expiration date | Representative office must be extended 30 days prior to its expiration date | Active |
| Application form for extending representative office | - A proposal or application form for extending the establishment license - A proposal or parent company's agreement on the extension of representative office - Representative office's establishment license (Original) - A copy of tax certificate and other supporting documents (evident of performing duties, etc.) - Registered capital importation certificate by Bank of Laos - Annual Activity Report and work plans; - other related documents. | Active |
| Type 2 of Representative office is valid for 1 year | Type 2 of Representative office is valid for 1 year and shall be extended another year in according to the MOU or Agreement between parent company and the government. | Active |
| Type 2 of Representative office shall stop its operation after the MOU or agreemnt between parent company and the government is terminated | Type 2 of Representative office shall stop its operation after the MOU or agreement between parent company and the government is terminated, and shall notify to one stop service about its termination | Active |
| Representative office shall stop its operation after parent company is permitted to do investment and register as legal entity | Representative office shall stop its operation after parent company is permitted to do investment and register as legal entity in according to laws of Lao PDR, and shall inform to one stop service about its termination | Active |
| Type 1 of Representative office is valid for 1 year and can be extended for 3 times (1 time/1 year) | Type 1 of Representative office is valid for 1 year and can be extended for 3 times (1 time/1 year) | Active |
| Must inform to the Investment Promotion Department, Ministry of Planning and Investment when the organization is amended | Representative office must inform to the Investment Promotion Department, Ministry of Planning and Investment when the organization is amended within 30 days from the date of receiving the consent or notification by parent company | Active |
| Must inform to the Investment Promotion Department, Ministry of Planning and Investment when the amount of registered capital is amended | Representative office must inform to the Investment Promotion Department, Ministry of Planning and Investment when the amount of registered capital is amended within 30 days from the date of receiving the consent or notification by parent company | Active |
| Must inform to the Investment Promotion Department, Ministry of Planning and Investment when the amount of Article of Association is amended | Representative office must inform to the Investment Promotion Department, Ministry of Planning and Investment when the amount of Article of Association is amended within 30 days from the date of receiving the consent or notification by parent company | Active |
| Must submit the annual activity report or semi annual activity report (as provided) to the Investment Promotion Department, Ministry of Planning and Investment | Representative office must submit the annual activity report or semi annual activity report (as provided) to the Investment Promotion Department, Ministry of Planning and Investment | Active |