Name | Establishment requirements for wholesale and retail businesses |
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Description | Foreign investors (individuals and legal entities) may establish and operate wholesale and retail businesses in the Lao PDR in accordance with the following conditions: 1. Establish and operate wholesale and retail businesses in accordance with the conditions of the Decision on Shopping Centers and Supermarkets issued by the Ministry of Industry and Commerce; 2. Have business premises where the shopping center of supermarket is located or specifically approved by the State whatever the case; 3. Shall have a registered capital of 4 Billion Kip or more; 4. 100% shareholding on registered capital of 20 Billion Kip or higher; 5. Registered capital less than 20 Billion Kip, but not below 4 Billion Kip shall be in the form of a joint venture with a domestic investor in accordance with the following conditions: - Registered capital less than 20 Billion Kip, but not below 10 Billion Kip, maximum shareholding not more than 70%; and - Registered capital less than 10 Billion Kip, but not below 4 Billion Kip, maximum shareholding not more than 50%. |
Comments | - |
Validity From | 22-05-2015 |
Validity To | 31-12-9999 |
Reference | Article 13 |
Status | Active |
Measure Type | Licensing (based on experience, track record, technical requirements, and/or other) |
Agency Name | Ministry of Industry and Commerce |
Legal Document | Decision On Wholesale and Retail Business No. 1005/MOIC.ITD, dated 22 May 2015 |