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Service
Level 1
  81 Financial Services 07

Level 2
  812 All insurance and insurance-related services 07A

Measures Applicable at this Level
Showing 1 - 20 of 110 items
NameTypeAgencyLawValidity
    
Business Registration of Insurance Agents and/or BrokersAdministrative RequirementsMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Categorization of services by insurance operators in accordance with provisions of the Ministerial Guidelines on Insurance Business Licensing No 770/MOFAdministrative RequirementsMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Foreign investor may form joint venture or totally ownedforeign owned companyForm of establishmentinsurance Management AuthorityMinisterial Instruction on implmenting the Law on Insurance No. 539/MOF, dated 19 February 201431-12-9999
Criteria for issuance of a permanent license to operate Insurance BusinessLicensing (based on experience, track record, technical requirements, and/or other)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Duration of temporary insurance business operating licenseNumerical restrictions (duration license)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Joint venture between insurance company and insurance broker and foreign investor allowedForm of establishmentMinistry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Fee for a Broker License for a Legal EntityFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for a Life Insurance Operating LicenseFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for a Non Life Insurance Operating licenseFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for an Agency ID Card or certification letterFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for an Agency License for a Legal EntityFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for renewing agency ID card or certification letter for an individualFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for renewing agency license for a legal entityFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Requirement for a registered capital to operate as an insurance brokerMinimum capital requirementsMinistry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Fee for renewing broker ID card or certification letter for an individualFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for renewing broker license for a legal entityFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for Renewing Life Insurance operating licenseFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Fee for renewing non-life insurance operating licenseFeeMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
An applicant who establishes and operates an insurance company must acquire a good business background Licensing (based on experience, track record, technical requirements, and/or other)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Foreign investors to have approval to establish a representative insurance company office in accordance with laws in Lao PDRAuthorization / permit requirements Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Level 0 and Level 1 Measures Also Applicable
Showing 1 - 20 of 552 items
NameTypeAgencyLawValidity
    
Prohibit the enterprise applicants to Intentionally falsifying documents or informationProhibitionMinistry of Industry and CommerceDecision on Enterprise Registration no. 0023/MOIC.ERM, dated 09 January 201912-05-9999
All business activities in the Lao PDR must be registered of enterprisesAdministrative RequirementsMinistry of Industry and CommerceDecision on Enterprise Registration no. 0023/MOIC.ERM, dated 09 January 201914-05-9999
In case of any change in the content of enterprise registration, if there is a need to change the content of an investment license or a business license, the enterprise must submit the proposal to the relevant sector Administrative RequirementsMinistry of Industry and CommerceDecision on Enterprise Registration no. 0023/MOIC.ERM, dated 09 January 201914-05-9999
if the enterprise does not have any of the activities listed in the enterprise registration certificate, it must be carried out to obtain an investment or business license in any activities from relevant sectors within 90 daysAdministrative RequirementsMinistry of Industry and CommerceDecision on Enterprise Registration no. 0023/MOIC.ERM, dated 09 January 201914-05-9999
Foreign legal entities shall submit the application form (as provided) to one stop serviceAdministrative RequirementsMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201816-09-9999
Must not operate business in order to generate incomes or benefitsProhibitionMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201816-09-9999
Must not advertise any type of product or serviceProhibitionMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201816-09-9999
Must not lend its establishment license to other for using, changing or falsifying itProhibitionMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201816-09-9999
Must not make out a receipt or bill for any income or benefitProhibitionMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201816-09-9999
Must not take advantage from the authority, responsibilities, and position for its own benefitsProhibitionMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201816-09-9999
Must not consitute any other behavior against the law and regulations.ProhibitionMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201816-09-9999
Representative office must be extended 30 days prior to its expiration dateAdministrative RequirementsMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201816-09-9999
Application form for extending representative officeAdministrative RequirementsMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201816-09-9999
Type 2 of Representative office is valid for 1 year Numerical restrictions (duration license)Ministry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201816-09-9999
Type 2 of Representative office shall stop its operation after the MOU or agreemnt between parent company and the government is terminatedAdministrative RequirementsMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201816-09-9999
Representative office shall stop its operation after parent company is permitted to do investment and register as legal entityAdministrative RequirementsMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201816-09-9999
Type 1 of Representative office is valid for 1 year and can be extended for 3 times (1 time/1 year)Numerical restrictions (duration license)Ministry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201816-09-9999
Must inform to the Investment Promotion Department, Ministry of Planning and Investment when the organization is amendedAdministrative RequirementsMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201817-09-9999
Must inform to the Investment Promotion Department, Ministry of Planning and Investment when the amount of registered capital is amendedAdministrative RequirementsMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201817-09-9999
Must inform to the Investment Promotion Department, Ministry of Planning and Investment when the amount of Article of Association is amendedAdministrative RequirementsMinistry of Planning and InvestmentDecision on Establishment and Management of Representative Office for Foreign Legal Entities in Lao PDR no. 1815/MPI, dated 30 July 201817-09-9999
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