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Service
Level 1
  81 Financial Services 07

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

Level 3
  812 All insurance and insurance-related services 07Aa

Measures Applicable at this Level
Showing 1 - 12 of 12 items
NameTypeAgencyLawValidity
    
insurance companies must submit quarter report to Ministry of FinanceKnowledge TransferMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201816-07-9999
Insurance companies must submit annual report to Ministry of Finance Knowledge TransferMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
Combined insurance companies must assign actuaries to identify the insurance reserves Administrative RequirementsMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
Ministry of Finance shall inform insurance companies to submit additional information at any timeAdministrative RequirementsMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
insurance brokers must submit the quarter report to Minstry pf Finace Knowledge TransferMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
Ministry of Finance could inform insurance brokers to submit additional information at any timeAdministrative RequirementsMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
Insurance companies shall be fined one million per day if they could not submit information in time as defined. (within 30 days)Administrative RequirementsMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
Insurance brokers shall be fined one million per day if they could not submit information in time as defined. (within 30 days)Administrative RequirementsMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
The insurance company must comply with the requirements under Chapter 3 within 12 (twelve) monthsAdministrative RequirementsBank of the Lao PDRDecision on Maintaining Insurance Reserve and Debt Repayment no. 3059/MoF, dated 27 September 201811-02-9999
non-life insurance company must keep the surplus assets for sixteen (16) billion kip at the minimumMinimum capital requirementsBusiness competition commissionDecision on Maintaining Insurance Reserve and Debt Repayment no. 3059/MoF, dated 27 September 201811-02-9999
Life Insurance company must reserve surplus assets 16 trillion kip at the minimumMinimum capital requirementsBank of the Lao PDRDecision on Maintaining Insurance Reserve and Debt Repayment no. 3059/MoF, dated 27 September 201811-02-9999
combine insurance company (life and non-life) must reserve surplus assets 32 trillion kip at the minimumMinimum capital requirementsBank of the Lao PDRDecision on Maintaining Insurance Reserve and Debt Repayment no. 3059/MoF, dated 27 September 201811-02-9999
Level 0, Level 1 and Level 2 Measures Also Applicable
Showing 81 - 100 of 840 items
NameTypeAgencyLawValidity
    
Requirement for license to issue corporate bonds to a limited circleLicensing (based on experience, track record, technical requirements, and/or other)Security Exchange commissionRegulation on issuance of corporate bond No. 019/LSC, dated 22 December 201431-12-9999
Requirement for license toinvest in insurance businessLicensing (based on experience, track record, technical requirements, and/or other)insurance Management AuthorityMinisterial Instruction on implmenting the Law on Insurance No. 539/MOF, dated 19 February 201431-12-9999
Requirement for listed public funds to be traded through securities exchangePerformance requirements (mandatory)Security Exchange commissionLaw on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement for long-term lease or concession to be for more than 15 yearsNumerical restrictions (duration license)Land inspection AuthorityPrime Minister’s Decree on the Leasing of State Land No. 135/PM, dated 25 May 200931-12-9999
Requirement for maximum time in which foreign labor can be employedNumerical restrictions (other)Ministry of Labour and Social WelfareAmended Labour Law No. 43/NA, dated 24 December 201331-12-9999
Requirement for medium term lease of State land to be for maximum of 15 yearsNumerical restrictions (duration license)Land inspection AuthorityPrime Minister’s Decree on the Leasing of State Land No. 135/PM, dated 25 May 200931-12-9999
Requirement for minimum capital for a securities exchangeMinimum capital requirementsSecurity Exchange commissionLaw on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement for minimum capital to establish a securities exchangeMinimum capital requirementsSecurity Exchange commissionLaw on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement for nationals and foreigners who lease land or have land concession to meet criteria.FeeLand inspection AuthorityPrime Minister’s Decree on the Leasing of State Land No. 135/PM, dated 25 May 200931-12-9999
Requirement for payment of minimum registered capital by temporary license holder of securities companyMinimum capital requirementsSecurity Exchange commissionLaw on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement for periodic increase of fees for lease or concession of landFeeLand inspection AuthorityPrime Minister’s Decree on the Leasing of State Land No. 135/PM, dated 25 May 200931-12-9999
Requirement for professional liability insurance for insurance brokerPerformance requirements (mandatory)Ministry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Requirement for public announcement of license held to issue corporate bonds to the publicAdministrative RequirementsSecurity Exchange commissionRegulation on issuance of corporate bond No. 019/LSC, dated 22 December 201431-12-9999
Requirement for registation to invest in (specific) economic zone businessAuthorization / permit requirements Ministry of Planning and InvestmentLaw on Investment Promotion No. 02/NA, dated 8 July 200931-12-9999
Requirement for registered capital amount to be maintainedMinimum capital requirementsMinistry of Planning and InvestmentLaw on Investment Promotion No. 02/NA, dated 8 July 200931-12-9999
Requirement for registrationOther measuresBank of the Lao PDRRegulation For Non-Deposit Taking Microfinance Institutions No. 02/BoL, dated 20 June 200831-12-9999
Requirement for registration of certificate service providersLicensing (based on experience, track record, technical requirements, and/or other)Ministry of Science and TechnologyDecree and Law on Electronic Transaction No. 20/NA, dated 7 December 201231-12-9999
Requirement for regular information disclosureAdministrative RequirementsSecurity Exchange commissionDecision on information disclosure No. 014/SEC, dated 19 May 201131-12-9999
Requirement for regulatory reserve to be maintainedMinimum capital requirementsBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirement for representative offices of foregn busininess to be registered, with prohibition on conducting business in Lao PDRForm of establishmentMinistry of Planning and InvestmentLaw on Investment Promotion No. 02/NA, dated 8 July 200931-12-9999
Related Procedures