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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
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
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
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
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
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
Level 0, Level 1 and Level 2 Measures Also Applicable
Showing 1 - 20 of 840 items
NameTypeAgencyLawValidity
    
Requirement to receivepermission to advertise goods and servicesAdvertising limitationsMinistry of Industry and CommerceConsumer Protection Law No. 02/NA, dated 30 June 201031-12-9999
Requirement to seek approval for business combination /mergersApproval of mergers and acquisitionsBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Investment Approval ProceduresAuthorization / permit requirements Ministry of Planning and InvestmentLaw on Investment Promotion No. 02/NA, dated 8 July 200931-12-9999
Mobilisation of foreign funds requires approvalAuthorization / permit requirements Bank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirement for approval for foreign fund mobilisationAuthorization / permit requirements Bank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirement for approval for lease or concession of state owned landAuthorization / permit requirements Land inspection AuthorityInstruction As regards the implementation of decree on state-owned land approval for lease or concession No. 20/PMO.NLMA, dated 9 April 201031-12-9999
Requirement for approval for mergers of public fundsAuthorization / permit requirements Security Exchange commissionLaw on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement for approval for transferring concession rights or sharesAuthorization / permit requirements Ministry of Planning and InvestmentDecree on the Implementation of the Investment Promotion Law No. 119/PM, dated 20 April 201131-12-9999
Requirement for approval to change nature of securities business operationAuthorization / permit requirements Security Exchange commissionLaw on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement for authorisation to use rights acquired from land lease or land concession as collateralAuthorization / permit requirements Land inspection AuthorityPrime Ministerial Decree on the Implementation of the Land Law No. 88/PM, dated 3 June 200831-12-9999
Requirement for establishment of recruitment service enterprises to be based on meeting technical requirementsAuthorization / permit requirements Ministry of Labour and Social WelfareAmended Labour Law No. 43/NA, dated 24 December 201331-12-9999
Requirement for foreigners to receive approval to lease land or receive land subject to concession from the State.Authorization / permit requirements Land inspection AuthorityLaw on Land No. 04/NA, dated 21 October 200331-12-9999
Requirement for license for concession businessAuthorization / permit requirements Ministry of Planning and InvestmentLaw on Investment Promotion No. 02/NA, dated 8 July 200931-12-9999
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 to apply to receive authorisation for land use rights or land utilisation rightsAuthorization / permit requirements Land inspection AuthorityPrime Ministerial Decree on the Implementation of the Land Law No. 88/PM, dated 3 June 200831-12-9999
Requirement to be licensed to incorporate securities companyAuthorization / permit requirements Security Exchange commissionLaw on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement to obtain approval toestablish branch office or service centerAuthorization / permit requirements Security Exchange commissionLaw on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement to receive prior approval for certain amount of shares transferredAuthorization / permit requirements Bank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirement to submit a proposal and seek approval from the SC to issue stocksAuthorization / permit requirements Security Exchange commissionDecree on Structure and Operation of Lao Securities Commission No. 188/PM, dated 24 July 201331-12-9999
Approval required for establishment of branches and service unitsAuthorization / permit requirements Bank of the Lao PDRDecree on Microfinance Institutions No. 460/G, dated 3 October 201231-12-9999
Related Procedures