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Service
Level 1
  81 Financial Services 07

Level 2
  813, 814 Other Financial Services 07C

Level 3
  813,814 Other Financial Services 07Ca

Measures Applicable at this Level
Showing 1 - 12 of 12 items
NameTypeAgencyLawValidity
    
Currency exchange operators are prohibited to operate business outside the licensed premisesProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202015-10-9999
prohibited from conducting currency trading contrary to BOLProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202015-10-9999
prohibited from currency trading in excess of its registered limits per day;ProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202015-10-9999
prohibited from opening its own bank saving account in overseas.ProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202015-10-9999
prohibited from providing their own enterprise registration certificates to someone elseProhibitionMinistry of HealthDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202016-10-9999
prohibited from setting, posting, implementing and conducting currency trading at the exchange rate contrary to the regulations set by the Bank of the Lao PDRProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202015-10-9999
prohibited from using the expired enterprise registration certificate;ProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202015-10-9999
prohibited from using their personal or any other bank account to conduct currency tradingProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202016-10-9999
prohibited to delay the exchange rate announcement and currency trading ProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202016-10-9999
Prohibited to exchange the currencies directly with commercial banks, individuals or legal entities which are located in oversea. ProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202015-10-9999
prohibited to provide service for selling only or buying only ProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202016-10-9999
prohibited to relocate the premises without the approval ProhibitionBank of the Lao PDRDecision on Currency Exchange Business No. 393/BoL, dated 02 July 202016-10-9999
Level 0, Level 1 and Level 2 Measures Also Applicable
Showing 1 - 20 of 840 items
NameTypeAgencyLawValidity
    
Billboard for private enterprise shall be in yellow background with red letterAdministrative RequirementsMinistry of Information, Culture and TourismLaw on billboard no. 50/NA, dated 21 June 201802-10-9999
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
A Legal entity desirous of establishing an insurance agency to be in possession of a contract as an agency with an insurance companyLicensing (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
A Legal entity desirous of establishing an insurance agency to be registered in accordance with the laws of Lao PDRLicensing (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
A Legal entity desirous of establishing an insurance agency to have a minimum registered capitalMinimum capital requirementsMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
A Legal entity desirous of establishing an insurance agency to have an official office and organisational structureLicensing (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
A Legal entity desirous of establishing an insurance agency to have never been in a case where an insurance agent's license was terminated within specified period prior to licensing applicationLicensing (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
A Legal entity desirous of establishing an insurance agency to have qualified employeesLicensing (based on qualifications / education)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
A Legal entity desirous of establishing an insurance agency to skilled senior employees with sound technical experienceLicensing (based on qualifications / education)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
A legal entity desirous of operating as a broker to have brokerage contract with an insurance companyLicensing (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
A legal entity desirous of operating as a broker to have deposits similar to an insurance companyLicensing (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
A legal entity desirous of operating as a broker to have minimum registered capitalMinimum capital requirementsMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
A legal entity desirous of operating as a broker to have never been in a case where its insurance broker license was terminatedLicensing (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
A legal entity desirous of operating as a broker to possess approval for becoming a broker in accordance with national lawsAuthorization / permit requirements Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
A legal entity desirous of operating as a broker to possess requisite qualificationsLicensing (based on qualifications / education)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Accounts Keeping for entities under the Value Added SystemOther measuresMinistry of FinanceLaw on Value-Added Tax (Revised Version) No. 52/NA, dated 23 July 201431-12-9999
Adherence to Accounting and Invoicing StandardsPerformance requirements (mandatory)Ministry of FinanceLaw on Value-Added Tax (Revised Version) No. 52/NA, dated 23 July 201431-12-9999
Adherence to anti money laundering measuresPerformance requirements (mandatory)Bank of the Lao PDRDecree on Microfinance Institutions No. 460/G, dated 3 October 201231-12-9999
Adherence to international financial and accounting standards and regulations by Insurance Business OperatorsPerformance requirements (mandatory)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Advise the Bank of the authority of the insurance adviser to review account balanceOther measuresMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
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