Official Website
Lao Services
Portal
Register | ເຂົ້າລະບົບ

Service
Level 1
  81 Financial Services 07

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

Measures Applicable at this Level
Showing 101 - 110 of 110 items
NameTypeAgencyLawValidity
    
Insurance business operators to possess an investment certificate to apply for a Business operating licenseLicensing (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
Issuance of Insurance Business Operating License in accordance with the Law on InsurancePerformance requirements (mandatory)Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Membership in Insurance Business Association to engage in insurance related activitiesRequirement to subscribe to associationMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Minimum capital requirement to establish an insurance companyMinimum capital requirementsMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Must have never been nor currently be a terrorist to establish an insurance company and obtain a Business Operating licenseLicensing (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
No License terminated within 5 years prior to the submission of insurance business operating licenseLicensing (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
Obtaining approval to withdraw and make depositsAuthorization / permit requirements Ministry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Performance requirement of an insurance company to maintain capital of each stakeholder in accordance with Article 2 of the Insurance Law No 06/NA, dated 21 December 2011Administrative RequirementsMinistry of FinanceMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 201631-12-9999
Possession of suitable office or headquarters to establish an insurance company and obtain a Business Operating licenseLicensing (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
Prohibition of Insurance Business Operators to operate without requisite approvalProhibitionMinistry 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 241 - 260 of 552 items
NameTypeAgencyLawValidity
    
Prescribed registered capitalMinimum capital requirementsBank of the Lao PDRLaw On Commercial Banks No. 03/NA, dated 26 December 200631-12-9999
Prohibition on Bribery and CollusionProhibitionMinistry of FinanceMinisterial Instruction On Tax Revenue Collection Management No. 3281/MOF, dated 6 October 201431-12-9999
Prohibition on bribery and defrauding the StatesProhibitionMinistry of FinanceLaw on Value-Added Tax (Revised Version) No. 52/NA, dated 23 July 201431-12-9999
Prohibition on Commercial Banks from engaging in illegal conductProhibitionBank of the Lao PDRLaw On Commercial Banks No. 03/NA, dated 26 December 200631-12-9999
Prohibition on conspiracy and encouraging offences related to Value Added TaxProhibitionMinistry of FinanceLaw on Value-Added Tax (Revised Version) No. 52/NA, dated 23 July 201431-12-9999
Prohibition on dealing in goldProhibitionBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Prohibition on engaging in collusive activities by commercial banksProhibitionBank of the Lao PDRLaw On Commercial Banks No. 03/NA, dated 26 December 200631-12-9999
Prohibition on engaging in manipulative practicesProhibitionBank of the Lao PDRLaw On Commercial Banks No. 03/NA, dated 26 December 200631-12-9999
Prohibition on granting credit to certain personsProhibitionBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Prohibition on granting loan to customer where non-performing loan existsProhibitionBank of the Lao PDRRegulation on Loan Classification requirement for Commercial Banks which are under the Supervision of the Bank of the Lao PDR No. 06/BoL, dated 11 May 200431-12-9999
Prohibition on harming Tax Authority Staff or Tax PayersProhibitionMinistry of FinanceLaw on Value-Added Tax (Revised Version) No. 52/NA, dated 23 July 201431-12-9999
Prohibition on humiliating, threating and using violence against customs authoritiesProhibitionMinistry of FinanceMinisterial Instruction On Tax Revenue Collection Management No. 3281/MOF, dated 6 October 201431-12-9999
Prohibition on issuance of bearer sharesProhibitionBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Prohibition on issuing letters of creditProhibitionBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Prohibition on leasingProhibitionBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Prohibition on manipulating excahnge ratesProhibitionBank of the Lao PDRLaw on the Management of Foreign Currency No. 55/NA, dated 22 December 201431-12-9999
Prohibition on offering special services to a related finance lease company by Commercial BanksProhibitionBank of the Lao PDRDecree On Financial Leasing No. 11/PM, dated 18 February 1999 31-12-9999
Prohibition on operating a foreign curency business without autorizationAuthorization / permit requirements Bank of the Lao PDRLaw on the Management of Foreign Currency No. 55/NA, dated 22 December 201431-12-9999
Prohibition on operating foreign currency business contrary to laws and scope of authorization of Lao PDRProhibitionBank of the Lao PDRLaw on the Management of Foreign Currency No. 55/NA, dated 22 December 201431-12-9999
Prohibition on providing credit enhancement for, or extend any credit to purchase underwritten securitiesProhibitionBank of the Lao PDRLaw On Commercial Banks No. 03/NA, dated 26 December 200631-12-9999
Related Procedures