ເວັບໄຊທ໌ ທາງການ ສູນຂໍ້ມູນຂ່າວສານ ທາງດ້ານການຄ້າດ້ານບໍລິການ

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Lao Services
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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 21 - 40 of 110 items

Name	Type	Agency	Law	Validity

Requirements for the establishment of a representative office of a foreign insurance company	Licensing (based on experience, track record, technical requirements, and/or other)	Ministry of Finance	Insurance Law Amended No. 06/NA, dated 21 December 2011	31-12-9999
Requirements for the insurance contracts to be insured with resident insurer	Residency of services suppliers	insurance Management Authority	Ministerial Instruction on implmenting the Law on Insurance No. 539/MOF, dated 19 February 2014	31-12-9999
Requrement to obtain a license to establish and operate insurance business	Licensing (based on experience, track record, technical requirements, and/or other)	Ministry of Finance	Insurance Law Amended No. 06/NA, dated 21 December 2011	31-12-9999
Rrequirement to observe rules on competition in insurance business	Performance requirements (mandatory)	Ministry of Finance	Insurance Law Amended No. 06/NA, dated 21 December 2011	31-12-9999
A Legal entity desirous of establishing an insurance agency to be in possession of a contract as an agency with an insurance company	Licensing (based on experience, track record, technical requirements, and/or other)	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999
A Legal entity desirous of establishing an insurance agency to be registered in accordance with the laws of Lao PDR	Licensing (based on experience, track record, technical requirements, and/or other)	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999
A Legal entity desirous of establishing an insurance agency to have a minimum registered capital	Minimum capital requirements	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999
A Legal entity desirous of establishing an insurance agency to have an official office and organisational structure	Licensing (based on experience, track record, technical requirements, and/or other)	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999
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 application	Licensing (based on experience, track record, technical requirements, and/or other)	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999
A Legal entity desirous of establishing an insurance agency to have qualified employees	Licensing (based on qualifications / education)	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999
A Legal entity desirous of establishing an insurance agency to skilled senior employees with sound technical experience	Licensing (based on qualifications / education)	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999
A legal entity desirous of operating as a broker to have brokerage contract with an insurance company	Licensing (based on experience, track record, technical requirements, and/or other)	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999
A legal entity desirous of operating as a broker to have deposits similar to an insurance company	Licensing (based on experience, track record, technical requirements, and/or other)	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999
A legal entity desirous of operating as a broker to have minimum registered capital	Minimum capital requirements	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999
A legal entity desirous of operating as a broker to have never been in a case where its insurance broker license was terminated	Licensing (based on experience, track record, technical requirements, and/or other)	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999
A legal entity desirous of operating as a broker to possess approval for becoming a broker in accordance with national laws	Authorization / permit requirements	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999
A legal entity desirous of operating as a broker to possess requisite qualifications	Licensing (based on qualifications / education)	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999
Never been sentenced for intentional economic torts to establish an insurance company and obtain a Business operating license	Licensing (based on experience, track record, technical requirements, and/or other)	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999
Adherence to international financial and accounting standards and regulations by Insurance Business Operators	Performance requirements (mandatory)	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999
Advise the Bank of the authority of the insurance adviser to review account balance	Other measures	Ministry of Finance	Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016	31-12-9999

Level 0 and Level 1 Measures Also Applicable

Showing 21 - 40 of 552 items

Name	Type	Agency	Law	Validity

Requirement for foreign investor in joint venture to contribute minimum capital	Minimum capital requirements	Ministry of Planning and Investment	Law on Investment Promotion No. 02/NA, dated 8 July 2009	31-12-9999
Requirement for foreign investors to have minimum capital	Minimum capital requirements	Ministry of Planning and Investment	Decree on the Implementation of the Investment Promotion Law No. 119/PM, dated 20 April 2011	31-12-9999
Requirement for foreign investors to have minimum capital to purchase land use rights	Minimum capital requirements	Ministry of Planning and Investment	Law on Investment Promotion No. 02/NA, dated 8 July 2009	31-12-9999
Requirement for foreign investors to purchase land use rights	Land Ownership	Ministry of Planning and Investment	Decree on the Implementation of the Investment Promotion Law No. 119/PM, dated 20 April 2011	31-12-9999
Requirement for foreign labor to be subjected to conditions	Nationality (for services supplier)	Ministry of Labour and Social Welfare	Amended Labour Law No. 43/NA, dated 24 December 2013	31-12-9999
Requirement for foreign labour to be registered and receive work permit	Administrative Requirements	Ministry of Labour and Social Welfare	Amended Labour Law No. 43/NA, dated 24 December 2013	31-12-9999
Requirement for foreigners to receive approval to lease land or receive land subject to concession from the State.	Authorization / permit requirements	Land inspection Authority	Law on Land No. 04/NA, dated 21 October 2003	31-12-9999
Requirement for importation of foreign labor to be subject to conditions	Nationality (for services supplier)	Ministry of Labour and Social Welfare	Amended Labour Law No. 43/NA, dated 24 December 2013	31-12-9999
Requirement for individuals and organizations to refrain from harmful conduct	Prohibition	Ministry of Industry and Commerce	Consumer Protection Law No. 02/NA, dated 30 June 2010	31-12-9999
Requirement for investment in (specific) economic zone to be subject to maximum duration of 99 years	Numerical restrictions (duration license)	Ministry of Planning and Investment	Law on Investment Promotion No. 02/NA, dated 8 July 2009	31-12-9999
Requirement for investments to be within zoned areas	Zoning restrictions	Ministry of Planning and Investment	Law on Investment Promotion No. 02/NA, dated 8 July 2009	31-12-9999
Requirement for investments to take 3 forms	Form of establishment	Ministry of Planning and Investment	Law on Investment Promotion No. 02/NA, dated 8 July 2009	31-12-9999
Requirement for investor to be a legal entity to conduct investment	Form of establishment	Ministry of Planning and Investment	Decree on the Implementation of the Investment Promotion Law No. 119/PM, dated 20 April 2011	31-12-9999
Requirement for investors other than zone developers to be licensed	Licensing (based on experience, track record, technical requirements, and/or other)	Ministry of Planning and Investment	Law on Investment Promotion No. 02/NA, dated 8 July 2009	31-12-9999
Requirement for lease or concession of state land to be according to zoned areas	Zoning restrictions	Land inspection Authority	Prime Minister’s Decree on the Leasing of State Land No. 135/PM, dated 25 May 2009	31-12-9999
Requirement for license for concession business	Authorization / permit requirements	Ministry of Planning and Investment	Law on Investment Promotion No. 02/NA, dated 8 July 2009	31-12-9999
Requirement for long-term lease or concession to be for more than 15 years	Numerical restrictions (duration license)	Land inspection Authority	Prime Minister’s Decree on the Leasing of State Land No. 135/PM, dated 25 May 2009	31-12-9999
Requirement for maximum time in which foreign labor can be employed	Numerical restrictions (other)	Ministry of Labour and Social Welfare	Amended Labour Law No. 43/NA, dated 24 December 2013	31-12-9999
Requirement for medium term lease of State land to be for maximum of 15 years	Numerical restrictions (duration license)	Land inspection Authority	Prime Minister’s Decree on the Leasing of State Land No. 135/PM, dated 25 May 2009	31-12-9999
Requirement for nationals and foreigners who lease land or have land concession to meet criteria.	Fee	Land inspection Authority	Prime Minister’s Decree on the Leasing of State Land No. 135/PM, dated 25 May 2009	31-12-9999

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Related Procedures

Showing 1 - 9 of 9 items

Name	Description	Category Type
Procedures on Business registration and operation.	Procedure	Procedure
Procedures for establish none-taking deposit micro finance institute	Procedure	Procedure
Procedures of Filling Application for intellectual property	Procedure	Procedure
Procedures of investment in general business	Procedure	Procedure
Procedures for investment in concession business	Procedure	Procedure
Procedures for investment in special economic zone	Procedure	Procedure
Procedures for establish employment services enterprise	Procedure	Procedure
Procedures on the leasing of state land	Procedure	Procedure
Procedures on permission for advertise products and services	Procedure	Procedure

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