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 381 - 400 of 552 items
NameTypeAgencyLawValidity
    
Requirement to publish voluntary liquidation decisionOther measuresBank of the Lao PDRRegulation For Savings and Credit Unions No. 03/BOL, dated 3 June 200831-12-9999
Requirement to pursue dispute settlementOther measuresBank of the Lao PDRDecree on Microfinance Institutions No. 460/G, dated 3 October 201231-12-9999
Requirement to registerAdministrative RequirementsBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirement to review loansOther measuresBank of the Lao PDRRegulation For Savings and Credit Unions No. 03/BOL, dated 3 June 200831-12-9999
Requirement to support electronic bankingOther measuresBank of the Lao PDRLaw On Commercial Banks No. 03/NA, dated 26 December 200631-12-9999
Requirement to use nameOther measuresBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirements for being member of board or major shareholderOther measuresBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirements for Input Deductible Value Added TaxOther measuresMinistry of FinanceLaw on Value-Added Tax (Revised Version) No. 52/NA, dated 23 July 201431-12-9999
Requirements for preliminary licenceLicensing (based on experience, track record, technical requirements, and/or other)Bank of the Lao PDRDecree On the Implementation of the Law on Commercial Bank No. 275/PM, dated 25 September 200931-12-9999
Requirements for Requesting EstablishmentAdministrative RequirementsBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirements for the lease agreementAdministrative RequirementsBank of the Lao PDRDecree On Financial Leasing No. 11/PM, dated 18 February 1999 31-12-9999
Requirements on financial ratiosMinimum capital requirementsBank of the Lao PDRRegulation For Savings and Credit Unions No. 03/BOL, dated 3 June 200831-12-9999
Requirements that finance lease company must meet when operating.Performance requirements (mandatory)Bank of the Lao PDRDecree On Financial Leasing No. 11/PM, dated 18 February 1999 31-12-9999
Requirements to be met for involuntary liquidationPerformance requirements (mandatory)Bank of the Lao PDRRegulation For Savings and Credit Unions No. 03/BOL, dated 3 June 200831-12-9999
Requiremet for keeping Accounting DocumentsOther measuresBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Retention of records of written of loanOther measuresBank 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
Revokation a Certificate of RegistrationOther measuresBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Sale and use of foreign exchangeLimitations on transfer of fundsBank of the Lao PDRInstruction on Implementation of Decree Law on Management of Foreign Currency and Precious Metals No. 1/PC dated 17 March 2008 No. 01/BOL, dated 2 April 201031-12-9999
Savings and Credit Union to extend loans in KiPOther measuresBank of the Lao PDRRegulation For Savings and Credit Unions No. 03/BOL, dated 3 June 200831-12-9999
Submission of relevant information by commercial banks to the Bank of Lao PDRAdministrative RequirementsBank of the Lao PDRLaw On Commercial Banks No. 03/NA, dated 26 December 200631-12-9999
Related Procedures