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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 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 481 - 500 of 552 items
NameTypeAgencyLawValidity
    
Domestic investors desirous of investing to report financials and operations Administrative RequirementsMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Obligations of Investors toward the StateAdministrative RequirementsMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Social Obligations of InvestorsAdministrative RequirementsMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on engaging in the conduct of prohibited or illegal businessProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on obstructing investment promotion ProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on investors from bribing government officials and staffProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on investors from conspiring with government officials for unlawful benefitsProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on foreign investors from buying/selling land except for state land lease or concession ProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on investors from not honouring obligations- financial and otherwise ProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on investors from slandering governmentProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on investors from acting or mobilizing in a manner to adversely affect the traditions, customs and culture of the nationProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Prohibition on violating laws and regulations of Lao PDR ProhibitionMinistry of Planning and InvestmentLaw on Investment Promotion (Amended) No.14/NA, dated 17 November 201631-12-9999
Foreign legal entities shall submit the application form (as provided) to one stop serviceAdministrative RequirementsMinistry 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
Must not operate business in order to generate incomes or benefitsProhibitionMinistry 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
Must not advertise any type of product or serviceProhibitionMinistry 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
Must not lend its establishment license to other for using, changing or falsifying itProhibitionMinistry 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
Must not make out a receipt or bill for any income or benefitProhibitionMinistry 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
Must not take advantage from the authority, responsibilities, and position for its own benefitsProhibitionMinistry 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
Must not consitute any other behavior against the law and regulations.ProhibitionMinistry 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
Representative office must be extended 30 days prior to its expiration dateAdministrative RequirementsMinistry 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
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