FOR GENERAL BUSINESS CONSISTS OF THE FOLLOWING TYPES
The emergence of Lao PDR’s business environment as it’s diversifying its economy opens up more investment opportunities in various economic sectors. In navigating through challenges of many business opportunities that Lao PDR has to offer, potential investors should be equipped with the latest insights into its regulatory and legal requirements for foreign investors.
1. Business activities under controlled business list One-Stop Service (OSS) Planning and Investment Sector (See Decree on The Endorsement of the [Business Activities under] the Controlled Business List and the Concession List of Lao PDR No.03/PM, Dated 10.01.2019);
2. Business activities outside controlled business list Industry and Commerce Sector. (See Decision on Enterprise Registration No. .0023/MOIC.DERM, Dated 9.01.2019);
For the Business activities outside controlled business list are businesses opened for general businesses and which may be file for enterprise registration and shall be authorized for operation according to the Enterprise Law and relevant regulations. Investors wishing to invest in general business not included in the controlled business list shall submit an application to industry and commerce sector authority for enterprise registration as set out in the Enterprise Law and other relevant regulations.
Enterprise registration is the acceptance of lawful enterprise establishment for both domestic and foreign individual and legal entity, which is established and carries out business operations in Lao PDR, which is a one-time registration that is valid throughout its operations.