Business Operating License for Domestic Trade Business (Wholesale and Retail)
ໃບອະນຸຍາດດຳເນີນທຸລະກິດ ກິດຈະການການຄ້າພາຍໃນ (ການຄ້າຂາຍຍົກ ແລະ ຂາຍຍ່ອຍ)
| General information | ||
|---|---|---|
| Type of formality | License | |
| Date of last modification | 03.12.2020 | |
| Responsible Authorities | Department of Industry and Commerce
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| LSIC | ||
| Who should complete this business formality? |
Individual, local and foreign legal entities intend to conduct a business in wholesale and retail |
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| Qualifications needed by the business to get the formality |
Must have registered capital as follow: For domestic investor shall have a registered capital less than 4 billion Kip (It is not required to apply for a business operating license) • For foreign investor with equity participation as follow: - Registered capital from 20 billion Kip can hold 100%; - Registered capital from 4 to less than 20 billion Kip, shall join venture with the domestic investor as conditions below: - Registered capital from 10 to less than 20 billion Kip, foreign equity participation up to 70%. - Registered capital from 4 to less than 10 billion Kip, foreign equity participation up to 50%. |
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| Additional Comment |
For domestic investor-owned 100% is not required to apply for the business operating license |
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| REQUIRED DOCUMENTS FORMALITIES - First time | ||||
|---|---|---|---|---|
| Name | Comment | |||
| Application Form | ||||
| Copy of Enterprise Registration Certificate | please bring the original ERC when submitting the application |
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| Instruction Letter from Enterprise Registration and Management Sector | for registering a new enterprise |
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| Copy of Application Form for Enterprise Registration of Company Limited | for an enterprise that has a partnership between a foreign investor and Lao national (submit a copy) |
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| Photo (3x4) | 3 photos with a white background, taken within 3 months |
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| Power of Attorney | in case of sending an authorized representative |
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| REQUIRED DOCUMENTS FORMALITIES - Renew | ||||
|---|---|---|---|---|
| Name | Comment | |||
| Mean of presentation | ||
|---|---|---|
| Means of presentation | ||
| Address of authority | ||
| Processing Time (Day(s)) | 10 | |
| RENEWAL INFORMATION | ||
|---|---|---|
| Does the formality have a validity or an expiration date? | YES | |
| How long will the formality be valid for? (in months) | 36 | |
| What is the process and conditions to renew the formality? | Apply for renewal 1 month in advance. Required documents are as follow: • Application form for Business Operating License of Domestic Trade Business • Business Operating License of Internal Trade Business • 3 Photos size 3X4 taken not exceed 3 months • Power of Attorney (In case using an agent) | |
| ISSUING FEES | ||||
|---|---|---|---|---|
| Has application fees? | Service fees | Certificate fees | Application fees | Total fees |
| YES | 0.00 | 0.00 | 10000.00 | 10000.00 |
| Comments |
There is no fee for issuing of a business operating license due to the fee has not stated in any regulation yet. |
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| RENEWAL FEES | ||||
|---|---|---|---|---|
| Has renewal fees? | Service fees | Certificate fees | Renewal fees | Total renewal fees |
| YES | 0.00 | 100000.00 | 10000.00 | 110000.00 |
| Comments |
Service charge has not determined yet |
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