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License for Investment in Concession Business
特许权投资许可证
ໃບອະນຸຍາດລົງທຶນ ສໍາລັບ ທຸລະກິດສຳປະທານ
Any legal entity that intends to invest in concession activities, which are activities in which the investor is granted a concession from the state to develop and operate certain types of businesses (i.e. land concession, aviation business, mining business, and hydropower development projects). Apply at Investment Promotion Department.
Who needs this
Any legal entity that intends to invest in concession activities, which are activities in which the investor is granted a concession from the state to develop and operate certain types of businesses (i.e. land concession, aviation business, mining business, and hydropower development projects).
Requirements
- The applicant shall have experiences and successes on business operations proven by the relevant agencies; and shall have a financial status and source of funds endorsed by the domestic or foreign financial institutions
- The applicant shall meet the required qualifications and conditions specified for each type of business as defined in relevant laws (i.e. hydropower, mining).
- The enterprise shall have the registered capital of not less than 30 percent of the total capital.
Documents — first application
| Document | Note |
|---|---|
| Copy of Passport of the Managing Director | |
| Power of Attorney (in case the applicant appoints the attorney to proceed with the application) | |
| Court Clearence | |
| Copy of Enterprise Registration Certificate | |
| Curriculum vate | |
| Joint Venture Agreement | |
| Financial Certification and active bank balance statement of at least 90 days backwards | |
| Feasibility Study | |
| Environmental and Social Impact Assessment | |
| Copy of ID card or Family book of Managing Director | |
| Article of Association |
Legal framework
- Law on Promotion of Investment (Revised)
How to submit
- Means of presentation
- At the Authority Offices
- Address of authority
- Investment Promotion Department, Ministry of Planning and Investment
- Processing time
- 65 1. The Single Window Service shall submit the application to the related and local agencies within 2 working days in order to review and respond within 30 working days; 2. After receiving approval comments from the related agencies, the Single Window Service shall submit it to the Committee for Promotion and Management of Investment in order to consider it within 30 working days; 3. After getting the general approval from the Committee, the Single window Service will hold a negotiation meeting about the Memorandum of Understanding or contract, and then the investor shall sign the MOU or contract; 4. After the concession contract is agreed (signed), the Single Window Service shall issue the license within 3 working days.
Validity and renewal
- Has an expiry date
- YES
- Validity
- 600 months
- Renewal process
- The investment period in the concession activities is based on the type, size, value of the investment, conditions, the feasibility study as defined in relevant laws; but not more than 50 years, and it can only be extended with the approval from the Government or the National Assembly or the Provincial People's Assembly within the jurisdiction.