Licenses library · 187
License to Operate Accounting Enterprise
会计企业经营许可证
ໃບອະນຸຍາດດຳເນີນວິສາຫະກິດບັນຊີ
Any individual, legal entity intending to establish or co-operate with accounting enterprises in Lao PDR. Apply at Accounting Department.
Who needs this
Any individual, legal entity intending to establish or co-operate with accounting enterprises in Lao PDR.
Requirements
- The applicant shall be the accounting expert
- The applicant shall be a member of the Chamber of Accountants and Auditors
- The applicant shall not be a government officer, owner, shareholder or employee in another auditing enterprise
- The applicant shall never be disciplined or convicted for any crime related to fraud or any other financial, accounting misconducts
- The enterprise shall have at least 3 accounting experts with at least a Higher Diploma.
Documents — first application
| Document | Note |
|---|---|
| Court Clearence | |
| Address Certification | |
| Certificate of Auditor | |
| Power of Attorney | in case of sending a representative to proceed the documents |
| Evidence of Capital Contribution | |
| Certificate of Delegation from Accounting Parent Company | if any |
| Curriculum vate | in details |
| Company's Regulations | |
| Photograph of the Managing Director | 2 photos (size 3x4), taken within 3 months |
| Certificate of Appointment of Responsible Person in Lao PDR from the Parent Company | |
| Request Letter | |
| Education Certificate | in related specialization |
| Membership Card or Certificate of Membership to Professional Accountants Organization | |
| Employment Certificate (in Accountants and/or Auditors) | |
| Identification Card or Passport | copy |
| Family Registration Book | copy |
| Location Confirmation of Enterprise | attach with the location map |
| Business Operation Report of the Parent Company | if any |
| Contract of Incorporation | between partners |
| Feasibility study | 3 years plan |
Legal framework
- Law on Independent Audit
- Presidential Ordinance on Fees and Service Fees
How to submit
- Means of presentation
- At the Authority Offices
- Address of authority
- Accounting Department, Ministry of Finance
- Processing time
- 10 The Ministry of Finance will consider issuing the license within 10 working days after the date of receiving the application from the Industry and Commerce sector, and after all required conditions are met. After an individual or legal entity obtains a business operating license to operate an accounting enterprise from the Finance sector and obtains a business registration certificate from the Industry and Commerce sector, it shall be registered as a legal entity of the Chamber of Accountants and Auditors.
Validity and renewal
- Has an expiry date
- NO
- Renewal process
- In order to issue the annual accounting enterprise monitoring certificate to enterprises that have obtained a business operating license to operate an accounting enterprise, the enterprises shall report their activities, organizational structure, and personnel to the Ministry of Finance on an annual basis. The report must include the following main documents: 1. The results of the annual activities, the organizational structure, the proportion of its technical staff, and the implementation of obligations as specified in Article 6, Article 50 of this law. 2. Annual financial statements 3. Professional compensation insurance 4. Upgrading vocational education for employees in their enterprises 5. Transparency report
Additional comment
This sector is classified as a highly sensitive controlled business account, related to the accounting and financial works of the business entity, which must be obliged to the state in accordance with the regulations, and needs to be considered through the relevant departments before the business is registered. (Pursuant to the Decree on the Adoption of Controlled Accounts No. 68/PM, dated 28 April 2008; Account A.02-68/PM.2012 on Controlled Accounts or Business Accounts that must be verified through the relevant department before registering the enterprise). After the individual or legal entity has obtained a license to operate an accounting enterprise from the Ministry of Finance and has obtained an enterprise registration certificate from the Ministry of Industry and Commerce, it shall be registered as a legal entity of the Chamber of Accountants and Auditors (Article 42, paragraph 2).