Licenses library · 519
License to Operate Internal Trade Business
国内贸易经营许可证
ໃບອະນຸຍາດດຳເນີນທຸລະກິດ ກິດຈະການການຄ້າພາຍໃນ ທຸລະກິດການຄ້າຂາຍຍົກ ແລະ ການຄ້າຂາຍຍ່ອຍ
Any individual, both national and international legal entity that intends to operate a wholesale and retail business (Lao investors 100% do not need to apply for this license). Apply at Department of Internal Trade (021412436;).
Who needs this
Any individual, both national and international legal entity that intends to operate a wholesale and retail business (Lao investors 100% do not need to apply for this license).
Requirements
- It shall have a registered capital as follow: • For Lao investors (100%), they shall have a registered capital of 4 billion LAK or lower (The license is not needed) • For foreign investors, they shall have a registered capital of:
- a registered capital from 20 billion LAK, 100% foreign equity participation
- a registered capital from 4 to less than 20 billion LAK, shall join venture with the domestic investor as conditions below: a registered capital from 10 to less than 20 billion LAK, foreign equity participation up to 70%. a registered capital from 4 to less than 10 billion Kip, foreign equity participation up to 50%.
Documents — first application
| Document | Note |
|---|---|
| Application Form | |
| Copy of Enterprise Registration Certificate | bring the original version when submitting the documents |
| Instruction Letter from DERM | in case of register new enterprise |
| Copy of Application Form for Enterprise Registration of Company Limited | in case of shareholders between foreigner and Lao |
| Photo (3x4) | white background, taken within 3 months (3 photos) |
| Power of Attorney (in case the applicant appoints the attorney to proceed with the application) |
Legal framework
- Decision on Enterprise Registration
- Instruction on Licensing the Business Activities of Industry and Commerce Sector
- Decision on Wholesale and Retail Business
- Decision on the Business Activities of the Ministry of Industry and Commerce that requires Business Operating License
How to submit
- Means of presentation
- At the Authority Offices
- Address of authority
- Department of Internal Trade, Ministry of Industry and Commerce
- Processing time
- 10 Defined in the Decision, No 0045/MOIC.DIT
Validity and renewal
- Has an expiry date
- YES
- Validity
- 36 months
- Renewal process
- The renewal application shall be submitted 1 month prior to its expiry date. Required documents are defined as follow: - the application for the internal trade business operating license. - the internal trade business operating license. - 3 copies of 3x4 photo with white background (taken within 3 months) - the power of attorney letter (in case someone proceed the renewal instead)