Licenses library · 625
License to Operate a Banking Business
银行业务经营许可证
ໃບອະນຸຍາດດໍາເນີນທຸລະກິດການທະນາຄານ
Individuals, legal entities that intend to operate in a banking business Apply at Non Bank Financial Institution Supervision Department.
Who needs this
Individuals, legal entities that intend to operate in a banking business
Requirements
- In cases where it is not possible to comply with the conditions, an extension for compliance can be requested for an additional 90 days, but not exceeding two instances in total.
Documents — first application
| Document | Note |
|---|---|
| Application form in the Bank of Lao PDR specified format | |
| Enterprise Registration Certificate | |
| Photo (3x4) |
Legal framework
- Law on Commercial Bank (Amended)
- Decisions on Commercial Bank and Branch Establishment
How to submit
- Means of presentation
- At the Authority Offices
- Address of authority
- Non Bank Financial Institution Supervision Department, Bank of Lao PDR
- Processing time
- 60 Legal entities that receive a response letter from the Commercial Bank Management Department or the Bank of the Lao PDR, Commercial Bank in the Lao PDR, must comply with the conditions specified in Article 8 of the decision on the establishment of commercial banks and branches of commercial banks, No.42/BoL, dated January 15, 2016. In cases where it is not possible to comply with the conditions, an extension for compliance can be requested for an additional 90 days, but not exceeding two instances in total.
Validity and renewal
- Has an expiry date
- NO
- Renewal process
- The license has no expiration.