Inventory of Business Licenses

General information
Name of formality	License to Operate a Leasing Company
Type of formality	License
Date of last modification	09.07.2020
Responsible Authorities	Non Bank Financial Institution Supervision Department
LSIC	K - Financial and insurance activities
Who should complete this business formality?	Individuals and legal entities
Qualifications needed by the business to get the formality	Individuals, legal entities
Additional Comment

LEGAL FRAMEWORK
Name	Number	Date	Comment
Decree on Financial Leasing	471/GOV	02.07.2021	Part III Leasing Company (Article 10 to 13)
Decision on Fee, Service Charge and Management Fee of the Monetary Institution (that is not a bank)	846/BOL	20.09.2018
No name	01/BOL	23.10.2012

REQUIRED DOCUMENTS FORMALITIES - First time
Name	Type	Comment
Power of Attorney (in case the applicant appoints the attorney to proceed with the application)	Confirmative act	ຕາມແບບພິມທີ່ທະນາຄານແຫ່ງ ສປປ ລາວ ວາງອອກ
Internal Regulations	Confirmative act	With BoL format
Feasibility Study	Confirmative act	ບົດວິພາກເສດຖະກິດ ສາມປີທຳອິດ ຕາມແບບພິມທີ່ທະນາຄານແຫ່ງ ສປປ ລາວ ວາງອອກ Feasibility study in the first three years in BoL format
Location Confirmation of Enterprise	Confirmative act
Commitment Letter to Pay Fees	Confirmative act
Application Form	Confirmative act
Enterprise Registration Certificate	Confirmative act
Minutes of Appointment of the Board of Directors	Confirmative act
Joint Venture Agreement or Bank Establishment Agreement	Confirmative act
Letter of Guarantee	Confirmative act
Minute of Meeting of the Founders	Confirmative act
Bank Manual	Confirmative act

REQUIRED DOCUMENTS FORMALITIES - Renew
Name	Type	Comment

LIST OF ATTACHED DOCUMENTS FOR FIRST TIME APPLICATION
Type of document	Document Name
Application form	Application Form

 

Mean of presentation
Means of presentation	At the Authority Offices
Address of authority	Non Bank Financial Institution Supervision Department, Bank of Lao PDR
Processing Time (Day(s))	15

 

RENEWAL INFORMATION
Does the formality have a validity or an expiration date?	NO
How long will the formality be valid for? (in months)	0
What is the process and conditions to get the formality?
What is the process and conditions to renew the formality?

 

ISSUING FEES
Has application fees?	Service fees	Certificate fees	Application fees	Total fees
YES	0.00	500000.00	0.00	500000.00
Comments	The processing fee is 0.5% of the registered capital

 

RENEWAL FEES
Has renewal fees?	Service fees	Certificate fees	Renewal fees	Total renewal fees
NO	0.00	0.00	0.00	0.00
Comments

   

REQUIRED DOCUMENTS
Document Name	Comment
Power of Attorney (in case the applicant appoints the attorney to proceed with the application)	ຕາມແບບພິມທີ່ທະນາຄານແຫ່ງ ສປປ ລາວ ວາງອອກ
Internal Regulations	With BoL format
Feasibility Study	ບົດວິພາກເສດຖະກິດ ສາມປີທຳອິດ ຕາມແບບພິມທີ່ທະນາຄານແຫ່ງ ສປປ ລາວ ວາງອອກ Feasibility study in the first three years in BoL format
Location Confirmation of Enterprise
Commitment Letter to Pay Fees
Application Form
Enterprise Registration Certificate
Minutes of Appointment of the Board of Directors
Joint Venture Agreement or Bank Establishment Agreement
Letter of Guarantee
Minute of Meeting of the Founders
Bank Manual

 

STATISTICS (Issue or/and renewed number)
Year	Issued	Renewed