Inventory of Business Licenses

General information
Name of formality	License to Operate a Pawnshop Business
Type of formality	License
Date of last modification	20.08.2017
Responsible Authorities	Non Bank Financial Institution Supervision Department
LSIC	K - Financial and insurance activities
Who should complete this business formality?	Individuals, legal entities, and organizations must be of Lao nationality
Qualifications needed by the business to get the formality	The applicant must be individuals, legal entities, and organizations of Lao nationality
Additional Comment

LEGAL FRAMEWORK
Name	Number	Date	Comment
Decision on Penalty to the Violators of the Monetary Institution (that are not banks)	854/BOL	20.09.2018
Decision on Fee, Service Charge and Management Fee of the Monetary Institution (that is not a bank)	846/BOL	20.09.2018
Decree on Pawnshop Business	248/GOV	26.07.2016	Part II Establishment and Operation of the Pawnshop Business Chapter I Establishment of the Pawnshop Business (Article 5 to 11)

REQUIRED DOCUMENTS FORMALITIES - First time
Name	Type	Comment
Application Form	Confirmative act	by the BOL
Enterprise Registration Certificate	Confirmative act
Feasibility Study	Confirmative act	a format by the BOL
Power of Attorney (in case the applicant appoints the attorney to proceed with the application)	Confirmative act	a format by the BOL
Commitment Letter to Pay Fees	Confirmative act
Receipt for Fee Payment	Confirmative act
Internal Regulations	Confirmative act	a format by the BOL
Joint Venture Agreement or Bank Establishment Agreement	Confirmative act
Minute of Meeting of the Founders	Confirmative act
Minutes of Appointment of the Board of Directors	Confirmative act
Location Confirmation of Enterprise	Confirmative act	a format by the BOL, attach with a Location Map of the office, photos of the buildings and surroundings

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))	0

 

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
Application Form	by the BOL
Enterprise Registration Certificate
Feasibility Study	a format by the BOL
Power of Attorney (in case the applicant appoints the attorney to proceed with the application)	a format by the BOL
Commitment Letter to Pay Fees
Receipt for Fee Payment
Internal Regulations	a format by the BOL
Joint Venture Agreement or Bank Establishment Agreement
Minute of Meeting of the Founders
Minutes of Appointment of the Board of Directors
Location Confirmation of Enterprise	a format by the BOL, attach with a Location Map of the office, photos of the buildings and surroundings

 

STATISTICS (Issue or/and renewed number)
Year	Issued	Renewed
2016	0	27