Inventory of Business Licenses

General information
Name of formality	Permit to Receive or Provide the Offshore Loan
Type of formality	Other
Date of last modification	22.09.2017
Responsible Authorities	Monetary Policy Department
LSIC	All sectors
Who should complete this business formality?	Individuals, legal entities and organization in Lao PDR that intend to receive or provide the offshore loan
Qualifications needed by the business to get the formality
Additional Comment

LEGAL FRAMEWORK
Name	Number	Date	Comment
Decision on the Procedure of Importation and Exportation of Fund to Lao PDR and Lending or Loans and Commercial Credits with Foreigner	453/BOL	30.05.2019	Article 9

REQUIRED DOCUMENTS FORMALITIES - First time
Name	Type	Comment
Certificate of Annual Tax Payment	Formality	a copy
Bank Balance Statement	Confirmative act	in case of giving loans
Loan Agreement	Confirmative act
Loan Spending Plan	Confirmative act
Copy of Enterprise Registration Certificate	Confirmative act	or relevant Business Operating License
Copy of Certificate of Capital Importation to the Lao PDR in the Most Recent Year	Confirmative act	for a legal entity that is a foreign investment
Money Withdraw and Dept Payment Plan	Confirmative act	in case of taking loan
Application Form to Recieve Offshore Loans	Confirmative act	defined by the BOL
Income and Spending Plan	Confirmative act	of the company from the day of receiving to the payment day of the offshore loan (in case of receiving loan)

REQUIRED DOCUMENTS FORMALITIES - Renew
Name	Type	Comment

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

 

Mean of presentation
Means of presentation	At the Authority Offices
Address of authority	Monetary Policy Department, Bank of Lao PDR
Processing Time (Day(s))	10

 

RENEWAL INFORMATION
Does the formality have a validity or an expiration date?	YES
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?	The permit expiration is based on the duration of receive or provide offshore loan. The renewal is possible for the case of changes occur in the agreement that was agreed upon form the other party such as the loan duration.

 

ISSUING FEES
Has application fees?	Service fees	Certificate fees	Application fees	Total fees
YES	0.00	100000.00	0.00	100000.00
Comments	Based on the Decision on the capital Import-Export of Lao PDR and the Lending or Receipt of Loans and Foreign Trade Loans, No. 453/BOL dated 30 May 2019

 

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
Certificate of Annual Tax Payment	a copy
Bank Balance Statement	in case of giving loans
Loan Agreement
Loan Spending Plan
Copy of Enterprise Registration Certificate	or relevant Business Operating License
Copy of Certificate of Capital Importation to the Lao PDR in the Most Recent Year	for a legal entity that is a foreign investment
Money Withdraw and Dept Payment Plan	in case of taking loan
Application Form to Recieve Offshore Loans	defined by the BOL
Income and Spending Plan	of the company from the day of receiving to the payment day of the offshore loan (in case of receiving loan)

 

STATISTICS (Issue or/and renewed number)
Year	Issued	Renewed
2016	80	0
2017	75	0
2018	170	0
2019	122	0