Inventory of Business Licenses

Any individual, legal entity intending to establish or co-operate with accounting enterprises in Lao PDR.

1. The applicant shall be the accounting expert; 
2. The applicant shall be a member of the Chamber of Accountants and Auditors;
3. The applicant shall not be a government officer, owner, shareholder or employee in another auditing enterprise; 
4. The applicant shall never be disciplined or convicted for any crime related to fraud or any other financial, accounting misconducts
5. The enterprise shall have at least 3 accounting experts with at least a Higher Diploma.

This sector is classified as a highly sensitive controlled business account, related to the accounting and financial works of the business entity, which must be obliged to the state in accordance with the regulations, and needs to be considered through the relevant departments before the business is registered. (Pursuant to the Decree on the Adoption of Controlled Accounts No. 68/PM, dated 28 April 2008; Account A.02-68/PM.2012 on Controlled Accounts or Business Accounts that must be verified through the relevant department before registering the enterprise).
After the individual or legal entity has obtained a license to operate an accounting enterprise from the Ministry of Finance and has obtained an enterprise registration certificate from the Ministry of Industry and Commerce, it shall be registered as a legal entity of the Chamber of Accountants and Auditors (Article 42, paragraph 2).