Inventory of Business Licenses

General information
Name of formality	Certificate for Enterprise Registration of Sole-Trader Enterprise
Type of formality	Certificate
Date of last modification	05.01.2018
Responsible Authorities	Department of Enterprise Registration (021 412011;)
LSIC	All sectors
Who should complete this business formality?	Those who intend to invest or conduct business in Lao PDR.
Qualifications needed by the business to get the formality	N/A
Additional Comment	- If the registered capital is less than five hundred million LAK, the application form should be submitted in the district where the enterprise is located. - If the registered capital is five hundred million LAK or over, the application should be submitted at the Provincial Department of Industry and Commerce where the enterprise is located. Unless the enterprise is located in Vientiane Capital, the application form can be submitted either at the Ministry of Industry and Commerce or at the Department of Industry and Commerce of Vientiane Capital.

LEGAL FRAMEWORK
Name	Number	Date	Comment
Decision on Enterprise Registration	0023/MoIC.DERM	09.01.2019
Presidential Ordinance on Fees and Service Fees	003/PO	26.12.2012

REQUIRED DOCUMENTS FORMALITIES - First time
Name	Type	Comment
Photo (3x4)	Confirmative act	3 photos of the enterprise's owner will be used in the ERC. Photos should be taken within 3 months
Power of Attorney (in case the applicant appoints the attorney to proceed with the application)	Confirmative act	use the template of the Ministry of Industry and Commerce, submit 3 copies
Commitment Letter after Receiving an Enterprise Registration Certificate	Confirmative act	a template by the Ministry of Industry and Commerce, 3 copies
Copy of ID / family registry / passport	Confirmative act	3 copies
Curriculum Vitae of the Investor or Foreigner	Confirmative act	a template by the Ministry of Industry and Commerce, 3 copies
List of Business Activities	Confirmative act	3 copies
Application Form for Enterprise Registration of Sole-Trader Enterprise	Confirmative act	a template by the Ministry of Industry and Commerce, 3 copies

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 Sole-Trader Enterprise

 

Mean of presentation
Means of presentation	At the Authority Offices
Address of authority	Department of Enterprise Registration, Ministry of Industry and Commerce
Processing Time (Day(s))	10	Refer to the Decision on Enterprise Registration of Ministry of Industry and Commerce, No.0023/PSO.DERM issued on 09 January 2019; the Certificate for Enterprise Registration shall be issued no later than 10 working days after receiving documents.

 

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?	The Enterprise Registration Certificate has no term. It will be issued once throughout the period of business operation (unless there is any change in the content of the certificate).

 

ISSUING FEES
Has application fees?	Service fees	Certificate fees	Application fees	Total fees
YES	40000.00	0.00	0.00	40000.00
Comments	40,000 LAK with an additional certificate fee based on the registered capital as follows: 1. Registered Capital of less than 1 Million LAK, no fee 2. Registered Capital of more than 1 Million to 10 Million LAK, certificate fee is 20,000 LAK 3. Registered Capital of more than 10 Million to 20 Million LAK, certificate fee is 50,000 LAK 4. Registered Capital of more than 20 Million to 50 Million LAK, certificate fee is 100,000 LAK 5. Registered Capital of more than 50 Million to 100 Million LAK, certificate fee is 300,000 LAK 6. Registered Capital of more than 100 Million to 400 Million LAK, certificate fee is 500,000 LAK 7. Registered Capital of more than 400 Million to 1 Billion LAK, certificate fee is 1,000,000 LAK 8. Registered Capital of more than 1 Billion to 10 Billion LAK, certificate fee is 2,600,000 LAK 9. Registered Capital of more than 10 Billion to 20 Billion LAK, certificate fee is 4,000,000 LAK 10. Registered Capital more than 20 Billion LAK, certificate fee is 6,000,000 LAK

 

RENEWAL FEES
Has renewal fees?	Service fees	Certificate fees	Renewal fees	Total renewal fees
NO	0.00	0.00	0.00	0.00
Comments	The Enterprise Registration Certificate cannot be renewed unless there is a change in the content of the certificate, and the fee is 40,000 LAK. In addition, if there is a change in registered capital, the fee shall be collected depending on the registered capital of the enterprise as defined above.

   

REQUIRED DOCUMENTS
Document Name	Comment
Photo (3x4)	3 photos of the enterprise's owner will be used in the ERC. Photos should be taken within 3 months
Power of Attorney (in case the applicant appoints the attorney to proceed with the application)	use the template of the Ministry of Industry and Commerce, submit 3 copies
Commitment Letter after Receiving an Enterprise Registration Certificate	a template by the Ministry of Industry and Commerce, 3 copies
Copy of ID / family registry / passport	3 copies
Curriculum Vitae of the Investor or Foreigner	a template by the Ministry of Industry and Commerce, 3 copies
List of Business Activities	3 copies
Application Form for Enterprise Registration of Sole-Trader Enterprise	a template by the Ministry of Industry and Commerce, 3 copies

 

STATISTICS (Issue or/and renewed number)
Year	Issued	Renewed
2016	7	0
2017	2448	0
2018	2781	0
2019	2048	0