Inventory of Business Licenses

General information
Name of formality	Permit to Supply or Receive Offshore Trade Credit
Type of formality	Other
Date of last modification	03.08.2020
Responsible Authorities	Monetary Policy Department
LSIC	K - Financial and insurance activities
Who should complete this business formality?	Legal entities and organizations in Lao PDR who wish to supply or receive the offshore trade credit
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

REQUIRED DOCUMENTS FORMALITIES - First time
Name	Type	Comment
Certificate of Annual Tax Payment	Formality	a copy
Income and Spending Plan	Confirmative act	from that day of having debt to the payment day of commercial credits (in case of receiving commercial credits)
Application Form	Confirmative act	by the BOL
Business Operating License	Confirmative act	issued by the relevant sector (copy)
Copy of Enterprise Registration Certificate	Confirmative act	or Investment License
Contract of Giving or Receiving Commercial Credit	Confirmative act
Product Import-Export Plan	Confirmative act
Payment or Recieve Payment of Commercial Credits	Confirmative act
Copy of Certificate of Capital Importation to the Lao PDR in the Most Recent Year	Confirmative act

REQUIRED DOCUMENTS FORMALITIES - Renew
Name	Type	Comment

 

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?	According to the term of the loan or receive a loan from offshore.

 

ISSUING FEES
Has application fees?	Service fees	Certificate fees	Application fees	Total fees
YES	0.00	100000.00	0.00	100000.00
Comments	According to the Decision 453/BoL

 

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
Income and Spending Plan	from that day of having debt to the payment day of commercial credits (in case of receiving commercial credits)
Application Form	by the BOL
Business Operating License	issued by the relevant sector (copy)
Copy of Enterprise Registration Certificate	or Investment License
Contract of Giving or Receiving Commercial Credit
Product Import-Export Plan
Payment or Recieve Payment of Commercial Credits
Copy of Certificate of Capital Importation to the Lao PDR in the Most Recent Year

 

STATISTICS (Issue or/and renewed number)
Year	Issued	Renewed
2016	1	0
2017	1	0
2018	1	0
2019	1	0