Inventory of Business Licenses

General information
Name of formality	Business Operating License for Market
Type of formality	License
Date of last modification	04.12.2020
Responsible Authorities	Department of Industry and Commerce
LSIC	G - Wholesale and retail trade; repair of motor vehicles and motorcycles
Who should complete this business formality?	Individual or legal entity who intend to conduct a market business
Qualifications needed by the business to get the formality	- Must be Lao citizen - Must have sufficient capital in order to build the market
Additional Comment	The Department of Industry and Commerce of Vientiane Capital will issue a license only for a large market with a building area of 3,601 square meters or more and must submit documentation such as an application, survey document, a design that has been properly approved by the relevant authority and project proposal which certified by the local administrative office where the market will be located.

LEGAL FRAMEWORK
Name	Number	Date	Comment
Decision on Market	0903/MOIC.DIT	20.05.2013
Decision on the Business Activities of the Ministry of Industry and Commerce that requires Business Operating License	0044/MoIC.DERM	18.01.2019
Instruction on Licensing the Business Activities of Industry and Commerce Sector	0045/MoIC.DERM	18.01.2019
Instruction on Granting Business Operating License in Business Activities of Internal Trade	0164/DIT.TMDD	01.02.2019		""

REQUIRED DOCUMENTS FORMALITIES - First time
Name	Type	Comment
Application Form	Confirmative act	as defined by the Internal Trade Department, Ministry of Industry and Commerce

REQUIRED DOCUMENTS FORMALITIES - Renew
Name	Type	Comment

 

Mean of presentation
Means of presentation	At the Authority Offices
Address of authority
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)	36
What is the process and conditions to get the formality?
What is the process and conditions to renew the formality?	- Large market that has not meet standard or be a market model has a term of 3 years. - Renew before it expires 1 month. - Large standard market is to issue a business operating license for one time and do not need to apply for a renewal.

 

ISSUING FEES
Has application fees?	Service fees	Certificate fees	Application fees	Total fees
YES	0.00	100000.00	10000.00	110000.00
Comments	Service charge has not determined yet

 

RENEWAL FEES
Has renewal fees?	Service fees	Certificate fees	Renewal fees	Total renewal fees
YES	0.00	100000.00	10000.00	110000.00
Comments	Service charge has not determined yet

   

REQUIRED DOCUMENTS
Document Name	Comment
Application Form	as defined by the Internal Trade Department, Ministry of Industry and Commerce

 

STATISTICS (Issue or/and renewed number)
Year	Issued	Renewed
2018	0	0
2019	49	0
2020	63	0