Inventory of Business Licenses

General information
Name of formality	Business Operating License for Shopping Center
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, local, and foreign legal entity who intends to conduct a shopping center business
Qualifications needed by the business to get the formality	Foreign investors must have the following conditions: 1. Have a 100% foreign equity for investment projects with a total value of 160 Billion Kip or more; 2. Have up to 70% foreign equity for investment projects with a total value of 80 Billion to less than 160 Billion Kip; 3. Have up to 51% foreign equity for investment projects with a total value of 08 Billion to less than 80 Billion Kip. 4. For investment projects with a value of less than 08 Billion Kip, including shops, and sundry shops established independently and various forms of wholesale-retail outlets are reserved for Lao citizens
Additional Comment	Based on the scope of work, the Department of Industry and Commerce of Vientiane Capital will issue a license for a shopping center with an area of 1,001 – 20,000 square meters

LEGAL FRAMEWORK
Name	Number	Date	Comment
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		""
Decision on Shopping Center and Department Stores	1950/MOIC.DIT	22.09.2015

REQUIRED DOCUMENTS FORMALITIES - First time
Name	Type	Comment
Application Form	Confirmative act	as defined by the Department of Internal Trade, 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?	Renew before it expires 1 month.

 

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
NO	0.00	0.00	0.00	0.00
Comments	Service charge has not determined yet

   

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

 

STATISTICS (Issue or/and renewed number)
Year	Issued	Renewed
2016
2017