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Laos Corporate Formation Process

Updated:2018-3-23 18:04:31    Source:www.tannet-group.comViews:133

Laos corporate formation, also known as Laos business setup, Laos company establishment, Laos business incorporation, need to go through several steps. Some business activities require special approval from a specific agency. Business registrations involving these activities may be subject to additional approvals by the agency responsible which may result in a short delay. Below is a brief introduction to the registration procedure in Laos.

I. Forms of Investment
1. Joint Venture between foreign and domestic investors
A joint venture between domestic and foreign investors is a joint investment between domestic and foreign investors who conduct business operations, have shared their property owned and have established a new legal entity under the law of Lao PDR.

2. Businesses Investment by contract
A business investment by contract is a business arrangement between domestic and foreign legal entities defined in the agreement without establishing a new legal entity or branch office in the Lao PDR.

3. Wholly domestic and foreign owned investment
A wholly domestic and foreign owned investment is a wholly investment by a domestic or a foreign investor that can be only one or more in the enterprise or project in Lao PDR.

II. NewCo Registration Procedures in Laos
Step 1: Apply for/obtain an Investment license and Enterprise Registration Certificate
The following documents shall be provided by investors:
(1) Investment Application Form;
(2) Articles of Association/Bylaws of the companies to be established;
(3) Feasibility study/Business plan;
(4) Joint Venture Agreement (for a Joint Company to be established);
(5) Appendices to Application Form;
(6) Investor’s Curriculum Vitae, Passport Copy (for foreigner) and for Lao investor, copy of ID and family book, 6 copies of 3X4 photo;
(7) Bank Statement/Financial Statement (certifying investment solvency);
(8) Letter of Authorization/Power of Attorney (if necessary).

Step 2: Apply for/Obtain a Tax Registration Certificate
The following documents are required:
(1) Application letter to the Tax Department, requesting Tax registration;
(2) Beginning balance sheet;
(3) Copy of Investment License;
(4) Copy of Enterprise Registration Certificate;
(5) Bank statement from a local bank for cash-only registered capital;
(6) List of personnel staff employed by the company.

Step 3: Apply for/Obtain a Company seal
The following documents are required:
(1) Copy of Investment License;
(2) Copy of Enterprise Registration Certificate;
(3) Copy of Tax Registration Certificate (issued by Tax Department).

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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