PM issues order No.03/PM to address investment constraints in Lao PDR

PM issues order No.03/PM to address investment constraints in Lao PDR

 

Prime Minister of Lao PDR issues order No.,03/PM, dated 21/01/2020 on the Improvement of Services Related to the Issuance of Investment and Business Licenses to Ministers, head of ministry-equivalent authorities, Vientiane Capital governor and provincial governors.

PM issues order 03 to timely and precisely implement the Law on Investment Promotion and related laws, especially the improvement of One Stop Service (OSS) system and the implementation of doing business in Lao PDR in a timely, transparent and uniform manner in promoting, managing investment and facilitating both domestic and foreign investments throughout the country, increasing law enforcement, enhancing capability in attracting investment and to enable private investment actively contribute to national social, economic development to grow steadily. 

 

Following the PM’s Order No.03 dated January 21, 2020, the planning and investment sector has to improve the OSS as a facilitation mechanism for investors by providing information about investment, and authorization for concessions and controlled businesses. 

The OSS has also been instructed to offer services relating to the issuance of investment promotion documents, and post investment authorisation services, such as the issuing of visas, and stay permit card and work permit. 

Aside from these, the sector has to coordinate recommendations from the sector responsible for business concessions and business activities on the controlled list, and contact related authorities to receive business registration certificates, tax registration certificates, and other necessary documents, which investors can receive at the OSS.

Ministries, ministry-equivalent authorities and local authorities throughout the country involving investment promotion activities, OSS units at all relevant sectors and authorities at the central and local levels are urged to improve platforms, time periods and obstacles on the issuance of investment and business licenses in Lao PDR.

 

 

 

Download: Order PM No. 03/PM, dated 21/01/2020 (English Version) and (Lao Version)

 

 

Investment Promotion Department (IPD) Tel: 856-21-217012, Fax: 856-21-215491

www.investlaos.gov.la  ອີເມວ: This email address is being protected from spambots. You need JavaScript enabled to view it.  

facebook:  investlaos.gov.la

 

News By Korakan Luanglath

 

 

 

 

 

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Last update: 06 February 2020.