English | ລາວ
Investment Services in Concession Activities by Planning and Investment Sector
1. Scope of Investment One-Stop Service
2. Definition of State-owned Land Concession in the form of land rental or land concession.
- Land rental: is an approval for organization, persons or legal entity to have rights in using state-owned land under the conditions and time frame with legitimate binding agreement.
- Land concession: is an approval for persons or legal entity to have rights in using state-owned land under the conditions and time frame with legitimate binding agreement.
Land concessionaires in relations with the use of natural resources, besides paying the concession fee, they must pay for the resources, taxes, customs, and other levies mas stipulated in the law and/or as per the contractual terms.
Land concession for economic cultivation, forest rehabilitation, reforestation, industrial tree plantation, economic trees, non-timber forest products must be implemented in line with terms and conditions stipulated in Article 74 of Forest Law 2007.
The approving procedures in concession activity investments are of the roles and responsibilities of Planning and Investment Sector as determined in Article 15 (Concession activities) of newly amended Investment Promotion Law 2009, mainly the rights in land concession, minerals, hydro-powers, airlines, telecommunications, insurances and financial institutes, with the agreement from concerned sectors under the general investment approving processes as follows:
Investment approving procedures in concession of agricultural activities in connection with land, mines and electricity
1. Investors (domestic or foreign legal entity) submitted the request to OSS of Planning and Investment Sector;
2. OSS makes a referral to request comments from concerned sectors;
3. Concerned sectors make comments and submit to I-OSS (within 25 official working days);
4. OSS prepares CIP meeting, technicians report projects requesting approval or refusal in the Committee for Investment Promotion (CIP) meeting. Representatives from concerned sectors will participate in CIP meeting to share comments in projects.
5. In case CIP meeting agrees, the report will be submitted to Government for consideration,*projects not being agreed will be refused.
6. In case the meeting of Government or provincial authority agrees, there will be an announcement for negotiation of MOU or contract in the coming steps, depending on type of each project.
*if a project is not agreed, it will be refused.
7. - Agriculture activities in connection with land concession: The steps are initial the signing of MOU, then the signing of Project Development Agreement (PDA)/or the signing of Concession Agreement (CA).
- Mineral activities: The steps are the same as the steps of contract signing for searching and exploration, then contract signing for excavation and processing.
- Electricity activities: The initial step is the signing of MOU, then the signing of Project Development Agreement (PDA) and the last step is the signing of Concession Agreement(CA).
Remarks: Conditions of entering into the agreement of each concession activity will be stipulated in MOU or exploration contract.
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