1. Law Tourism in Laos ( Lao Language )

2. The Promising Investment Destination in Lao PDR:

Key Sectors for Private Investment

Mining:

Laos has substantial mining potential with proven reserves of gold, cooper, tin, zinc, precious stone, coal, iron, limestone and gypsum, to name a few.

Hydro power:

Laos is Potential for small, medium and large- scale generation of hydro power on tributaries to the Mekong River is well-known. The resource supports the exports of the low cost electricity throughout South-East Asia. Laos has the ambitious to become the battery of region. The estimated total capacity is over 23,000MW of which only about 2% currently exploited.

Tourism:

Laos has a rich array of historical, cultural and Eco tourist attractions. Laos PDR is currently honorability hosts a world Heritage City (Luang Prabang) and a world historical heritage
Site (Wat Phou Champassack)

Agribusiness:

Laos is blessed with excellent soil and favorable climatic conditions which provide an environment that is suitable for agricultural plantation such as coffee, rice, tea, cotton, sugar, fruits, vegetables, flowers and some pastoral farming is our specialty. Forest plantation is also another potential alternative.
Light Manufacturing
Low cost labor and energy resources attract prospective investor in manufacturing for both international and domestic markets such as: textiles, garments, handicrafts, motor vehicles, consumer goods and etc.

Services:

The rapid growth of private investment and commerce is generating increased demand in banking, insurance, accounting, communications, health, education, consultancy, and other business support services.
Liberal investment laws and regulation
* Three forms of environment are allowed:
- Business cooperation by contract;
- A join venture with one or more domestic Lao investors
(Foreign equity should not be less than 30% of total investment capital);
- Or “A 100% Foreign-owned enterprise
* 0 % of import duties on production machinery, equipment and raw materials
* No export duties on finished products
* Right to employ foreign expatriates
* Profit tax is classified into 3 groups: 20%, 15%, 10%, and profit tax exemption is offered for a period of up to 7 years depending on activities, investment areas and size of investment
* Investment term is up to 75 years
Some majors required documents for investment application
1. Investment Application Form
2. Articles of Association of the company
3. Joint-Business Agreement (in the case of a joint Venture)
4. Feasibility study of the project proposed
5. Statement certifying the legal and financial status of the company/entity
Faster Investment license Approval
* 15 working days for promoted sectors
* 25 working days for promoted sectors with some restrictions
* 45 working days for large scale projects or projects related to natural resources
Comparative advantage of doing business of the Lao PDR
- Political Stability “Economic and financial Stability
- Inexpensive land, labor and energy costs
- GSP privilege with 42 countries such as EU, Japan, Canada, Switzerland, Vietnam and etc. NTR with USA (since December 2004)
- Lao PDR is a land-linked country which has access to ASEAN market with more than 500 million inhabit ants including southern part of neighboring China.
- Abundant Water Resource
- Rich Mineral Resource
- Plentiful of productive land

Top

Main Sponsors