26 Feb 2019
LAOS: Revised Investment Guidelines Issued Following Publication of Controlled Business List
Following the publication of the Controlled Business List (CBL), which provides details of all the commercial sectors where operators require a statutory licence, revised investment application procedures for all the country’s industries have been issued.
In line with this, would-be financiers considering backing projects in any of the proscribed sectors must now apply, via the one-stop investment service, for an official sector-specific operating licence, as well as a standard Enterprise Registration Certificate (ERC), both of which will be issued, if approved, within a maximum period of 25 working days. For businesses not covered by the CBL, investors only need secure an ERC, which will be issued within 10 working days of the initial application.
Further details of the procedures and the associated lead times, as well as the guidelines covering investments in concession businesses, can be found here.