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25 Dec '12
Currently, the insurance business is not a competitive business in the Lao PDR as there are only 6 insurance companies operating within the Lao PDR, i.e. Assurances Generales du Laos, Champa, Lao-Viet Insurance Co., Mitsui Sumitomo: MSIG Insurance (Lao) Com, Ltd., PCT Asia (formerly Insee Insurance Co. Ltd.), and Toko Assurance Co. Ltd.According to the law on Investment Promotion No.02/NA, dated 8 July 2009, the insurance business is listed as a concession business. Therefore, any application in relation to an establishment of an insurance company or insurance broker must be submitted to Ministry of Planning and Investment (the “MPI”) for consideration.
December 2012
Contact Us
- Lao Securities Exchange Building, T4 Road Phonthan Neua, Saysettha District, Vientiane, Lao PDR
- info@laopremier.com
- +856-21 265 471
- +856-21 265 474
Latests Articles
- 27Oct
Regulation Changes on Foreign Investments in Wholesale and Retail Businesses in the Lao PDR
- Posted in
- Business Law
- 06Jun
Promulgation of the Agreement on Wholesale and Retail Business No. 1005/IC.DT, dated 22 May 2015
- Posted in
- Business Law
- 02Jun
Ninth Ordinary Session of the National Assembly
- Posted in
- Bankruptcy,
- Business Law