Business License No Longer Required for Exports to Laos
Exporters are no longer required to register with Laos or obtain a “domestic business license” before shipping goods into the country, according to a July 16 report from the Hong Kong Trade Development Council. Instead, exporters and businesses need to…
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be approved by Laos’ Ministry of Industry and Commerce, which requires exporters to submit a request to the Ministry's Department of Import/Export, the report said. All applicants must provide proof they are registered as a “legal business entity” in a member nation of the World Trade Organization, the report said, and must never have “been found in breach of any relevant financial regulations.” The move is expected to “streamline export procedures” and improve Laos’ “overall business climate,” the report said.