Understand the Jurisdictions Setup Requirement Before Proceed Your Laos Company Formation
Are you thinking of starting a business in Laos? Do you find the procedures to be overwhelming and you hope you could get someone to help you out? Well, you just landed on the right page. At 3E Accounting United Kingdom, we offer Laos company formation services to help businesses just like yours get started in Laos. With the team of attorneys, accountants and tax experts we have, we will confidently make the process of starting your business in Laos as smooth as it can be.
You may be discouraged to learn that the landlocked country of Laos is ranked as one of the most stringent countries to start a business, but that can never be a discouragement for us. Yes, the process of submitting your application and getting the necessary paperwork may appear to be long and tedious, but only if you don’t know what to submit and when to submit them.
We have been in the industry long enough to know what ought to be done for you to register a company as soon as possible. This is why we are the preferred Laos incorporation services provider, and you too can trust us to get your company up and running without any hustles.
The Company Structures in Laos
If you are planning to register your business it is imperative for you to know the various corporate structures available for you to choose from. It is out of these that you will get to know the kind of company you need, hence, the requirements you will have to fulfill before you can start legal operations in Laos. In brief, there are three main corporate structures, and they include the following:
A representative office is a part of a legal entity in another country. It is one of the Laos company formation options you have at your disposal if you are already in operations in other countries and you wish to try out the Laos market. With this option, the law allows you to collect data related to investment opportunity. You can also coordinate between the relevant government ministries as you prepare to launch operations in Laos. The scope of your operations as a representative office in Laos will include the following:
- Data collection for the purposes of feasibility studies for potential investment
- Contact point in Laos with the head office
- Overseeing implementation of an MOU between the company and the Laos government
As a representative office, you may not carry out any commercial activity or generate any form of income in Laos.
Limited Liability Company
Limited liability company is the preferred investment vehicle for most of the foreign investors in Laos. It can be a wholly foreign-owned company, or it could also be in partnership with a Lao citizen.
Necessary Documents for Laos Company Formation
Depending on the corporate structure you choose, certain documents will be necessary for the formation process. They include but not limited to the following:
- Articles of Association
- Shareholder’s Agreement
- Lease Agreement
- Bank statements to show the investor’s financial viability
- Investor’s details including resumes, passport copies etc
- Employment contracts of key employees if any
- The business plan
Contact us for specific requirements for the kind of Laos company formation you desire to have. You can rely on our experience and expertise to make the formation process as smooth as possible.